Chubb board approves $5 billion share repurchase programme

By Mia MacGregor

(The Insurer) - Chubb's board of directors has authorised a new $5 billion share repurchase programme that will begin on July 1, 2025, with no expiration date.

The current share repurchase programme will remain in effect until June 30, 2025.

The timing and volume of repurchases under the new authorisation will be determined by management, the company said.

These repurchases, subject to market conditions and other considerations, may be executed through various methods, including open market purchases, privately negotiated transactions, block trades, accelerated repurchases, or option and other forward transactions.

Additionally, shareholders have approved a 6.6% increase in the company's annual dividend, raising it to $3.88 per share, or $0.97 per share per quarter, up from $3.64 per share, or $0.91 per share per quarter.

The decision, which marks the 32nd consecutive year of dividend increases, was announced at the company's 2025 annual general meeting held in Zurich.

In addition to the dividend increase, shareholders voted in accordance with the board's recommendations on all other agenda items at the meeting.

The dividend will be distributed from legal reserves in four quarterly instalments, paid in U.S. dollars by the company's transfer agent, Chubb said.

Shareholders of record as of June 13, 2025, will receive the first instalment of $0.97 per share on July 3, 2025.