Chubb Ltd reported its first-quarter 2025 earnings with adjusted earnings per share (EPS) of $3.68, surpassing the expected $3.23 but down from $5.41 a year earlier. The company posted net premiums written of $12.65 billion, below the $13.03 billion estimate, and net premiums earned of $12.00 billion, missing the $12.52 billion forecast. Revenue stood at $10.93 billion, a 3.19% increase year-over-year, yet below the $11.22 billion estimate. The property and casualty combined ratio rose by 9.7 points to 95.7%, influenced by a fourfold increase in catastrophe losses, including $1.64 billion in pre-tax losses from California wildfires. Despite these challenges, Chubb's core operating income remained resilient, supported by strong investment income and growth in life insurance. Foreign currency movements negatively impacted core operating income by $36 million, or $0.09 per share. Book value per share was reported at $164.01, slightly under the estimated $164.83.