CHUBB LTD, PRE 14A filed on 3/23/2026
Proxy Statement - Notice of Shareholders Meeting (preliminary)
v3.26.1
Cover
 12 Months Ended
Dec. 31, 2025
Document Information [Line Items]  
Document Type PRE 14A
Amendment Flag false
Entity Information [Line Items]  
Entity Registrant Name Chubb Limited
Entity Central Index Key 0000896159
v3.26.1
Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
U.S. SEC Pay Versus Performance Disclosure
​
This section sets forth the pay versus performance disclosure for the years 2021-2025 in accordance with SEC regulations. This section also includes certain non-GAAP financial measures, including core operating income, core operating return on equity, core operating return on tangible equity, P&C combined ratio and tangible book value per share growth. More information on the rationale for the use of these measures and reconciliations to U.S. GAAP can be found in “Non-GAAP Financial Measures”.
The following sets forth the tabular pay versus performance disclosure required by SEC regulations, and includes measures that, in the Company’s assessment, are the most important financial performance measures used by the Company to link NEO “compensation actually paid” ​(as defined by SEC regulations) to Company performance for the most recently completed fiscal year.
Pay Versus Performance Table
​
Year
​ ​
Summary
Compensation
Table total for
PEO(a)
 ​ ​
Compensation
actually paid to
PEO(a)(b)
 ​ ​
Average
Summary
Compensation
Table total for
non-PEO named
executive
officers(a)
 ​ ​
Average
compensation
actually paid to
non-PEO named
executive
officers(a)(c)
 ​ ​
Value of initial fixed
$100 investment
based on(d)
​ ​
Chubb net
income
(in millions)
 ​ ​
Core
operating
income
(in millions)
 ​
​
Total
shareholder
return
 ​ ​
Peer group total
shareholder
return
 ​
​ 2025 ​ ​ ​ $ 33,180,582 ​ ​ ​ ​ $ 58,465,778 ​ ​ ​ ​ $ 9,338,482 ​ ​ ​ ​ $ 15,865,717 ​ ​ ​ ​ $ 219.13 ​ ​ ​ ​ $ 228.54 ​ ​ ​ ​ $ 10,310 ​ ​ ​ ​ $ 9,954 ​ ​
​ 2024 ​ ​ ​ $ 30,138,094 ​ ​ ​ ​ $ 55,361,558 ​ ​ ​ ​ $ 8,989,215 ​ ​ ​ ​ $ 15,449,569 ​ ​ ​ ​ $ 191.46 ​ ​ ​ ​ $ 193.19 ​ ​ ​ ​ $ 9,272 ​ ​ ​ ​ $ 9,142 ​ ​
​ 2023 ​ ​ ​ $ 27,661,317 ​ ​ ​ ​ $ 35,703,017 ​ ​ ​ ​ $ 7,867,777 ​ ​ ​ ​ $ 9,453,265 ​ ​ ​ ​ $ 154.54 ​ ​ ​ ​ $ 151.38 ​ ​ ​ ​ $ 9,028 ​ ​ ​ ​ $ 8,202 ​ ​
​ 2022 ​ ​ ​ $ 25,152,070 ​ ​ ​ ​ $ 44,160,566 ​ ​ ​ ​ $ 8,148,565 ​ ​ ​ ​ $ 12,454,746 ​ ​ ​ ​ $ 148.35 ​ ​ ​ ​ $ 142.22 ​ ​ ​ ​ $ 5,246 ​ ​ ​ ​ $ 6,429 ​ ​
​ 2021 ​ ​ ​ $ 23,181,184 ​ ​ ​ ​ $ 42,028,742 ​ ​ ​ ​ $ 7,014,834 ​ ​ ​ ​ $ 10,960,083 ​ ​ ​ ​ $ 127.88 ​ ​ ​ ​ $ 122.68 ​ ​ ​ ​ $ 8,525 ​ ​ ​ ​ $ 5,586 ​ ​
Additional Company Financial Performance Measures
​
Year
​ ​
Core operating
return on equity
 ​ ​
Core operating return
on tangible equity
 ​ ​
P&C combined
ratio
 ​ ​
Tangible book value
per share growth
 ​
​ 2025 ​ ​ ​ ​ 13.7% ​ ​ ​ ​ ​ 20.5% ​ ​ ​ ​ ​ 85.7% ​ ​ ​ ​ ​ 25.7% ​ ​
​ 2024 ​ ​ ​ ​ 13.8% ​ ​ ​ ​ ​ 21.5% ​ ​ ​ ​ ​ 86.6% ​ ​ ​ ​ ​ 14.1% ​ ​
​ 2023 ​ ​ ​ ​ 13.5% ​ ​ ​ ​ ​ 21.2% ​ ​ ​ ​ ​ 86.5% ​ ​ ​ ​ ​ 21.3% ​ ​
​ 2022 ​ ​ ​ ​ 11.1% ​ ​ ​ ​ ​ 17.0% ​ ​ ​ ​ ​ 87.6% ​ ​ ​ ​ ​ -20.4% ​ ​
​ 2021 ​ ​ ​ ​ 9.9% ​ ​ ​ ​ ​ 15.3% ​ ​ ​ ​ ​ 89.1% ​ ​ ​ ​ ​ 7.6% ​ ​
​
(a)
The principal executive officer (PEO) for each year reflected in the table is Evan G. Greenberg, the Company’s Chairman and CEO. The non-PEO NEOs are John W. Keogh; John J. Lupica; Peter C. Enns; Juan Luis Ortega (2023-2025), Sean Ringsted (2023); Paul J. Krump ( 2021-2022); and Philip V. Bancroft (2021).
