The 2025 Wealth Report

To better understand the risks faced by wealthy North Americans, Chubb conducted its third survey of high-net-worth individuals. This series of annual wealth reports provides a view into how affluent individuals and families regard their wealth, what they value, and how they are protecting their assets and legacies.

Key statistics

Wealthy North Americans are entering a period of paradox, buoyed by their confidence in economic opportunities ahead while also mindful of the evolving risks they face.

91%
of respondents are concerned about the effects of climate change on their property, with almost half saying they are “considerably” or “greatly” concerned.
81%
of those surveyed do not carry excess liability insurance, and 78% of those who do have policy limits of $3 million or less
#1
Cybersecurity is the issue most likely to keep affluent respondents up at night.
77%
of those who plan to acquire valuables do not plan to insure them.
OVERVIEW

The resilient mindset

This year’s survey reflects the characteristic optimism of wealthy North Americans as recorded over the past three years. Beneath that optimism, however, lies a growing awareness that wealth alone cannot guarantee security.

 

Get a quick summary of the report’s top takeaways here, then download it for yourself.

Spending plans this year: More travel, less real estate

The report highlights a marked shift in how wealthy North Americans are planning their spending.

Turning risk awareness into advantage

High optimism, new worries

The wealthy North Americans who answered our survey have a positive financial outlook for the year ahead, albeit one with a few looming clouds. 

 

Two thirds say there are more opportunities to build wealth now than ever before, and an inspiring 79% believe the economy will grow over the next 12 months.

Tangible and intangible risks

Loss of investment value, economic competitiveness and inflation remain the top risks to wealth, as reported by our respondents. Cybersecurity has surpassed healthcare and pandemics as the top global concern. 

 

Climate volatility and extreme weather remain persistent worries, especially for those with property and collections to protect.

More travel, less real estate

Fewer respondents than last year plan to increase their spending on real estate and collections, with Gen Z and millennial respondents in particular reporting little appetite for discretionary spending on these. 

 

Travel is a different story, however: Respondents across the board intend to hit the road, sea and airways in a big way in 2026. 

Insuring what matters most

Most of those surveyed are leaving themselves exposed to potential liability risk—a particular worry for boat owners. A majority of collectors are forgoing insurance on new acquisitions. 

 

A significant number of high-net-worth individuals have yet to write a will. Nearly three fourths of them do not have an estate plan, including those with assets over $25 million.

Choosing an insurance company: What matters most to wealthy clients

When it comes to choosing an insurer, survey respondents indicated that price is not the most important consideration.

Download the report

Get the full story

Download the full report now and find out:

  • The outlook for wealth creation and economic growth in the year ahead
  • The rising threats of cybersecurity and climate volatility
  • Critical gaps in estate planning and liability insurance protection