Earnings per share

9 Months Ended

Sep. 30, 2025


	Three Months Ended				Nine Months Ended
	September 30				September 30
(in millions of U.S. dollars, except share and per share data)	2025		2024		2025		2024
Numerator:
Net income	$	3,107	$	2,490	$	7,449	$	7,000
Net income (loss) attributable to noncontrolling interests	306		166		349		303
Net income attributable to Chubb	$	2,801	$	2,324	$	7,100	$	6,697
Denominator:
Denominator for basic earnings per share attributable to Chubb:
Weighted-average shares outstanding	397,336,568		403,831,412		399,289,363		404,700,118
Denominator for diluted earnings per share attributable to Chubb:
Share-based compensation plans	3,532,323		4,047,315		3,902,807		4,191,655
Weighted-average shares outstanding and assumed conversions	400,868,891		407,878,727		403,192,170		408,891,773
Basic earnings per share attributable to Chubb	$	7.05	$	5.75	$	17.78	$	16.55
Diluted earnings per share attributable to Chubb	$	6.99	$	5.70	$	17.61	$	16.38
Potential anti-dilutive share conversions	1,631,069		1,330,590		1,819,681		1,080,371

Excluded from weighted-average shares outstanding and assumed conversions is the impact of securities that would have been anti-dilutive during the respective periods. These securities consisted of stock options in which the underlying exercise prices were greater than the average market prices of our Common Shares. Refer to Note 16 to the Consolidated Financial Statements of our 2024 Form 10-K for additional information on stock options.

Chubb Ltd 10-Q