​
(b)
For Mr. Greenberg, the following are the amounts deducted from and added to the Summary Compensation Table amount to derive the “compensation actually paid” as determined in accordance with SEC regulations:
​
​
Year
​ ​
Summary
Compensation
Table total
 ​ ​
Stock and option
awards granted
during year and
included in the
Summary
Compensation
Table
 ​ ​
Year-end fair value
of stock and option
awards granted
during year and
included in the
Summary
Compensation Table
 ​ ​
Change in fair
value of stock and
option awards
granted in any
prior year
remaining
unvested as of
year-end
 ​ ​
Change in fair
value as of the
vesting date of
stock and option
awards granted in
any prior year
 ​ ​
Year-end fair value
of Premium Award
shares at the end
of three-year
performance
period(1)
 ​ ​
Total
 ​
​ 2025 ​ ​ ​ $ 33,180,582 ​ ​ ​ ​ $ (18,850,128) ​ ​ ​ ​ $ 20,309,648 ​ ​ ​ ​ $ 5,126,057 ​ ​ ​ ​ $ (1,204,273) ​ ​ ​ ​ $ 19,903,892 ​ ​ ​ ​ $ 58,465,778 ​ ​
​ 2024 ​ ​ ​ $ 30,138,094 ​ ​ ​ ​ $ (17,350,017) ​ ​ ​ ​ $ 18,811,057 ​ ​ ​ ​ $ 7,775,398 ​ ​ ​ ​ $ 5,497,020 ​ ​ ​ ​ $ 10,490,006 ​ ​ ​ ​ $ 55,361,558 ​ ​
​ 2023 ​ ​ ​ $ 27,661,317 ​ ​ ​ ​ $ (15,650,006) ​ ​ ​ ​ $ 16,955,424 ​ ​ ​ ​ $ 423,109 ​ ​ ​ ​ $ (2,704,453) ​ ​ ​ ​ $ 9,017,626 ​ ​ ​ ​ $ 35,703,017 ​ ​
​ 2022 ​ ​ ​ $ 25,152,070 ​ ​ ​ ​ $ (14,647,433) ​ ​ ​ ​ $ 18,365,019 ​ ​ ​ ​ $ 6,082,084 ​ ​ ​ ​ $ 1,955,057 ​ ​ ​ ​ $ 7,253,769 ​ ​ ​ ​ $ 44,160,566 ​ ​
​ 2021 ​ ​ ​ $ 23,181,184 ​ ​ ​ ​ $ (13,121,951) ​ ​ ​ ​ $ 16,059,140 ​ ​ ​ ​ $ 7,561,095 ​ ​ ​ ​ $ 1,856,572 ​ ​ ​ ​ $ 6,492,703 ​ ​ ​ ​ $ 42,028,742 ​ ​
​
(1)
Reflects year-end fair value of performance share Premium Awards at the end of the three-year performance period based on the probable outcome of satisfaction of performance criteria consistent with the fair value methodology to account for Premium Awards for financial reporting purposes in accordance with U.S. GAAP. For 2025, 2024, 2023, 2022 and 2021, the table reflects performance share Premium Awards granted in 2023, 2022, 2021, 2020 and 2019, respectively.
