Medical costs
Chubb Medical costs decreased by 2.4% to $6.13B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 11.1%, from $6.90B to $6.13B. Over 4 years (FY 2021 to FY 2025), Medical costs shows an upward trend with a 6.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Lower costs relative to premiums indicate higher underwriting efficiency and better medical cost management.
Detailed definition
This represents the total expenses incurred for medical services, claims, and healthcare delivery provided to policyhold...
Peer comparison
Standard for health insurers; peers often report this as the medical loss ratio component.
unh_medical_costsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.01B | $6.63B | $4.34B | $4.56B | $5.21B | $7.06B | $5.74B | $5.15B | $5.68B | $7.11B | $6.16B | $5.73B | $6.43B | $7.38B | $6.48B | $6.90B | $6.57B | $6.95B | $6.28B | $6.13B |
| QoQ Change | — | +32.4% | -34.5% | +5.1% | +14.1% | +35.7% | -18.7% | -10.3% | +10.4% | +25.0% | -13.3% | -7.1% | +12.3% | +14.8% | -12.2% | +6.4% | -4.7% | +5.8% | -9.6% | -2.4% |
| YoY Change | — | — | — | — | +4.0% | +6.5% | +32.2% | +12.8% | +9.2% | +0.6% | +7.4% | +11.2% | +13.2% | +3.9% | +5.2% | +20.4% | +2.2% | -5.9% | -3.1% | -11.1% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| North America Commercial P&C Insurance | $3.07B | $3.39B | $3.10B | $3.03B | $3.26B | $3.08B | — | $3.22B |
| Overseas General Insurance | $1.67B | $1.63B | $1.69B | $1.40B | $1.79B | $1.71B | $1.70B | $1.65B |
| North American Personal P&C Insurance | $876.00M | $879.00M | $930.00M | $2.09B | $822.00M | $713.00M | — | $1.03B |
| Global Reinsurance | $155.00M | $200.00M | $219.00M | $242.00M | $132.00M | $139.00M | $127.00M | $137.00M |
| North America Agricultural Insurance | $543.00M | $1.19B | $385.00M | $92.00M | $483.00M | $1.22B | — | $53.00M |
| Segment Life | $22.00M | $32.00M | $26.00M | $26.00M | $20.00M | $31.00M | — | $28.00M |
| Segment Corporate And Other | $93.00M | $58.00M | — | — | — | — | — | — |
| Segment Measure Reconciling Items | -$3.00M | -$1.00M | — | — | — | — | — | — |
| Total | $6.43B | $7.38B | $6.48B | $6.90B | $6.57B | $6.95B | $6.28B | $6.13B |
Segment Corporate And Other, Segment Measure Reconciling Items were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Medical costs at Other Companies
Frequently Asked Questions
- What is Chubb's medical costs?
- Chubb (CB) reported medical costs of $6.13B in Q1 2026.
- How has Chubb's medical costs changed year-over-year?
- Chubb's medical costs decreased by 11.1% year-over-year, from $6.90B to $6.13B.
- What is the long-term trend for Chubb's medical costs?
- Over 4 years (2021 to 2025), Chubb's medical costs has grown at a 6.1% compound annual growth rate (CAGR), from $21.03B to $26.70B.
- What does medical costs mean?
- The total cost of healthcare services provided to insured members.