Chubb Limited management check
CB · Financials · Property & Casualty Insurance · CEO Evan G. Greenberg
Filings as of
5 good · 2 to watch · 0 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $219, against $229 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.86 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Good
What does the CEO cost owners?
0.3% of net income$33.2m of reported pay in fiscal 2025, against $10.3bn of net income.
- Watch
Do they own the stock?
CEO stake ≈ 5.3 years of payThe CEO holds 535,346 shares, directly or through trusts (unvested awards not counted): about 5.3 years of pay. 5 insiders sold $13.8m in the last six months and none bought.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -1.5% a year over the last three fiscal years.
- Good
Is leadership stable?
6 leadership filings in 3 yearsCEO in the pay table: Evan G. Greenberg. 6 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Financials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 45 | 49 | |
| Pay for performance | 93 | 83 | |
| CEO cost | 91 | 67 | |
| Skin in the game | 51 | 51 | |
| Dilution | 69 | 69 | |
| Stable leadership | 95 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Property & Casualty Insurance, by management score. Chubb Limited is 23rd of 72 in its sector.
Pay versus performance
From the proxy statement filed April 3, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Evan G. Greenberg | $33.2m | $58.5m | $9.3m | $219 | $229 | $10.3bn |
| 2024 | — | $30.1m | $55.4m | $9.0m | $191 | $193 | $9.3bn |
| 2023 | — | $27.7m | $35.7m | $7.9m | $155 | $151 | $9.0bn |
| 2022 | — | $25.2m | $44.2m | $8.1m | $148 | $142 | $5.2bn |
| 2021 | — | $23.2m | $42.0m | $7.0m | $128 | $123 | $8.5bn |
The board says pay is tied most to Coreoperatingincome. Its other key measures: Core operating income, Core operating return on equity, Core operating return on tangible equity, P&C combined ratio, Tangible book value per share growth.
Insiders and the CEO's stake
Evan G Greenberg (Chairman & CEO) held 535,346 shares directly after their latest Form 4 on May 21, 2026, roughly $176.8m at that filing's price.
5 insiders sold $13.8m in the last six months and none bought.
- SoldJohn W KeoghPresident &COO$7.4mMay 27, 2026
- SoldJoseph F WaylandExecutive Vice President and*$3.1mJul 28, 2026
- SoldMichael P ConnorsDirector$1.9mAug 21, 2026
- SoldJuan Luis OrtegaExecutive Vice President*$1.3mJun 8, 2026
Leadership and governance on file
- May 22, 2026Leadership change8-K 5.02
- Nov 4, 2025Leadership change8-K 5.02
- Aug 12, 2024Leadership change8-K 5.02
- Jul 9, 2024Leadership change8-K 5.02
- May 16, 2024Leadership change8-K 5.02
- Mar 15, 2024Leadership change8-K 5.02
- Dec 7, 2022Leadership change8-K 5.02
Latest shareholder vote results: May 22, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $22.8bn returned to owners in buybacks and dividends, 54% of net income, and $0 of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $40.9bn | $43.1bn | $49.7bn | $55.8bn | $59.4bn |
| Net income | $8.5bn | $5.2bn | $9.0bn | $9.3bn | $10.3bn |
| Stock-based pay | — | — | — | — | — |
| Buybacks | $4.9bn | $2.9bn | $2.4bn | $1.8bn | $3.7bn |
| Dividends | $1.4bn | $1.4bn | $1.4bn | $1.4bn | $1.5bn |
| Diluted shares | 443m | 424m | 414m | 408m | 402m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.