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Chubb
(NYSE:CB)
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Rating:81Outperform
Price Target:
$410.00
▲(23.93% Upside)
Action:Reiterated
Date:07/22/26
CB scores well primarily on strong financial performance (profitability, growth in revenue/net income, and healthy ROE) and a supportive earnings update with strong underwriting/investment results and a large new repurchase authorization. Technicals also reinforce the outlook with an established uptrend. Valuation is reasonable (P/E 12.38) but partly offset by a modest dividend yield and earnings-call risks around softening pricing, catastrophe losses, reserves, and reinsurance costs.
Positive Factors
Diversified global growth
Chubb’s diversified geographic and product mix reduces dependency on any single market, smoothing earnings across cycles. Durable regional growth in faster markets (LATAM, Asia) and resilience in U.S. small/mid markets support sustained premium expansion and long‑term franchise value.
Negative Factors
Softening property & casualty pricing
Weakening pricing in property and segments of casualty erodes rate adequacy, compresses margins, and raises the bar for underwriting profitability. If persistent, these trends can force higher underwriting discipline, reduce premium growth, and weigh on long‑term combined ratios and returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified global growth
Chubb’s diversified geographic and product mix reduces dependency on any single market, smoothing earnings across cycles. Durable regional growth in faster markets (LATAM, Asia) and resilience in U.S. small/mid markets support sustained premium expansion and long‑term franchise value.
Read all positive factors
Chubb Key Performance Indicators (KPIs)
Any
Net Premiums
Net Premiums measure the total revenue Chubb earns from insurance policies after deducting reinsurance costs. This is a key indicator of the company's ability to generate income from its core business operations, reflecting its market position and growth potential in the insurance industry.
Net Premiums measure the total revenue Chubb earns from insurance policies after deducting reinsurance costs. This is a key indicator of the company's ability to generate income from its core business operations, reflecting its market position and growth potential in the insurance industry.
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The Fly
The FlyChubb (CB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$133.13B
Dividend Yield1.11%
Average Volume (3M)1.70M
Price to Earnings (P/E)12.4
Beta (1Y)0.14
Revenue Growth8.25%
EPS GrowthN/A
CountryUS
Employees45,000
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)28.47
Shares Outstanding387,860,100
10 Day Avg. Volume1,869,466
30 Day Avg. Volume1,699,844
Financial Highlights & Ratios
PEG Ratio0.93
Price to Book (P/B)1.68
Price to Sales (P/S)2.07
P/FCF Ratio8.51
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$367.53Price Target Upside11.09% Upside
Rating ConsensusHold
Number of Analyst Covering20
EPS Forecast (FY)27.44
Revenue Forecast (FY)$58.62B
Chubb Business Overview & Revenue Model
Company Description
Chubb Limited, headquartered in Zurich, Switzerland, is a global insurer and reinsurer, offering a broad spectrum of products across various markets. In North America, its Commercial Property & Casualty (P&C) division caters to businesses of all s...
How the Company Makes Money
Chubb primarily makes money through (1) underwriting income and (2) investment income, with additional contributions from fees and other income tied to insurance services.
1) Underwriting income (core insurance operations)
- Premiums: Chubb colle...
Chubb Earnings Call Summary
Earnings Call Date:Jul 21, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 27, 2026
Earnings Call Sentiment Positive
The call presented a strong set of operating and investment results — robust core operating earnings, record investment income, tangible book value growth, diversified top-line growth, and active capital returns. These positive fundamentals were balanced against notable market pressures: softening casualty pricing, significant deterioration in property pricing (impacting major account/E&S), weather-related CAT losses, some adverse runoff development, reserve increases, and higher reinsurance spend. Management emphasized diversification, underwriting discipline, and confidence in delivering continued earnings and tangible book growth despite competitive and pricing headwinds.Positive Updates
Strong Core Operating Earnings and EPS Growth
Core operating earnings of $2.8 billion, or $7.26 per share, up 14.6% and 18.2% year-over-year, respectively, demonstrating solid underlying profitability.
Negative Updates
Softening Market Conditions and Casualty Pricing Pressure
Management noted soft market conditions spreading beyond property into casualty. U.S. casualty loss costs cited as rising ~6%-7% for primary casualty and ~9.5%-12% for excess, with pricing in numerous casualty areas failing to keep pace with loss cost inflation.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Core Operating Earnings and EPS Growth
Core operating earnings of $2.8 billion, or $7.26 per share, up 14.6% and 18.2% year-over-year, respectively, demonstrating solid underlying profitability.
