Chubb Limited Key Stats
- 2024 Revenue: $55.9 billion (up 12% from 2023)
- 2024 Net Income: $9.27 billion (company record)
- Market Capitalization: $116 billion (December 2025)
- Global Workforce: 43,000+ employees
- Operations: 54 countries and territories worldwide
Chubb Limited is the world’s largest publicly traded property and casualty insurance company. Headquartered in Zurich, Switzerland, the company serves multinational corporations, small businesses, and individuals across six continents.
The company provides commercial and personal property insurance, accident and health coverage, reinsurance, and life insurance products. Chubb operates through independent agents, brokers, and direct channels.
Listed on the New York Stock Exchange under ticker CB, Chubb ranks among the S&P 500 components. The company maintains AA financial strength ratings from Standard & Poor’s and A++ from A.M. Best.
Chubb Limited History
Chubb Limited traces its origins to two pioneering insurance ventures that eventually merged to form today’s global leader.
Chubb Limited Co-founders
Thomas Caldecot Chubb
Thomas Chubb founded the original Chubb & Son marine underwriting business in 1882 in New York City’s seaport district. He collected capital from prominent merchants and focused on insuring ships and cargoes, establishing the foundation for what would become a global insurance leader.
Percy Chubb
Percy Chubb partnered with his father Thomas to launch the marine underwriting venture. The father-son team built strong relationships with insurance agents and brokers who placed their clients’ business with Chubb underwriters throughout the late 19th century.
ACE Limited Founding Consortium
A group of 34 blue-chip companies from healthcare, manufacturing, banking, and energy industries formed ACE Limited in 1985. These founding sponsors pooled capital to create excess liability and directors and officers insurance coverage during the U.S. insurance crisis.
Chubb Limited Competitors
Chubb competes with major global insurers across commercial and personal lines. The company faces competition from diversified insurance giants like American International Group and European leaders such as Allianz.
| Company | Headquarters | Primary Focus |
|---|---|---|
| Travelers Companies | New York, USA | Commercial and Personal P&C |
| The Hartford | Hartford, USA | Commercial Lines, Group Benefits |
| AIG | New York, USA | Global Commercial Insurance |
| Zurich Insurance Group | Zurich, Switzerland | Multi-line Global Insurer |
| Allianz SE | Munich, Germany | Insurance and Asset Management |
| Liberty Mutual | Boston, USA | Personal and Commercial Lines |
| MetLife | New York, USA | Life Insurance, Employee Benefits |
| Berkshire Hathaway Insurance | Omaha, USA | Reinsurance, Commercial Lines |
| AXA | Paris, France | Multi-line Global Insurer |
| Progressive | Mayfield Village, USA | Personal Auto Insurance |
Chubb Limited Market Cap
Chubb Limited commands a market capitalization of approximately $116 billion as of December 2025. This valuation makes it the world’s largest publicly traded property and casualty insurer by market cap.
The company has delivered consistent shareholder value growth over the past decade. Berkshire Hathaway acquired 27 million shares between 2023 and 2024, signaling strong institutional confidence in Chubb’s financial trajectory.
Chubb Limited Revenue
Chubb generated $55.9 billion in total revenue for 2024, representing 12% growth from the prior year. The company achieved record P&C underwriting income of $5.85 billion with net premiums written of $45.1 billion.
Revenue growth stems from strong performance across commercial and consumer insurance segments. Global P&C net premiums written increased 9.6% in 2024, with commercial insurance up 8.7% and consumer insurance up 12.1%.
Chubb Limited Acquisitions
Strategic acquisitions have shaped Chubb’s growth trajectory over four decades. The company has completed 17 acquisitions across seven U.S. states and nine countries, building a diversified global portfolio.
The landmark 1999 acquisition of Insurance Company of North America from Cigna gave ACE an instant global network and 200 years of insurance heritage. This deal transformed ACE from a specialty insurer into a major international player.
In 2008, ACE purchased Combined Insurance Company of America from Aon Corporation for $2.56 billion. Founded by W. Clement Stone in 1919, Combined Insurance added worksite marketing capabilities and supplemental health products to the portfolio.
The 2010 acquisition of Rain and Hail LLC for $1.1 billion established ACE as a leader in U.S. crop insurance. This purchase added expertise in agricultural risk management and expanded the company’s presence in the Midwest.
The defining transaction came in January 2016 when ACE Limited acquired Chubb Corporation for $28.3 billion in cash and stock. ACE shareholders held 70% of the combined company while Chubb shareholders received 30%. The merged entity adopted the Chubb name, capitalizing on brand recognition built since 1882. This deal created the world’s largest publicly traded P&C insurer.
Recent acquisitions continue the growth strategy. In 2024, Chubb acquired Healthy Paws pet insurance for approximately $300 million and Catalyst Aviation Insurance in Australia. In March 2025, the company announced plans to acquire Liberty Mutual’s insurance businesses in Thailand and Vietnam, further expanding its Asia-Pacific footprint.
FAQs
Who owns Chubb Limited?
Chubb Limited is publicly traded on the NYSE under ticker CB. Institutional investors including Berkshire Hathaway, Vanguard Group, and BlackRock hold significant stakes in the company.
When was Chubb founded?
The original Chubb Corporation traces back to 1882 when Thomas Caldecot Chubb started a marine underwriting business. The current Chubb Limited formed in 2016 through the ACE-Chubb merger.
Where is Chubb Limited headquartered?
Chubb Limited is headquartered in Zurich, Switzerland. The company maintains principal offices in New York, London, and Paris with operations spanning 54 countries.
What type of insurance does Chubb provide?
Chubb offers commercial and personal property casualty insurance, accident and health coverage, reinsurance, life insurance, and agricultural insurance products for individuals and businesses.
How many employees work at Chubb?
Chubb employs approximately 43,000 people globally across its operations in 54 countries and territories. The workforce supports commercial, personal, and specialty insurance lines.