​
(c)
For the other NEOs, the following are the amounts deducted from and added to the Summary Compensation Table amount to derive the “average compensation actually paid” as determined in accordance with SEC regulations:
​
​
Year
​ ​
Summary
Compensation
Table total
 ​ ​
Stock and option
awards granted
during year and
included in the
Summary
Compensation
Table
 ​ ​
Year-end fair value
of stock and option
awards granted
during year and
included in the
Summary
Compensation Table
 ​ ​
Change in fair
value of stock and
option awards
granted in any
prior year
remaining
unvested as of
year-end
 ​ ​
Change in fair
value as of the
vesting date of
stock and option
awards granted in
any prior year
 ​ ​
Year-end fair value
of Premium Award
shares at the end
of three-year
performance
period(1)
 ​ ​
Total
 ​
​ 2025 ​ ​ ​ $ 9,338,482 ​ ​ ​ ​ $ (5,143,880) ​ ​ ​ ​ $ 5,542,159 ​ ​ ​ ​ $ 1,373,613 ​ ​ ​ ​ $ (295,695) ​ ​ ​ ​ $ 5,051,038 ​ ​ ​ ​ $ 15,865,717 ​ ​
​ 2024 ​ ​ ​ $ 8,989,215 ​ ​ ​ ​ $ (4,722,436) ​ ​ ​ ​ $ 5,150,896 ​ ​ ​ ​ $ 2,070,807 ​ ​ ​ ​ $ 1,274,426 ​ ​ ​ ​ $ 2,686,661 ​ ​ ​ ​ $ 15,449,569 ​ ​
​ 2023 ​ ​ ​ $ 7,867,777 ​ ​ ​ ​ $ (3,829,366) ​ ​ ​ ​ $ 4,169,896 ​ ​ ​ ​ $ 95,118 ​ ​ ​ ​ $ (494,626) ​ ​ ​ ​ $ 1,644,466 ​ ​ ​ ​ $ 9,453,265 ​ ​
​ 2022 ​ ​ ​ $ 8,148,565 ​ ​ ​ ​ $ (4,134,431) ​ ​ ​ ​ $ 5,183,762 ​ ​ ​ ​ $ 1,497,256 ​ ​ ​ ​ $ 459,212 ​ ​ ​ ​ $ 1,300,382 ​ ​ ​ ​ $ 12,454,746 ​ ​
​ 2021 ​ ​ ​ $ 7,014,834 ​ ​ ​ ​ $ (3,592,519) ​ ​ ​ ​ $ 4,424,191 ​ ​ ​ ​ $ 1,545,637 ​ ​ ​ ​ $ 357,278 ​ ​ ​ ​ $ 1,210,662 ​ ​ ​ ​ $ 10,960,083 ​ ​
​
(1)
Reflects year-end fair value of performance share Premium Awards at the end of the three-year performance period based on the probable outcome of satisfaction of performance criteria consistent with the fair value methodology to account for Premium Awards for financial reporting purposes in accordance with U.S. GAAP. For 2025, 2024, 2023, 2022 and 2021, the table reflects performance share Premium Awards granted in 2023, 2022, 2021, 2020 and 2019, respectively.
​
(d)
For purposes of calculating cumulative total shareholder return (TSR) of the Company and peer group, (i) 2025 TSR is based on 2021-2025 results; (ii) 2024 TSR is based on 2021-2024 results; (iii) 2023 TSR is based on 2021-2023 results; (iv) 2022 TSR is based on 2021-2022 results; and (v) 2021 TSR is based on 2021 results. The peer group used in this table is the Company’s Financial Performance Peer Group for TSR comparative purposes described elsewhere in this proxy statement. These companies for each period presented are The Allstate Corporation, American International Group, Inc., CNA Financial Corporation, The Hartford Financial Services Group, Inc., The Travelers Companies, Inc. and Zurich Insurance Group. The TSR of each company in the peer group has been weighted according to its respective stock market capitalization at the beginning of each period for which a TSR is provided. Calculations for both the Company and peer group include reinvested dividends.
       
Company Selected Measure Name Coreoperatingincome        
Named Executive Officers, Footnote
(a)
The principal executive officer (PEO) for each year reflected in the table is Evan G. Greenberg, the Company’s Chairman and CEO. The non-PEO NEOs are John W. Keogh; John J. Lupica; Peter C. Enns; Juan Luis Ortega (2023-2025), Sean Ringsted (2023); Paul J. Krump ( 2021-2022); and Philip V. Bancroft (2021).