Read all positive updates
Company Guidance
The company reiterated formal guidance that its full‑year core operating effective tax rate should be in the 19.5%–20.0% range and noted adjusted net investment income finished above its prior guidance; it also announced a new $7.5 billion share repurchase authorization effective July 1. Key metrics cited in support of that outlook included core operating earnings of $2.8 billion ($7.26 per share, up 14.6% and 18.2% year‑over‑year), tangible book value per share up 17.1% YoY, annualized core operating return on tangible equity of 21.2% and core operating ROE of 14.5%; invested assets of $175 billion (A‑rated portfolio $173 billion, +$2.5 billion qtr); record adjusted net investment income of $1.88 billion (fixed‑income yield 5.1%, new‑money/reinvestment rate 5.5%), adjusted operating cash flows of ~$3.5 billion in the quarter (~$16 billion TTM), $2.2 billion of debt issued at a 4.2% weighted average cost (7.5‑yr average term), and capital returns this quarter of $1.4 billion (including $979 million repurchases at an average $327.18/share and $395 million of dividends); reserve and underwriting metrics highlighted included pre‑tax CATs $475 million, favorable prior‑period development $441 million, paid‑to‑incurred 90% (86% excluding CATs/PPD/agriculture), net loss reserves near $69 billion (+4% YoY), and book value of $75 billion ($195.45/share).Chubb Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
82
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 61.15B | 59.78B | 56.15B | 50.13B | 42.98B | 40.77B |
| Gross Profit | 21.52B | 17.61B | 16.17B | 13.84B | 10.83B | 11.33B |
| EBITDA | 12.46B | 14.11B | 12.52B | 10.51B | 7.34B | 10.57B |
| Net Income | 11.30B | 10.31B | 9.27B | 9.03B | 5.25B | 8.53B |
Balance Sheet | ||||||
| Total Assets | 275.46B | 272.33B | 246.55B | 230.68B | 199.02B | 200.05B |
| Cash, Cash Equivalents and Short-Term Investments | 43.37B | 42.59B | 39.19B | 33.79B | 25.79B | 97.91B |
| Total Debt | 17.89B | 17.65B | 15.60B | 14.49B | 14.88B | 16.17B |
| Total Liabilities | 195.54B | 192.55B | 178.15B | 166.99B | 148.50B | 140.34B |
| Stockholders Equity | 73.79B | 73.76B | 64.02B | 59.51B | 50.52B | 59.71B |
Cash Flow | ||||||
| Free Cash Flow | 15.90B | 14.54B | 16.18B | 12.63B | 11.26B | 11.15B |
| Operating Cash Flow | 15.90B | 14.54B | 16.18B | 12.63B | 11.26B | 11.15B |
| Investing Cash Flow | -14.00B | -12.98B | -13.92B | -7.65B | -5.65B | -6.66B |
| Financing Cash Flow | -1.68B | -1.85B | -2.18B | -4.49B | -5.14B | -4.41B |
Chubb Technical Analysis
Positive
330.83
Price Trends
333.28
Positive
329.70
Positive
314.85
Positive
Market Momentum
4.72
Positive
56.53
Neutral
75.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CB, the sentiment is Positive. The current price of 330.83 is below the 20-day moving average (MA) of 348.69, below the 50-day MA of 333.28, and above the 200-day MA of 314.85, indicating a bullish trend. The MACD of 4.72 indicates Positive momentum. The RSI at 56.53 is Neutral, neither overbought nor oversold. The STOCH value of 75.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CB.
Chubb Risk Analysis
Chubb disclosed 38 risk factors in its most recent earnings report. Chubb reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Chubb Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | $64.83B | 5.55 | 42.71% | 1.91% | 4.40% | 209.62% | |
81 Outperform | $133.13B | 12.41 | 15.65% | 1.22% | 8.25% | ― | |
81 Outperform | $77.61B | 9.93 | 25.62% | 1.49% | 2.39% | 65.13% | |
78 Outperform | $26.94B | 15.02 | 25.68% | 1.88% | 26.07% | 10.55% | |
75 Outperform | $119.52B | 10.36 | 35.54% | 2.20% | 10.49% | 12.21% | |
68 Neutral | $24.33B | 14.08 | 9.84% | ― | 2.96% | 1.82% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
CB
Chubb
353.25
86.47
32.41%
ALL
Allstate
254.52
64.41
33.88%
MKL
Markel
1,961.57
-41.88
-2.09%
PGR
Progressive
207.07
-25.22
-10.86%
TRV
Travelers Companies
376.37
118.48
45.94%
WRB
W. R. Berkley Corporation
73.43
6.74
10.10%
Chubb Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Chubb Prices Dual-Tranche Canadian-Dollar Senior Notes Offering
Positive
Jun 10, 2026
On June 4, 2026, Chubb INA Holdings LLC priced a public offering of C$400 million in 3.780% Senior Notes due 2031 and C$400 million in 4.034% Senior Notes due 2033, with both tranches fully and unconditionally guaranteed by parent company Chubb Li...
Business Operations and StrategyDividendsFinancial DisclosuresShareholder Meetings
Chubb Shareholders Approve Governance, Capital Flexibility at AGM
Positive
May 22, 2026
Chubb Limited convened its annual general meeting on May 21, 2026, where shareholders approved the 2025 management report and financial statements, the allocation of disposable profit and a dividend from legal reserves, and granted discharge to th...
Private Placements and Financing
Chubb INA Issues $1 Billion Senior Notes Offering
Neutral
May 20, 2026
On May 18, 2026, Chubb INA Holdings LLC agreed to sell $1 billion of 5.300% Senior Notes due 2036 in a public offering, with the notes fully and unconditionally guaranteed by Chubb Limited. The issuance underscores the group’s continued use ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.