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Chubb touts high-net-worth personal lines durability and capital plan
Chubb said North American casualty pricing rose 7.1% in the quarter, with the high-net-worth personal lines unit gaining 6% premium growth and 90% account retention.
Chubb held its second-quarter 2026 earnings call on July 22, emphasizing the durability of its high-net-worth personal lines franchise and its plan to keep deploying excess capital across underwriting and investments, while continuing dividends and share repurchases. CFO Peter Enns said the company’s framework for using and returning capital remains unchanged.
The insurer reported growth across most of its lines outside property, including personal lines, small and middle-market commercial insurance, accident and health, life, and large accounts. North American casualty pricing increased 7.1%, made up of a 6.4% rate increase and 0.7% exposure growth, while financial-lines pricing rose 0.3%.
Chubb’s high-net-worth personal-lines business posted 6% premium growth and 90% account retention, with the operation generating more than $8 billion in annual gross premiums. CEO Evan Greenberg said the unit is largely insulated from broader US pricing pressure because it does not participate in mass-market auto and instead serves wealthy customers with complex insurance needs where coverage breadth and claims service matter as much as price.
Greenberg also pointed to improved risk selection and pricing supported by more sophisticated rating algorithms and technology, describing the complexity of its rating and the application of rate against exposure. He said the company uses technology in risk selection and expects that approach to continue evolving.