Chubb Ltd (CB)
NYSE:CB
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Chubb
(NYSE:CB)
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Rating:79Outperform
Price Target:
$378.00
▲(14.26% Upside)
Action:Reiterated
Date:05/23/26
CB’s score is driven primarily by strong financial performance (high profitability, expanding revenue and earnings, and robust cash generation) and a positive earnings outlook reinforced by management’s guidance and disciplined underwriting actions. Technicals are supportive with the stock trading above key moving averages, while valuation (P/E ~13.9 and ~1.17% yield) is reasonable but not a standout catalyst. The main offsets are market-cycle risks flagged on the call (property pricing softness and competition) and reduced clarity from a few missing/invalid leverage/cash coverage fields in the provided data.
Positive Factors
Strong underwriting profitability
Chubb’s persistently high underwriting margins and low combined ratio (excluding catastrophes) reflect disciplined pricing, effective claims management and diversified product mix. These durable underwriting strengths support sustainable earnings and capital generation across insurance cycles over the next several months.
Negative Factors
Accelerating property pricing deterioration
Rapid declines in large-account and shared-layered property pricing compress underwriting margins and limit profitable new business opportunities. If pricing weakness persists, the firm may continue to shrink poorly priced exposure, constraining top-line growth and increasing reliance on selective placement.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong underwriting profitability
Chubb’s persistently high underwriting margins and low combined ratio (excluding catastrophes) reflect disciplined pricing, effective claims management and diversified product mix. These durable underwriting strengths support sustainable earnings and capital generation across insurance cycles over the next several months.
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.
Data provided by:
The Fly
The FlyChubb (CB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$121.98B
Dividend Yield1.22%
Average Volume (3M)1.68M
Price to Earnings (P/E)11.4
Beta (1Y)0.15
Revenue Growth8.26%
EPS Growth35.89%
CountryUS
Employees43,000
SectorFinancial
Sector Strength70
IndustryInsurance - Property & Casualty
Share Statistics
EPS (TTM)28.47
Shares Outstanding387,860,100
10 Day Avg. Volume1,894,549
30 Day Avg. Volume1,676,937
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 Cap1.11
Enterprise Value/Revenue2.22
Enterprise Value/Gross Profit6.31
Enterprise Value/Ebitda10.96
Forecast
1Y Price Target
$345.82Price Target Upside4.53% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering18
EPS Forecast (FY)27.1
Revenue Forecast (FY)$58.59B
Chubb Business Overview & Revenue Model
Company Description
Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, mari...
How the Company Makes Money
Chubb primarily makes money through (1) underwriting insurance and (2) investing the premiums it holds (its investment portfolio/“float”), with additional income from fees and services related to its insurance operations.
1) Underwriting income (...
Chubb Earnings Call Summary
Earnings Call Date:Apr 21, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 28, 2026
Earnings Call Sentiment Positive
The call presented a strong quarter with multiple positive financial and operating metrics: substantial core operating earnings, double-digit premium growth, robust investment income and high returns on tangible equity, coupled with active capital returns and favorable reserve development. However, the company also flagged meaningful market challenges—notably accelerating property pricing deterioration in large account/shared/layered segments, heightened competition in London and E&S channels driven by alternative capital and MGAs, a $500 million quarter of catastrophe losses, and $1.6 billion of unrealized investment markdowns. Management emphasized disciplined underwriting and balance-sheet strength as mitigants and signaled deliberate risk management actions (including shrinking poorly priced property exposure and opportunistic reinsurance). On balance, the positive operational and capital results in the quarter outweigh the near-term market and macro headwinds called out by management.Positive Updates
Strong Core Operating Earnings
Core operating earnings of $2.7 billion, or $6.82 per share, both up substantially year-over-year; excluding catastrophe losses, core operating income rose 10.7% and EPS rose 13.5%.
Negative Updates
Property Pricing Weakness and Accelerating Softness
Property pricing weakness in key markets: North America property pricing down 2.6% overall; for shared and layered major/specialty property written by Chubb, pricing down 14.3%. Market pricing for business they passed on was down 30%–40%, and company noted pricing declines in shared/layered property accelerating toward ~25%–30% in the quarter.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Core Operating Earnings
Core operating earnings of $2.7 billion, or $6.82 per share, both up substantially year-over-year; excluding catastrophe losses, core operating income rose 10.7% and EPS rose 13.5%.
Read all positive updates
Company Guidance
Management's forward-looking guidance included Q2 adjusted net investment income of $1.825–$1.85 billion (after Q1 adjusted NII of $1.84 billion and invested assets near $173 billion) and a full‑year core operating effective tax rate of 19.5%–20% (Q1 was 19.3%); they also reiterated expectations to continue generating strong growth in operating earnings, double‑digit EPS growth and double‑digit tangible book value growth, citing current annualized core operating return on tangible equity of 20.6% and core operating ROE of 14% as context.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 | 12.39B | 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 | 2.63B | 42.59B | 39.19B | 33.79B | 25.79B | 97.91B |
| Total Debt | 17.47B | 17.65B | 15.29B | 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
324.55
Positive
322.97
Positive
305.15
Positive
Market Momentum
-2.37
Positive
55.80
Neutral
42.11
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 above the 20-day moving average (MA) of 320.94, above the 50-day MA of 324.55, and above the 200-day MA of 305.15, indicating a bullish trend. The MACD of -2.37 indicates Positive momentum. The RSI at 55.80 is Neutral, neither overbought nor oversold. The STOCH value of 42.11 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 | $62.40B | 8.58 | 24.14% | 1.49% | 4.12% | 83.05% | |
80 Outperform | $54.27B | 4.72 | 42.71% | 1.91% | 4.40% | 209.62% | |
79 Outperform | $121.98B | 11.39 | 15.65% | 1.22% | 8.26% | 35.89% | |
77 Outperform | $24.69B | 14.33 | 19.48% | 1.88% | 6.61% | 9.14% | |
74 Outperform | $114.17B | 10.34 | 35.45% | 2.20% | 13.89% | 32.56% | |
68 Neutral | $22.25B | 11.52 | 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
326.27
40.19
14.05%
ALL
Allstate
221.01
24.20
12.30%
MKL
Markel
1,818.67
-124.91
-6.43%
PGR
Progressive
204.02
-50.75
-19.92%
TRV
Travelers Companies
303.25
39.65
15.04%
WRB
W. R. Berkley Corporation
68.57
-2.28
-3.21%
Chubb Corporate Events
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 ...
Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Chubb Reduces Share Capital Through Treasury Share Cancellation
Positive
Mar 12, 2026
On March 10, 2026, Chubb Limited’s board executed a share capital reduction of CHF 5,993,287 by canceling 11,986,574 treasury shares with a par value of CHF 0.50 each that had been repurchased in 2025. The reduction aligns the company’...
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.