       
Peer Group Issuers, Footnote
(d)
For purposes of calculating cumulative total shareholder return (TSR) of the Company and peer group, (i) 2025 TSR is based on 2021-2025 results; (ii) 2024 TSR is based on 2021-2024 results; (iii) 2023 TSR is based on 2021-2023 results; (iv) 2022 TSR is based on 2021-2022 results; and (v) 2021 TSR is based on 2021 results. The peer group used in this table is the Company’s Financial Performance Peer Group for TSR comparative purposes described elsewhere in this proxy statement. These companies for each period presented are The Allstate Corporation, American International Group, Inc., CNA Financial Corporation, The Hartford Financial Services Group, Inc., The Travelers Companies, Inc. and Zurich Insurance Group. The TSR of each company in the peer group has been weighted according to its respective stock market capitalization at the beginning of each period for which a TSR is provided. Calculations for both the Company and peer group include reinvested dividends.
       
PEO Total Compensation Amount $ 33,180,582 $ 30,138,094 $ 27,661,317 $ 25,152,070 $ 23,181,184
PEO Actually Paid Compensation Amount $ 58,465,778 55,361,558 35,703,017 44,160,566 42,028,742
Adjustment To PEO Compensation, Footnote
(b)
For Mr. Greenberg, the following are the amounts deducted from and added to the Summary Compensation Table amount to derive the “compensation actually paid” as determined in accordance with SEC regulations:
​
​
Year
​ ​
Summary
Compensation
Table total
 ​ ​
Stock and option
awards granted
during year and
included in the
Summary
Compensation
Table
 ​ ​
Year-end fair value
of stock and option
awards granted
during year and
included in the
Summary
Compensation Table
 ​ ​
Change in fair
value of stock and
option awards
granted in any
prior year
remaining
unvested as of
year-end
 ​ ​
Change in fair
value as of the
vesting date of
stock and option
awards granted in
any prior year
 ​ ​
Year-end fair value
of Premium Award
shares at the end
of three-year
performance
period(1)
 ​ ​
Total
 ​
​ 2025 ​ ​ ​ $ 33,180,582 ​ ​ ​ ​ $ (18,850,128) ​ ​ ​ ​ $ 20,309,648 ​ ​ ​ ​ $ 5,126,057 ​ ​ ​ ​ $ (1,204,273) ​ ​ ​ ​ $ 19,903,892 ​ ​ ​ ​ $ 58,465,778 ​ ​
​ 2024 ​ ​ ​ $ 30,138,094 ​ ​ ​ ​ $ (17,350,017) ​ ​ ​ ​ $ 18,811,057 ​ ​ ​ ​ $ 7,775,398 ​ ​ ​ ​ $ 5,497,020 ​ ​ ​ ​ $ 10,490,006 ​ ​ ​ ​ $ 55,361,558 ​ ​
​ 2023 ​ ​ ​ $ 27,661,317 ​ ​ ​ ​ $ (15,650,006) ​ ​ ​ ​ $ 16,955,424 ​ ​ ​ ​ $ 423,109 ​ ​ ​ ​ $ (2,704,453) ​ ​ ​ ​ $ 9,017,626 ​ ​ ​ ​ $ 35,703,017 ​ ​
​ 2022 ​ ​ ​ $ 25,152,070 ​ ​ ​ ​ $ (14,647,433) ​ ​ ​ ​ $ 18,365,019 ​ ​ ​ ​ $ 6,082,084 ​ ​ ​ ​ $ 1,955,057 ​ ​ ​ ​ $ 7,253,769 ​ ​ ​ ​ $ 44,160,566 ​ ​
​ 2021 ​ ​ ​ $ 23,181,184 ​ ​ ​ ​ $ (13,121,951) ​ ​ ​ ​ $ 16,059,140 ​ ​ ​ ​ $ 7,561,095 ​ ​ ​ ​ $ 1,856,572 ​ ​ ​ ​ $ 6,492,703 ​ ​ ​ ​ $ 42,028,742 ​ ​
​
(1)
Reflects year-end fair value of performance share Premium Awards at the end of the three-year performance period based on the probable outcome of satisfaction of performance criteria consistent with the fair value methodology to account for Premium Awards for financial reporting purposes in accordance with U.S. GAAP. For 2025, 2024, 2023, 2022 and 2021, the table reflects performance share Premium Awards granted in 2023, 2022, 2021, 2020 and 2019, respectively.
