Alongside its quarterly earnings report, Chubb's CEO also lamented struggles facing the insurance industry because of outside factors like governmental trade policy and tariffs. (Credit: Bo/Adobe Stock)
Chubb Limited reported a significant decline in year-over-year net income for the first quarter of 2025, which the insurer says was largely fueled by catastrophic losses from the California wildfires earlier this year.
Overall, in Q1 Chubb had a net income of $1.33 billion, which is a 37.9% decrease from Q1 2024. Its core operating income also dropped by about 31% year-over-year to $1.49 billion.
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Brittney Meredith-Miller
Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].
