Chubb Limited CB

FinancialsInsuranceSwitzerland

Last close 364.12 USD on Nov 1, 2026, +17.7% year to date

Quant rating

Quant rating A Rank 105 of 799 in Financials

Growth C 397 of 799
Valuation C 508 of 799
Quality B 230 of 799
Revisions A 68 of 799
Momentum B 173 of 799

Wall Street consensus Hold (2.52)Average target 362.96 USD −0.3%

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 139.1B
Enterprise value: 160.7B
52-week range: 273.40 – 369.00
3-year range: 218.22 – 369.00
Dividend yield: 1.12%
Beta (5 years): 0.32
Shares outstanding: 382M
Next earnings: Feb 1, 2027

About the company

Chubb Limited is a Switzerland-based holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance. It offers commercial insurance products and service offerings, such as risk management programs, loss control, and engineering and complex claims management. It provides specialized insurance products to areas, such as aviation and energy. It also offers personal lines insurance coverage, including homeowners, automobile, valuables, umbrella liability and recreational marine products. In addition, it supplies personal accident, supplemental health and life insurance to individuals in select countries.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	53,014	49,846	45,712	40,360	36,292	–
Revenue growth	6.4%	9.0%	13.3%	11.2%	9.6%	9.9%
EPS (basic, normalized)	24.79	22.51	19.80	15.24	12.56	–
EPS growth	10.1%	13.7%	29.9%	21.3%	–	–
Gross margin	–	–	–	–	–	–
Net margin	17.4%	16.6%	18.2%	12.2%	20.9%	17.0%
ROE	14.4%	14.9%	14.9%	11.7%	9.3%	13.1%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	18,418
Net debt (mil)	–
Total equity (mil)	73,227
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	53,014	+6.4%	3.0x	188.59	+12.9%	1.9x	24.79	+10.1%	14.7x
2026	49,239	−7.1%	3.3x	205.35	+8.9%	1.8x	29.06	+17.2%	12.5x
2027	50,870	+3.3%	3.2x	225.25	+9.7%	1.6x	29.51	+1.6%	12.3x
2028	52,786	+3.8%	3.0x	245.48	+9.0%	1.5x	32.16	+8.9%	11.3x

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	49,239	−0.8%	−0.8%	−4.0%	29.06	+4.8%	+5.0%	+7.3%
2027	50,870	−1.5%	−1.5%	−5.8%	29.51	+1.3%	+1.4%	+0.9%
2028	52,786	−1.1%	−1.3%	−3.1%	32.16	+1.9%	+2.1%	+1.0%

Earnings surprises EPS beat in 4 of the last 4 quarters

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales reported (mil)	10,588	11,780	12,277	10,497	10,926	12,394	12,934	11,309	11,716	12,768
Sales mean (mil)	10,290	11,642	12,543	10,825	11,217	12,577	12,901	11,235	11,687	12,987
Surprise	+2.9%	+1.2%	−2.1%	−3.0%	−2.6%	−1.5%	+0.3%	+0.7%	+0.2%	−1.7%
EPS reported	5.41	5.38	5.72	6.02	3.68	6.14	7.49	7.52	6.82	7.26
EPS mean	5.31	5.15	4.98	5.44	3.18	5.97	6.15	6.78	6.60	6.75
Surprise	+2.0%	+4.5%	+14.8%	+10.7%	+15.7%	+2.8%	+21.8%	+11.0%	+3.3%	+7.6%

Peer comparison Insurance

Peers in the same industry group, by market capitalization
Company	Market cap	ROE	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
CB Chubb Limited	139.1B	14.4%	17.4%	1.90x	12.5x	12.3x	1.8x	1.6x
ALVG Allianz SE	186.2B	35.7%	12.3%	2.65x	14.4x	13.2x	2.7x	2.5x
PGR The Progressive Corporation	134.0B	38.2%	12.9%	3.91x	12.6x	14.3x	3.9x	3.4x
ZURN Zurich Insurance Group AG	114.8B	25.2%	9.0%	3.57x	16.4x	14.4x	3.7x	3.5x
MRSH Marsh & McLennan Companies, Inc.	95.4B	33.4%	15.4%	6.50x	19.1x	17.5x	6.4x	5.5x
TRV The Travelers Companies, Inc.	81.2B	20.8%	12.8%	2.80x	10.8x	12.7x	2.5x	2.3x
Mean		27.9%	13.3%	3.55x	14.3x	14.1x	3.5x	3.1x
Median		29.3%	12.8%	3.18x	13.5x	13.7x	3.2x	2.9x