       
Non-PEO NEO Average Total Compensation Amount $ 9,338,482 8,989,215 7,867,777 8,148,565 7,014,834
Non-PEO NEO Average Compensation Actually Paid Amount $ 15,865,717 15,449,569 9,453,265 12,454,746 10,960,083
Adjustment to Non-PEO NEO Compensation Footnote
(c)
For the other NEOs, the following are the amounts deducted from and added to the Summary Compensation Table amount to derive the “average compensation actually paid” as determined in accordance with SEC regulations:
​
​
Year
​ ​
Summary
Compensation
Table total
 ​ ​
Stock and option
awards granted
during year and
included in the
Summary
Compensation
Table
 ​ ​
Year-end fair value
of stock and option
awards granted
during year and
included in the
Summary
Compensation Table
 ​ ​
Change in fair
value of stock and
option awards
granted in any
prior year
remaining
unvested as of
year-end
 ​ ​
Change in fair
value as of the
vesting date of
stock and option
awards granted in
any prior year
 ​ ​
Year-end fair value
of Premium Award
shares at the end
of three-year
performance
period(1)
 ​ ​
Total
 ​
​ 2025 ​ ​ ​ $ 9,338,482 ​ ​ ​ ​ $ (5,143,880) ​ ​ ​ ​ $ 5,542,159 ​ ​ ​ ​ $ 1,373,613 ​ ​ ​ ​ $ (295,695) ​ ​ ​ ​ $ 5,051,038 ​ ​ ​ ​ $ 15,865,717 ​ ​
​ 2024 ​ ​ ​ $ 8,989,215 ​ ​ ​ ​ $ (4,722,436) ​ ​ ​ ​ $ 5,150,896 ​ ​ ​ ​ $ 2,070,807 ​ ​ ​ ​ $ 1,274,426 ​ ​ ​ ​ $ 2,686,661 ​ ​ ​ ​ $ 15,449,569 ​ ​
​ 2023 ​ ​ ​ $ 7,867,777 ​ ​ ​ ​ $ (3,829,366) ​ ​ ​ ​ $ 4,169,896 ​ ​ ​ ​ $ 95,118 ​ ​ ​ ​ $ (494,626) ​ ​ ​ ​ $ 1,644,466 ​ ​ ​ ​ $ 9,453,265 ​ ​
​ 2022 ​ ​ ​ $ 8,148,565 ​ ​ ​ ​ $ (4,134,431) ​ ​ ​ ​ $ 5,183,762 ​ ​ ​ ​ $ 1,497,256 ​ ​ ​ ​ $ 459,212 ​ ​ ​ ​ $ 1,300,382 ​ ​ ​ ​ $ 12,454,746 ​ ​
​ 2021 ​ ​ ​ $ 7,014,834 ​ ​ ​ ​ $ (3,592,519) ​ ​ ​ ​ $ 4,424,191 ​ ​ ​ ​ $ 1,545,637 ​ ​ ​ ​ $ 357,278 ​ ​ ​ ​ $ 1,210,662 ​ ​ ​ ​ $ 10,960,083 ​ ​
​
(1)
Reflects year-end fair value of performance share Premium Awards at the end of the three-year performance period based on the probable outcome of satisfaction of performance criteria consistent with the fair value methodology to account for Premium Awards for financial reporting purposes in accordance with U.S. GAAP. For 2025, 2024, 2023, 2022 and 2021, the table reflects performance share Premium Awards granted in 2023, 2022, 2021, 2020 and 2019, respectively.
