Chubb Ltd
For the period ended Jun 30, 2026. Filed Jul 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 28, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Net Investment Income
| Three Months Ended June 30 | Six Months Ended June 30 | |||
|---|---|---|---|---|
| (in millions of U.S. dollars) | 2026 | 2025 | 2026 | 2025 |
| Fixed maturities (1) | $1,586 | $1,424 | $3,143 | $2,825 |
| Short-term investments | 43 | 36 | 83 | 74 |
| Other interest income | 4 | 8 | 12 | 25 |
| Equity securities | 94 | 93 | 186 | 186 |
| Private equities | 52 | 35 | 91 | 70 |
| Other investments | 34 | 25 | 64 | 52 |
| Gross investment income (1) | 1,813 | 1,621 | 3,579 | 3,232 |
| Investment expenses | (53) | (53) | (110) | (103) |
| Net investment income (1) | $1,760 | $1,568 | $3,469 | $3,129 |
| (1) Includes amortization expense related to fair value adjustment of acquired invested assets | $(1) | $(4) | $(3) | $(6) |
Net investment income is influenced by a number of factors including the amounts and timing of inward and outward cash flows, the level of interest rates, and changes in overall asset allocation. Net investment income increased 12.3 percent and 10.9 percent for the three and six months ended June 30, 2026, respectively, primarily due to higher average invested assets.
For private equities where we own less than three percent, investment income is included within Net investment income in the table above. For private equities where we own more than three percent, investment income is included within Other (income) expense in the Consolidated statements of operations. Excluded from Net investment income is the mark-to-market movement for private equities, which is recorded within either Other (income) expense or Net realized gains (losses) based on our percentage of ownership. The total mark-to-market movement for private equities excluded from Net investment income was as follows:
| Three Months Ended June 30 | Six Months Ended June 30 | |||
|---|---|---|---|---|
| (in millions of U.S. dollars) | 2026 | 2025 | 2026 | 2025 |
| Total mark-to-market gain on private equity, pre-tax | $99 | $512 | $142 | $496 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.