Shareholders' Equity (Tables)

The following table presents dividend distributions per Common Share in Swiss francs (CHF) and U.S. dollars (USD):


	Three Months Ended						Nine Months Ended
	September 30						September 30
	2026			2025			2026			2025
	CHF	USD		CHF	USD		CHF	USD		CHF	USD
Total dividend distributions per common share	0.83	$	1.02	0.78	$	0.97	2.38	$	3.01	2.40	$	2.85

Chubb Limited securities repurchase authorizations

In June 2023, the Board authorized the repurchase of up to $5.0 billion of Chubb Common Shares, effective July 1, 2023, with no expiration date. In May 2025, the Board determined to terminate the June 2023 authorization as of June 30, 2025 and concurrently authorized a new repurchase amount of up to $5.0 billion of Chubb Common Shares, effective July 1, 2025, with no expiration date. In May 2026, the Board determined to terminate the June 2025 authorization as of June 30, 2026 and concurrently authorized a new repurchase amount of up to $7.5 billion of Chubb Common Shares, effective July 1, 2026, with no expiration date. The following table presents repurchases of Chubb's Common Shares conducted in a series of open market transactions under the Board authorizations:

The following table presents changes in accumulated other comprehensive income (loss):



	Three Months Ended				Nine Months Ended
	September 30				September 30
(in millions of U.S. dollars)	2026		2025		2026		2025
Accumulated other comprehensive income (loss) (AOCI)
Net unrealized appreciation (depreciation) on investments
Balance – beginning of period, net of tax	$	(3,282)	$	(2,772)	$	(1,997)	$	(4,552)
Change in period, before reclassification from AOCI (before tax)	(4,941)		837		(6,604)		2,598
Amounts reclassified from AOCI (before tax)	105		31		299		157
Change in period, before tax	(4,836)		868		(6,305)		2,755
Income tax (expense) benefit	370		(52)		559		(163)
Total other comprehensive income (loss)	(4,466)		816		(5,746)		2,592
Noncontrolling interests, net of tax	9		(16)		14		(20)
Balance – end of period, net of tax	(7,757)		(1,940)		(7,757)		(1,940)
Current discount rate on liability for future policy benefits
Balance – beginning of period, net of tax	(164)		(746)		(344)		(539)
Change in period, before tax	300		305		541		53
Income tax (expense) benefit	(51)		26		(120)		47
Total other comprehensive income	249		331		421		100
Noncontrolling interests, net of tax	(22)		47		(30)		23
Balance – end of period, net of tax	107		(462)		107		(462)
Instrument-specific credit risk on market risk benefits






Balance – beginning of period, net of tax	(12)		(12)		(23)		(16)
Change in period, before tax	—		(9)		13		(4)
Income tax (expense) benefit	—		2		(2)		1
Total other comprehensive income (loss)	—		(7)		11		(3)
Noncontrolling interests, net of tax	—		—		—		—
Balance – end of period, net of tax	(12)		(19)		(12)		(19)
Cumulative foreign currency translation adjustment
Balance – beginning of period, net of tax	(3,015)		(2,919)		(3,135)		(4,025)
Change in period, before reclassification from AOCI (before tax)	666		136		1,056		1,306
Amounts reclassified from AOCI (before tax)	(11)		(8)		(31)		(23)
Change in period, before tax	655		128		1,025		1,283
Income tax (expense) benefit	40		(17)		44		(26)
Total other comprehensive income	695		111		1,069		1,257
Noncontrolling interests, net of tax	56		49		310		89
Balance – end of period, net of tax	(2,376)		(2,857)		(2,376)		(2,857)
Fair value hedging instruments
Balance – beginning of period, net of tax	(27)		(40)		(58)		50
Change in period, before reclassification from AOCI (before tax)	(9)		(17)		(36)		98
Amounts reclassified from AOCI (before tax)	21		14		87		(215)
Change in period, before tax	12		(3)		51		(117)
Income tax (expense) benefit	(3)		—		(11)		24
Total other comprehensive income (loss)	9		(3)		40		(93)
Noncontrolling interests, net of tax	—		—		—		—
Balance – end of period, net of tax	(18)		(43)		(18)		(43)


	Three Months Ended				Nine Months Ended
	September 30				September 30
(in millions of U.S. dollars)	2026		2025		2026		2025
Postretirement benefit liability adjustment
Balance – beginning of period, net of tax	577		431		582		438
Change in period, before tax	(5)		(3)		(11)		(10)
Income tax benefit	1		1		2		1
Total other comprehensive loss	(4)		(2)		(9)		(9)
Noncontrolling interests, net of tax	—		—		—		—
Balance – end of period, net of tax	573		429		573		429
Accumulated other comprehensive loss	$	(9,483)	$	(4,892)	$	(9,483)	$	(4,892)

The following table presents reclassifications from accumulated other comprehensive income (loss) to the Consolidated statements of operations:


	Three Months Ended				Nine Months Ended				Consolidated Statement of Operations Location
	September 30				September 30
(in millions of U.S. dollars)	2026		2025		2026		2025
Fixed maturities available-for-sale	$	(105)	$	(31)	$	(299)	$	(157)	Net realized gains (losses)
Income tax (expense) benefit	20		(11)		43		17		Income tax expense
	$	(85)	$	(42)	$	(256)	$	(140)	Net income
Cumulative foreign currency translation adjustment
Cross-currency swaps	$	11	$	8	$	31	$	23	Interest expense
Income tax expense	(2)		(2)		(6)		(5)		Income tax expense
	$	9	$	6	$	25	$	18	Net income
Net gains (losses) of fair value hedging instruments
Cross-currency swaps	$	(16)	$	(9)	$	(73)	$	229	Net realized gains (losses)
Cross-currency swaps	(5)		(5)		(14)		(14)		Interest expense
Income tax (expense) benefit	4		3		18		(45)		Income tax expense
	$	(17)	$	(11)	$	(69)	$	170	Net income
Total amounts reclassified from AOCI	$	(93)	$	(47)	$	(300)	$	48