Deferred Policy Acquisition Costs, Amortization Expense
Chubb Deferred Policy Acquisition Costs, Amortization Expense increased by 1.6% to $2.60B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 12.2%, from $2.31B to $2.60B. Over 4 years (FY 2021 to FY 2025), Deferred Policy Acquisition Costs, Amortization Expense shows an upward trend with a 9.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
High amortization relative to premiums may indicate high acquisition costs or a shift in the mix of business toward products with higher commission structures.
Detailed definition
The amortization of costs directly associated with acquiring new insurance policies, such as commissions and underwritin...
Peer comparison
Standard across the insurance industry; peers are compared based on the efficiency of their customer acquisition spend.
other_deferred_policy_acquisition_cost_amortization_expenseHistorical 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 | $1.70B | $1.78B | $1.62B | $1.72B | $1.73B | $1.97B | $1.92B | $1.95B | $2.02B | $2.18B | $2.12B | $2.21B | $2.23B | $2.32B | $2.35B | $2.31B | $2.42B | $2.56B | $2.56B | $2.60B |
| QoQ Change | — | +4.7% | -9.1% | +6.3% | +0.4% | +14.1% | -2.3% | +1.2% | +3.5% | +8.0% | -2.8% | +4.3% | +0.9% | +4.4% | +0.9% | -1.4% | +4.4% | +6.1% | -0.3% | +1.6% |
| YoY Change | — | — | — | — | +1.6% | +10.8% | +19.0% | +13.3% | +16.8% | +10.6% | +10.0% | +13.3% | +10.4% | +6.7% | +10.8% | +4.8% | +8.5% | +10.3% | +9.0% | +12.2% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Overseas General Insurance | $842.00M | $852.00M | $893.00M | $837.00M | $913.00M | $975.00M | $999.00M | $1.01B |
| North America Commercial P&C Insurance | $660.00M | $689.00M | $681.00M | $719.00M | $705.00M | $708.00M | — | $752.00M |
| Segment Life | $300.00M | $291.00M | $317.00M | $310.00M | $319.00M | $359.00M | — | $362.00M |
| North American Personal P&C Insurance | $299.00M | $315.00M | $325.00M | $330.00M | $332.00M | $339.00M | — | $347.00M |
| Global Reinsurance | $80.00M | $89.00M | $92.00M | $100.00M | $98.00M | $96.00M | $102.00M | $102.00M |
| North America Agricultural Insurance | $45.00M | $88.00M | $37.00M | $17.00M | $48.00M | $86.00M | — | $24.00M |
| Segment Corporate And Other | $0.00 | $0.00 | — | — | — | — | — | — |
| Segment Measure Reconciling Items | $0.00 | $0.00 | — | — | — | — | — | — |
| Total | $2.23B | $2.32B | $2.35B | $2.31B | $2.42B | $2.56B | $2.56B | $2.60B |
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.
Deferred Policy Acquisition Costs, Amortization Expense at Other Companies
Frequently Asked Questions
- What is Chubb's deferred policy acquisition costs, amortization expense?
- Chubb (CB) reported deferred policy acquisition costs, amortization expense of $2.60B in Q1 2026.
- How has Chubb's deferred policy acquisition costs, amortization expense changed year-over-year?
- Chubb's deferred policy acquisition costs, amortization expense increased by 12.2% year-over-year, from $2.31B to $2.60B.
- What is the long-term trend for Chubb's deferred policy acquisition costs, amortization expense?
- Over 4 years (2021 to 2025), Chubb's deferred policy acquisition costs, amortization expense has grown at a 9.9% compound annual growth rate (CAGR), from $6.76B to $9.85B.
- What does deferred policy acquisition costs, amortization expense mean?
- The portion of costs spent to acquire new customers that is recognized as an expense during the current period.