Chubb Ltd Earnings Per Share Disclosure
| Year Ended December 31 | |||||||||||||||||
| (in millions of U.S. dollars, except share and per share data) | 2025 | 2024 | 2023 | ||||||||||||||
| Numerator: | |||||||||||||||||
| Net income | $ | 10,622 | $ | 9,640 | $ | 9,015 | |||||||||||
| Net income (loss) attributable to noncontrolling interests | 312 | 368 | (13) | ||||||||||||||
| Net income attributable to Chubb | $ | 10,310 | $ | 9,272 | $ | 9,028 | |||||||||||
| Denominator: | |||||||||||||||||
| Denominator for basic earnings per share attributable to Chubb: | |||||||||||||||||
| Weighted-average shares outstanding | 397,611,884 | 404,189,749 | 410,845,263 | ||||||||||||||
| Denominator for diluted earnings per share attributable to Chubb: | |||||||||||||||||
| Share-based compensation plans | 3,901,454 | 4,296,686 | 3,357,305 | ||||||||||||||
Weighted-average shares outstanding and assumed conversions | 401,513,338 | 408,486,435 | 414,202,568 | ||||||||||||||
| Basic earnings per share attributable to Chubb | $ | 25.93 | $ | 22.94 | $ | 21.97 | |||||||||||
| Diluted earnings per share attributable to Chubb | $ | 25.68 | $ | 22.70 | $ | 21.80 | |||||||||||
| Potential anti-dilutive share conversions | 1,463,017 | 1,150,169 | 2,385,099 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 23, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 25, 2021 | |
| 2019 | Feb 27, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Feb 23, 2018 | |
| 2016 | Feb 28, 2017 | |
| 2015 | Feb 26, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.