       
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: lc_cummtotal-pn.jpg]        
Compensation Actually Paid vs. Net Income [MISSING IMAGE: bc_netincome-pn.jpg]        
Compensation Actually Paid vs. Company Selected Measure [MISSING IMAGE: bc_netincome-pn.jpg]        
Total Shareholder Return Vs Peer Group [MISSING IMAGE: lc_cummtotal-pn.jpg]        
Tabular List, Table
​
Most Important Financial Performance 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
 ​
       
Total Shareholder Return Amount $ 219.13 191.46 154.54 148.35 127.88
Peer Group Total Shareholder Return Amount 228.54 193.19 151.38 142.22 122.68
Net Income (Loss) $ 10,310,000,000 $ 9,272,000,000 $ 9,028,000,000 $ 5,246,000,000 $ 8,525,000,000
Company Selected Measure Amount 9,954,000,000 9,142,000,000 8,202,000,000 6,429,000,000 5,586,000,000
PEO Name Evan G. Greenberg        
Measure:: 1          
Pay vs Performance Disclosure          
Name Core operating income        
Measure:: 2          
Pay vs Performance Disclosure          
Compensation Actually Paid vs. Other Measure [MISSING IMAGE: lc_coreop-pn.jpg]        
Other Performance Measure, Amount 0.137 0.138 0.135 0.111 0.099
Name Core operating return on equity        
Measure:: 3          
Pay vs Performance Disclosure          
Compensation Actually Paid vs. Other Measure [MISSING IMAGE: lc_coreop-pn.jpg]        
Other Performance Measure, Amount 0.205 0.215 0.212 0.17 0.153
Name Core operating return on tangible equity        
Measure:: 4          
Pay vs Performance Disclosure          
Compensation Actually Paid vs. Other Measure [MISSING IMAGE: lc_pccombined-pn.jpg]        
Other Performance Measure, Amount 0.857 0.866 0.865 0.876 0.891
Name P&C combined ratio        
Measure:: 5          
Pay vs Performance Disclosure          
Compensation Actually Paid vs. Other Measure [MISSING IMAGE: lc_tanbook-pn.jpg]        
Other Performance Measure, Amount 0.257 0.141 0.213 (0.204) 0.076
Name Tangible book value per share growth        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (18,850,128) $ (17,350,017) $ (15,650,006) $ (14,647,433) $ (13,121,951)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 20,309,648 18,811,057 16,955,424 18,365,019 16,059,140
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,126,057 7,775,398 423,109 6,082,084 7,561,095
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,204,273) 5,497,020 (2,704,453) 1,955,057 1,856,572
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 19,903,892 10,490,006 9,017,626 7,253,769 6,492,703
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (5,143,880) (4,722,436) (3,829,366) (4,134,431) (3,592,519)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,542,159 5,150,896 4,169,896 5,183,762 4,424,191
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,373,613 2,070,807 95,118 1,497,256 1,545,637
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (295,695) 1,274,426 (494,626) 459,212 357,278
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 5,051,038 $ 2,686,661 $ 1,644,466 $ 1,300,382 $ 1,210,662
v3.26.1
Award Timing Disclosure
 12 Months Ended
Dec. 31, 2025
Award Timing Disclosures [Line Items]  
Award Timing MNPI Disclosure
The Compensation Committee grants long-term equity awards annually on a predetermined schedule. The awards are approved on the day of the annual February Board of Directors meeting, with a grant date of the Monday following the meeting. The grant date is approximately three to four weeks following the public disclosure of the Company’s year-end financial results. The Compensation Committee does not grant equity awards in anticipation of the release of material nonpublic information, and does not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.
From time to time, the Compensation Committee may make off-cycle grants to officers to recognize mid-year promotions or other circumstances. Officers who join the Company after February in a given year may be granted equity awards following their start date.
The number of shares to be covered by a performance-based or time-based equity grant is based on the closing price of our Common Shares on the NYSE on the grant date. For option grants, the option exercise price is the closing price of our Common Shares on the grant date. To determine the number of shares for an option award, we use a notional Black-Scholes option value of 25% of the stock price, calculated in each case at the time that we granted the option. Each of our NEO’s annual equity awards granted in 2026 (for 2025 performance) and 2025 (for 2024 performance) comprised solely performance-based equity awards
Award Timing Method The awards are approved on the day of the annual February Board of Directors meeting, with a grant date of the Monday following the meeting. The grant date is approximately three to four weeks following the public disclosure of the Company’s year-end financial results. The Compensation Committee does not grant equity awards in anticipation of the release of material nonpublic information, and does not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.
From time to time, the Compensation Committee may make off-cycle grants to officers to recognize mid-year promotions or other circumstances. Officers who join the Company after February in a given year may be granted equity awards following their start date.
The number of shares to be covered by a performance-based or time-based equity grant is based on the closing price of our Common Shares on the NYSE on the grant date. For option grants, the option exercise price is the closing price of our Common Shares on the grant date. To determine the number of shares for an option award, we use a notional Black-Scholes option value of 25% of the stock price, calculated in each case at the time that we granted the option. Each of our NEO’s annual equity awards granted in 2026 (for 2025 performance) and 2025 (for 2024 performance) comprised solely performance-based equity awards.
Award Timing Predetermined true
Award Timing MNPI Considered false
Award Timing, How MNPI Considered The Compensation Committee does not grant equity awards in anticipation of the release of material nonpublic information,
MNPI Disclosure Timed for Compensation Value false
v3.26.1
Insider Trading Policies and Procedures
 12 Months Ended
Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true