Technical analysis

1M+9.9%
3M+0.5%
1Y+33.8%
3Y+81.6%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Chubb Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Premiums earned	53,014	49,846	45,712	40,360	36,292	33,117
Other revenue	6,388	5,907	4,023	2,737	4,577	2,877
Total revenue	59,402	55,753	49,735	43,097	40,869	35,994
Losses, benefits and adjustments	42,007	39,838	35,987	32,225	29,528	29,041
Amortization of policy acquisition costs	–	–	–	–	–	–
Selling, general & administrative expenses	4,699	4,547	4,106	3,416	3,154	3,001
Depreciation/amortization	301	323	310	285	287	290
Interest expense (income), operating	–	–	–	–	–	–
Other operating expenses	−206	−226	−67.0	48.0	0	0
Operating income	12,601	11,271	9,399	7,123	7,900	3,662
Net interest income (expense)	475	218	150	−611	1,935	561
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	−32.0	−34.0	−23.0	−27.0	−41.0	−61.0
Net income before taxes	13,044	11,455	9,526	6,485	9,794	4,162
Provision for taxes	2,422	1,815	511	1,239	1,269	629
Minority interest	−312	−368	13.0	0	0	–
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	10,310	9,272	9,028	5,246	8,525	3,533
Extraordinary items	–	–	–	–	–	–
Net income	10,310	9,272	9,028	5,246	8,525	3,533
Basic weighted average shares (mil)	398	404	411	420	440	452
Diluted weighted average shares (mil)	402	408	414	424	443	453
Basic EPS, normalized	24.79	22.51	19.80	15.24	12.56	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Chubb Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Total receivables	–	–	–	–	–	–
Prepaid expenses	–	–	–	–	–	–
Property, plant & equipment	4,525	3,924	3,684	607	2,445	2,473
Goodwill	20,207	19,579	19,686	16,228	15,213	15,400
Intangibles	6,241	6,377	6,775	5,441	5,455	5,811
Insurance receivables	15,944	14,426	13,379	11,933	11,322	10,480
Long-term investments	168,720	150,650	136,926	116,058	125,453	121,482
Note receivable	–	–	–	–	–	–
Other long-term assets	1,510	1,864	1,913	115	152	89.0
Deferred policy acquisition costs	10,008	8,358	7,152	6,031	5,513	5,402
Other assets	42,900	39,082	38,718	40,592	32,842	27,890
Total assets	272,327	246,548	230,682	199,017	200,054	190,774
Liabilities
Accounts payable	8,894	9,250	7,500	6,515	14,520	13,535
Payable/accrued	–	–	–	–	–	–
Accrued expenses	1,214	942	832	633	484	517
Policy liabilities	162,391	150,173	141,530	117,208	101,228	94,425
Short-term debt	1,499	800	1,460	475	999	0
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	16,150	14,798	13,343	14,710	15,477	15,256
Minority interest	6,022	4,373	4,184	–	–	–
Other liabilities	2,400	2,191	2,326	8,957	7,632	7,600
Total liabilities	198,570	182,527	171,175	148,498	140,340	131,333
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	231	235	241	10,346	10,985	11,064
Additional paid-in capital	13,250	14,393	15,665	7,166	8,478	9,815
Retained earnings (accumulated deficit)	69,950	61,561	54,810	48,305	47,365	39,337
Treasury stock	−4,699	−3,524	−4,400	−5,113	−7,464	−3,644
Other equity	−4,975	−8,644	−6,809	−10,185	350	2,869
Total equity	73,757	64,021	59,507	50,519	59,714	59,441
Total liabilities & shareholders' equity	272,327	246,548	230,682	199,017	200,054	190,774

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Chubb Limited, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	10,622	9,640	9,015	5,246	8,525	3,533
Depreciation, depletion & amortization	301	323	310	285	287	290
Deferred taxes	330	96.0	−1,124	318	−84.0	−333
Non-cash items	−1,264	−1,194	−708	108	−2,194	367
Changes in working capital	2,827	7,317	5,139	5,301	4,617	5,928
Cash from operations	12,816	16,182	12,632	11,258	11,151	9,785
Investing activities
Capital expenditures	–	–	–	–	–	–
Other investing cash flows	−11,260	−13,923	−7,648	−5,654	−6,659	−7,521
Cash from investing	−11,260	−13,923	−7,648	−5,654	−6,659	−7,521
Financing activities
Financing cash flow items	794	46.0	−677	−139	−25.0	−3.0
Cash dividends paid	−1,505	−1,436	−1,394	−1,375	−1,401	−1,388
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−1,139	−791	−2,418	−3,628	−2,985	−691
Cash from financing	−1,850	−2,181	−4,489	−5,142	−4,411	−2,082
Foreign exchange effects	215	−150	−1.0	−146	−106	8.0
Net change in cash	−79.0	−72.0	494	316	−25.0	190
Free cash flow	12,816	16,182	12,632	11,258	11,151	9,785

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.