CB — what changed in the latest 10-Q
A section-by-section comparison of CB's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-07-28 vs the prior 10-Q · 2026-04-28
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +105 | −81 | ~46 | 93 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | +4 | −2 | ~2 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-07-28
Net income attributable to noncontrolling interests28 31 (12.3)%55 43 26.8 %
•Net income attributable to Chubb was $2.9 billion compared with $3.0 billion in the prior year period, reflecting growth in both P&C underwriting income and Life segment income, and higher net investment income, offset by lower mark-to-market gains on private equity investments.
•Life Insurance segment net premiums written increased 7.5 percent, due to growth in international life of 6.2 percent reflecting growth in traditional regular premium products of 12.4 percent, offset by lower savings-oriented single premium business. International life insurance deposits collected …
◦Total North America P&C Insurance catastrophe losses were $442 million and $870 million for the three and six months ended June 30, 2026, respectively.
◦Total Overseas General catastrophe losses were $25 million and $89 million for the three and six months ended June 30, 2026, respectively.
Text removed vs the prior filing · source: 10-Q · 2026-04-28
•Net income attributable to Chubb was $2.3 billion compared with $1.3 billion in the prior year period, primarily due to lower catastrophe losses.
•Life Insurance segment net premiums written increased 33.1 percent, or 30.8 percent in constant dollars, due to growth in international life of 34.1 percent in constant dollars reflecting 15.7 percentage points of growth from traditional regular premium products, with the remaining growth from savi…
◦Total North America P&C Insurance catastrophe losses were $428 million.
◦Total Overseas General catastrophe losses were $64 million.
◦Total North America P&C Insurance catastrophe losses were $1.51 billion.
Other information
Text added vs the prior filing · source: 10-Q · 2026-07-28
Chubb, through certain of its non-U.S. subsidiaries, provides a broad range of insurance and reinsurance products worldwide. During the second quarter of 2026, Chubb identified that one of its non-U.S. subsidiaries issued automobile insurance policies to two persons designated pursuant to Executive …
Chubb also identified that, during the third and fourth quarter of 2025, a different non-U.S. subsidiary issued or renewed automobile insurance policies for two entities and travel insurance and accident and health insurance policies for one individual. Each of the insured parties was designated pur…
In each case, the non-U.S. subsidiary froze the applicable policies and any related unearned premiums. Following designation, no claims were paid, and in the case of two automobile policies where premiums were received, the premiums were frozen. Gross revenues attributable to these policies were app…
rates. Net profits attributable to these policies are not precisely determinable but are less than the associated revenues. Chubb and its non-U.S. subsidiaries do not intend to provide any services to these persons in the future.
Text removed vs the prior filing · source: 10-Q · 2026-04-28
Chubb, through certain of its non-U.S. subsidiaries, provides a broad range of insurance and reinsurance products worldwide. In the quarter ended March 31, 2026, we determined that one of our non-U.S. subsidiaries renewed an auto insurance policy at the end of 2025 with a person who had recently bee…
The policies have been frozen with no withdrawal, claims, or premium payments permitted. In the quarter ended March 31, 2026, gross revenues from such policies were approximately £1.1 thousand (equivalent to $1.4 thousand). Net profits attributable to these policies are not precisely determinable bu…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice