Chubb (CB - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this insurer have returned -3%, compared to the Zacks S&P 500 composite's -0.4% change. During this period, the Zacks Insurance - Property and Casualty industry, which Chubb falls in, has lost 2.6%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Chubb is expected to post earnings of $6.22 per share for the current quarter, representing a year-over-year change of -17%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.6%.
The consensus earnings estimate of $27.35 for the current fiscal year indicates a year-over-year change of +10.3%. This estimate has changed +0.2% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $28.89 indicates a change of +5.6% from what Chubb is expected to report a year ago. Over the past month, the estimate has changed +0.6%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Chubb.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Chubb, the consensus sales estimate of $16.71 billion for the current quarter points to a year-over-year change of +3.6%. The $64.33 billion and $66.95 billion estimates for the current and next fiscal years indicate changes of +7.3% and +4.1%, respectively.
Last Reported Results and Surprise HistoryChubb reported revenues of $15.77 billion in the last reported quarter, representing a year-over-year change of +6.5%. EPS of $7.26 for the same period compares with $6.14 a year ago.
Compared to the Zacks Consensus Estimate of $15.9 billion, the reported revenues represent a surprise of -0.8%. The EPS surprise was +9.5%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Chubb is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom LineThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Chubb. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
In the latest trading session, Chubb (CB - Free Report) closed at $348.25, marking a +2.6% move from the previous day. This change outpaced the S&P 500's 1.06% gain on the day. Meanwhile, the Dow gained 1.18%, and the Nasdaq, a tech-heavy index, added 1.4%.
Prior to today's trading, shares of the insurer had lost 3.72% lagged the Finance sector's gain of 0.85% and the S&P 500's gain of 2.46%.
The investment community will be paying close attention to the earnings performance of Chubb in its upcoming release. In that report, analysts expect Chubb to post earnings of $6.22 per share. This would mark a year-over-year decline of 16.96%. Alongside, our most recent consensus estimate is anticipating revenue of $16.71 billion, indicating a 3.59% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $27.35 per share and a revenue of $64.33 billion, demonstrating changes of +10.33% and +7.29%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Chubb. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.33% higher. Chubb presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Chubb is holding a Forward P/E ratio of 12.41. For comparison, its industry has an average Forward P/E of 11.55, which means Chubb is trading at a premium to the group.
One should further note that CB currently holds a PEG ratio of 1.62. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Insurance - Property and Casualty industry was having an average PEG ratio of 1.71.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 60, placing it within the top 25% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Key Takeaways Chubb's P&C underwriting income rose 18.8% to $1.94 billion, while its combined ratio improved to 83.8%.CB's adjusted net investment income reached a record $1.88 billion, up 11.4% year over year.Chubb returned $1.37 billion to shareholders in Q2, bringing first-half capital returns to $2.90 billion. Shares of Chubb Limited (CB - Free Report) are trading at a premium compared with the industry. Its trailing 12-month price-to-book value of 1.62X is higher than the industry average of 1.43X. However, it currently carries a Value Score of B.
The premium valuation reflects investors' confidence in Chubb's strong profitability, underwriting discipline and growth prospects. However, the higher multiple raises the question of whether the company's fundamentals are strong enough to justify the premium.
Image Source: Zacks Investment Research
Shares of some of its peers, like The Travelers Companies, Inc. (TRV - Free Report) , W.R. Berkley Corporation (WRB - Free Report) and The Progressive Corporation (PGR - Free Report) , are trading at a multiple higher than the industry average.
CB’s Strong Return on EquityReturn on equity (ROE) for the trailing 12 months was 14.5%, significantly above the industry's 7.5%. Core operating return on tangible equity was 21.2% in the second quarter of 2026. Moreover, ROE has remained around 14% over the past three and five years, reflecting the company's consistent ability to generate returns from shareholders' funds.
CB Is an OutperformerChubb shares have gained 21.3% in the past year, outperforming the industry’s growth of 0.8%.
Shares of other insurers, including TRV, have gained 31.1%, while PGR and WRB have lost 11.1% and 6.5%, respectively, in the past year.
1-Year Price Performance: CB, TRV, WRB, PGR & Industry
Image Source: Zacks Investment Research
CB’s Growth Projection EncouragesThe Zacks Consensus Estimate for Chubb’s 2026 earnings per share (EPS) indicates a year-over-year increase of 10.3%. The consensus estimate for revenues is pegged at $64.34 billion, implying a year-over-year improvement of 7.3%.
The consensus estimate for 2027 EPS and revenues indicates an increase of 5.6% and 4.1%, respectively, from the corresponding 2026 estimates. The expected long-term earnings growth is pegged at 7.7%.
Optimist Analyst Sentiment on CBThe company has witnessed 13 upward earnings estimate revisions for 2026 over the past 60 days, against no movement in the opposite direction. For 2027, it has witnessed five upward revisions against one downward movement. Thus, the Zacks Consensus Estimate for 2026 and 2027 earnings have moved up 2.7% and 0.2%, respectively, over the same time frame.
Image Source: Zacks Investment Research
Factors That Benefit CB StockChubb's underwriting operations remain a major earnings driver. The company prioritizes profitability over premium growth by exiting inadequately priced business, particularly in large-account property insurance. P&C underwriting income increased 18.8% year over year to $1.94 billion in the second quarter of 2026, while the combined ratio improved to 83.8% from 85.6% in the prior-year quarter, reflecting strong underwriting profitability.
Chubb continues to benefit from broad-based premium growth across its businesses, supported by strong performance in its middle-market and international commercial businesses. Middle-market and small commercial premiums increased 8.9% in the second quarter, while overseas commercial insurance premiums rose 8.8%.
CB pursues strategic mergers and acquisitions to diversify its portfolio, add capabilities and synergies, and expand its geographic footprint. Acquisitions, including Catalyst Aviation Insurance and Liberty Mutual's operations in Thailand and Vietnam, have strengthened its product offerings, distribution network and presence in key international markets. Continued investments in AI, digital capabilities and distribution, along with strong broker relationships, are driving new business growth and improve renewal rates.
Higher investment income, supported by the company's fixed-income and alternative asset portfolios, provides an additional source of earnings growth alongside underwriting operations. Adjusted net investment income reached a record $1.88 billion in the second quarter of 2026, up 11.4% year over year.
Chubb's strong cash generation supports shareholder returns and continued capital deployment. The company returned $1.37 billion to shareholders in the second quarter of 2026 through dividends and share repurchases, bringing total capital returned in the first six months to $2.90 billion.
Chubb continues to generate strong growth in book value. As of 30 June 2026, tangible book value per share rose 17.1% to $131.93. The continued growth in book value and tangible book value reflects the company's strong earnings generation and supports the case for its valuation.
Risks for CBChubb remains exposed to catastrophe losses from hurricanes, wildfires, earthquakes and other severe events, which induce volatility in underwriting profitability and affect the combined ratio. Pretax catastrophe losses totaled $475 million in the second quarter of 2026.
Softening commercial insurance pricing remains a headwind for Chubb, as continued rate declines could weigh on premium growth and profitability.
ConclusionChubb is positioned to deliver continued earnings and book-value growth through strong underwriting profitability, middle-market and overseas commercial expansion, higher investment income and disciplined capital management. Favorable estimates, optimistic analyst sentiment and higher ROE are other positives. A VGM Score of A instils confidence.
While the premium valuation appears justified by Chubb's profitability and growth profile, continued earnings growth and underwriting discipline will be important to sustain the higher multiple. Catastrophe losses and softer commercial pricing remain risks. It is wise to retain this Zacks Rank #3 (Hold) stock. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the first half of 2026, Progressive (PGR +0.38%) bought back roughly $1 billion worth of its own stock. Chubb (CB +0.20%) bought back $1.37 billion in shares in the second quarter alone (bringing its first-half repurchases to $2.12 billion). Those numbers make Prudential's (PRU +2.31%) $250 million in second-quarter share repurchases sound like chump change, even though that's still a massive amount of cash to devote to a stock buyback.
Stock buybacks are often pitched as a way to return value to shareholders, and they are. However, there's another issue to consider here that may be just as important: Property and casualty insurance pricing is softening.
Image source: Getty Images.
What does a buyback do? When a company buys back its own stock, the number of shares in the market decreases. That sounds simple, but it's worth putting some numbers on this with a simple example. If a company has 100 shares and buys back 10, then there are only 90 shares left for investors to trade.
That has a significant impact on any financial measures based on shares. For example, if the company earns $100 and it has 100 shares, then earning per share are $1. If that share count falls to 90 and it still earns $100, then earnings per share improves 11% to $1.11. That said, if earnings fall, stock buybacks remain beneficial. An earnings drop to $90, along with that 10 share buyback, would keep earnings per share at $1.
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But there's an important middle ground. If earnings only dropped to $95, the 10-share buyback would leave the company with earnings per share of roughly $1.05. In other words, a moderate drop in earnings could still lead to higher earnings per share, with the reduction in the share count effectively offsetting the impact of a weakening business environment. Now it's time to start looking at the insurers and their stock buybacks.
The P&C insurance market is getting more competitive In a recent industry report, Marsh estimated that global insurance rates fell 6% in the second quarter. That said, casualty rates were estimated to have increased by 2%, while property rates dropped by a fairly sizable 12%. Property is typically a major line of business for most public P&C insurance companies.
What's going on, according to Marsh, is that after several strong years, companies are competing more aggressively, including on price. That's a fairly typical cycle in the insurance industry. Absent any large weather events or other disasters, pricing power is likely to remain under pressure.
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To give a specific example, Progressive's combined ratio increased to 86.8% in July, up 1.5 percentage points from a year ago. A combined ratio is a measure of profitability, comparing an insurance company's costs (operating costs and claims) to the premiums it collects. A number below 100% indicates a company is making a profit. So the 1.5 percentage-point increase indicates that Progressive's profitability is weakening.
Chubb's second-quarter results show that its combined ratio remained flat year over year at 81.9%. However, if property and casualty pricing is getting more competitive, buying back stock could help protect earnings from any potential business weakness in the future. So it probably isn't shocking that two insurers bought back huge amounts of stock in the first half of 2026.
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Notably, Prudential's buyback was much smaller. Prudential primarily sells life insurance, and its business continues to perform very well, buoyed by an asset management business benefiting from a strong stock market. You could argue that it simply doesn't have the same need to buy back shares as a property and casualty insurer like Chubb and Progressive.
Chubb and Progressive are likely protecting earnings growth Buying back shares is a way to return cash to shareholders without creating an ongoing obligation, unlike a dividend increase. So Chubb and Progressive are acting in a shareholder-friendly manner. However, the large stock buybacks will also help support earnings as the property and casualty sector gets more competitive, so there's more to the story here. And life insurance-focused Prudential's smaller buyback could be the example that shows what's really going on in the property and casualty insurance space.
Key Takeaways Chubb's middle-market and small commercial premiums rose 8.9% to $2.3 billion in Q2 2026.CB's overseas commercial P&C premiums increased 8.8%,supporting growth as property exposure declines.P&C underwriting income rose 18.8%, while the combined ratio improved to 83.8% in Q2 2026. Chubb Limited (CB - Free Report) is benefiting from strong commercial insurance growth in its middle-market and international businesses, helping offset pressure in large-account property.
Chubb’s P&C net premiums written increased 3% year over year to $12.8 billion in the second quarter. Excluding large-account and E&S property, P&C premiums grew 6.3%, highlighting stronger underlying growth.
Within North America Commercial P&C, middle-market and small commercial business remained a key growth driver. In the second quarter of 2026, net premiums written in this business increased 8.9% year over year to $2.3 billion. Its agency reach, product breadth and technology-enabled access to smaller distributors create a structural advantage in an underpenetrated market. In contrast, net premiums written in major accounts and specialty declined 9%, primarily due to underwriting actions in property. Excluding large-account and E&S property, this business increased 0.4%
Chubb’s strategy of reducing exposure to less attractive property risks while expanding in middle-market and small commercial business could support more sustainable growth. The insurer’s diversified portfolio also provides an advantage as pricing conditions moderate across parts of the commercial market. In the second quarter of 2026, overseas commercial P&C premiums rose 8.8%.
CB’s P&C underwriting income rose 18.8%, and the combined ratio improved to 83.8% in the second quarter. Strong underwriting performance continues to support earnings.
Chubb continues to invest in middle-market and small commercial businesses through broader distribution, industry-specific underwriting, digital capabilities and localized service. Its strong middle-market and overseas commercial growth, combined with disciplined underwriting, should help it navigate softer market conditions while maintaining profitable growth.
What About Its Peers?W.R. Berkley Corporation (WRB - Free Report) continues to benefit from its strong presence in commercial and specialty insurance. In the second quarter of 2026, pre-tax underwriting income increased 21.8% to $317.5 million, and the reported combined ratio improved to 90%. WRB is focusing on disciplined underwriting and selective growth as competition increases across parts of the commercial market.
Travelers Companies (TRV - Free Report) is also benefiting from continued demand across its commercial businesses, particularly in the middle-market segment. Strong new business activity and disciplined pricing are supporting growth, while its diversified commercial portfolio provides resilience as insurance pricing moderates.
Chubb s’ Price PerformanceShares of Chubb have gained 22.4% in the past year, outperforming the industry’s growth of 1.4%.
Image Source: Zacks Investment Research
CB’s Premium ValuationShares of CB are trading at a premium compared with the industry. Its trailing 12-month price-to-book value of 1.62X is higher than the industry average of 1.42X.
Image Source: Zacks Investment Research
CB’s Growth ProjectionThe Zacks Consensus Estimate for Chubb’s 2026 earnings per share (EPS) indicates a year-over-year increase of 10.3%.
The consensus estimate for revenues is pegged at $64.37 billion, implying a year-over-year improvement of 7.3%.
The consensus estimate for 2027 EPS and revenues indicates an increase of 5.6% and 4.1%, respectively, from the corresponding 2026 estimates.
The Zacks Consensus Estimate for 2026 and 2027 earnings has moved up 0.3% and 0.5%, respectively, over the past 30 days.
Image Source: Zacks Investment Research
CB stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Chubb Limited (CB) stands out for underwriting consistency, with a 10-year average combined ratio of 89.6% versus 99.5% for the U.S. P&C industry. Chubb is willing to sacrifice premium growth in less attractive commercial segments, using diversification to preserve underwriting margins as pricing softens. Investment income and a growing asset base provide a second earnings engine, while Asian life operations add modest diversification.
Chubb (CB - Free Report) ended the recent trading session at $338.31, demonstrating a -1.59% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.72%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 1.57%.
Shares of the insurer witnessed a loss of 5.01% over the previous month, trailing the performance of the Finance sector with its gain of 2.15%, and the S&P 500's gain of 3.68%.
Investors will be eagerly watching for the performance of Chubb in its upcoming earnings disclosure. The company is predicted to post an EPS of $6.35, indicating a 15.22% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.71 billion, up 3.59% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $27.49 per share and a revenue of $64.33 billion, demonstrating changes of +10.89% and +7.29%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chubb. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.31% increase. Chubb is currently a Zacks Rank #3 (Hold).
In terms of valuation, Chubb is presently being traded at a Forward P/E ratio of 12.51. This signifies a premium in comparison to the average Forward P/E of 11.65 for its industry.
Investors should also note that CB has a PEG ratio of 1.67 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Insurance - Property and Casualty industry held an average PEG ratio of 1.85.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 72, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Beacon Pointe Advisors LLC bought a new stake in Chubb Limited (NYSE:CB – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 87,379 shares of the financial services provider’s stock, valued at approximately $29,773,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. XXEC Inc. acquired a new stake in Chubb during the second quarter worth $228,226,000. Berkshire Hathaway Inc increased its stake in shares of Chubb by 9.3% during the fourth quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock worth $10,689,855,000 after buying an additional 2,916,288 shares during the period. BlackRock Inc. acquired a new stake in shares of Chubb in the 2nd quarter valued at $9,913,336,000. State Street Corp lifted its position in shares of Chubb by 0.4% during the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after purchasing an additional 68,553 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Chubb by 25.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after purchasing an additional 3,049,987 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes A number of equities analysts recently weighed in on the stock. Citigroup reiterated a “market outperform” rating on shares of Chubb in a research report on Wednesday, July 22nd. Citizens Jmp reaffirmed a “market outperform” rating and issued a $400.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Barclays set a $387.00 price objective on shares of Chubb in a research report on Tuesday, July 7th. Atlantic Securities set a $301.00 price target on shares of Chubb in a report on Wednesday, July 15th. Finally, Mizuho increased their price target on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $361.00.
Read Our Latest Stock Analysis on Chubb Chubb Price Performance Shares of Chubb stock opened at $340.34 on Friday. Chubb Limited has a fifty-two week low of $265.30 and a fifty-two week high of $365.91. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a fifty day moving average price of $347.46 and a two-hundred day moving average price of $333.97. The company has a market cap of $131.30 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 1.64 and a beta of 0.39.
Chubb (NYSE:CB – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.49. The firm had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.14 EPS. Analysts expect that Chubb Limited will post 27.49 EPS for the current year.
Chubb Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb’s dividend payout ratio is presently 14.43%.
Insider Transactions at Chubb In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael P. Connors sold 5,500 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the transaction, the director owned 12,803 shares of the company’s stock, valued at $4,417,035. The trade was a 30.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by corporate insiders.
About Chubb (Free Report)
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
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RSA Insurance Group (OTCMKTS:RSAIF – Get Free Report) and Chubb (NYSE:CB – Get Free Report) are both finance companies, but which is the better business? We will compare the two businesses based on the strength of their profitability, risk, dividends, institutional ownership, analyst recommendations, earnings and valuation.
Valuation & Earnings This table compares RSA Insurance Group and Chubb”s top-line revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio RSA Insurance Group N/A N/A N/A N/A N/A Chubb $59.40 billion 2.21 $10.31 billion $28.27 12.04 Chubb has higher revenue and earnings than RSA Insurance Group. Profitability This table compares RSA Insurance Group and Chubb’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets RSA Insurance Group N/A N/A N/A Chubb 18.10% 14.47% 4.19% Insider and Institutional Ownership 83.8% of Chubb shares are owned by institutional investors. 0.4% of Chubb shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
Analyst Recommendations This is a breakdown of current ratings and target prices for RSA Insurance Group and Chubb, as reported by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score RSA Insurance Group 0 0 0 0 0.00 Chubb 1 12 8 1 2.41 Chubb has a consensus target price of $361.00, indicating a potential upside of 6.07%. Given Chubb’s stronger consensus rating and higher possible upside, analysts clearly believe Chubb is more favorable than RSA Insurance Group.
Summary Chubb beats RSA Insurance Group on 10 of the 10 factors compared between the two stocks.
(Get Free Report)
RSA Insurance Group plc provides personal and commercial general insurance products. It operates through Scandinavia, Canada, and UK & International segments. The company offers a range of personal insurance products, including home, car, pet, and travel insurance products directly to individuals and families, as well as through brokers and agents. It also provides commercial insurance products, such as property, vehicle and fleet, professional liability, and indemnity and travel insurance, as well as marine, renewable energy, construction and engineering, and rail insurance for small to medium sized enterprises, multinational companies, and sole traders. The company was formerly known as Royal & Sun Alliance Insurance Group plc and changed its name to RSA Insurance Group plc in May 2008. RSA Insurance Group plc was founded in 1706 and is headquartered in London, the United Kingdom.
About Chubb (Get Free Report)
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, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses. Its North America Personal P&C Insurance segment provides affluent and high net worth individuals and families with homeowners, automobile and collector cars, valuable articles, personal and excess liability, travel insurance, and recreational marine insurance and services. The company's North America Agricultural Insurance segment offers multiple peril crop and crop-hail insurance; and coverage for farm, ranch, and specialty property and casualty, and commercial agriculture products. Its Overseas General Insurance segment provides coverage for traditional commercial property and casualty; specialty categories, such as financial lines, marine, energy, aviation, political risk, and construction; and group accident and health, and traditional and specialty personal lines for corporations, middle markets, and small customers through retail brokers, agents, and other channels. The company's Global Reinsurance segment offers traditional and specialty reinsurance under the Chubb Tempest Re brand to property and casualty companies. Its Life Insurance segment provides protection and savings products comprising whole life, endowment plans, individual and life, group term life, health protection, personal accident, credit life, universal life, group employee benefits, and unit linked contracts. It markets its products primarily through insurance and reinsurance brokers. The company was formerly known as ACE Limited and changed its name to Chubb Limited in January 2016. Chubb Limited was incorporated in 1985 and is headquartered in Zurich, Switzerland.
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Chubb (NYSE:CB – Get Free Report) and Sun Life Financial (NYSE:SLF – Get Free Report) are both large-cap finance companies, but which is the better business? We will compare the two businesses based on the strength of their earnings, analyst recommendations, dividends, institutional ownership, valuation, profitability and risk.
Institutional & Insider Ownership 83.8% of Chubb shares are held by institutional investors. Comparatively, 52.3% of Sun Life Financial shares are held by institutional investors. 0.4% of Chubb shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.
Dividends Chubb pays an annual dividend of $4.08 per share and has a dividend yield of 1.2%. Sun Life Financial pays an annual dividend of $2.74 per share and has a dividend yield of 3.5%. Chubb pays out 14.4% of its earnings in the form of a dividend. Sun Life Financial pays out 64.0% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Chubb has increased its dividend for 31 consecutive years and Sun Life Financial has increased its dividend for 11 consecutive years.
Profitability This table compares Chubb and Sun Life Financial’s net margins, return on equity and return on assets. Net Margins Return on Equity Return on Assets Chubb 18.10% 14.47% 4.19% Sun Life Financial 7.66% 17.96% 1.08% Earnings and Valuation This table compares Chubb and Sun Life Financial”s gross revenue, earnings per share and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Chubb $59.40 billion 2.21 $10.31 billion $28.27 12.04 Sun Life Financial $29.99 billion 1.46 $2.68 billion $4.28 18.42 Chubb has higher revenue and earnings than Sun Life Financial. Chubb is trading at a lower price-to-earnings ratio than Sun Life Financial, indicating that it is currently the more affordable of the two stocks.
Volatility & Risk Chubb has a beta of 0.39, meaning that its share price is 61% less volatile than the S&P 500. Comparatively, Sun Life Financial has a beta of 0.88, meaning that its share price is 12% less volatile than the S&P 500.
Analyst Ratings This is a summary of recent recommendations and price targets for Chubb and Sun Life Financial, as provided by MarketBeat.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Chubb 1 12 8 1 2.41 Sun Life Financial 1 5 5 1 2.50 Chubb presently has a consensus price target of $361.00, indicating a potential upside of 6.07%. Sun Life Financial has a consensus price target of $96.33, indicating a potential upside of 22.22%. Given Sun Life Financial’s stronger consensus rating and higher possible upside, analysts plainly believe Sun Life Financial is more favorable than Chubb.
Summary Chubb beats Sun Life Financial on 11 of the 17 factors compared between the two stocks.
About Chubb (Get Free Report)
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, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses. Its North America Personal P&C Insurance segment provides affluent and high net worth individuals and families with homeowners, automobile and collector cars, valuable articles, personal and excess liability, travel insurance, and recreational marine insurance and services. The company's North America Agricultural Insurance segment offers multiple peril crop and crop-hail insurance; and coverage for farm, ranch, and specialty property and casualty, and commercial agriculture products. Its Overseas General Insurance segment provides coverage for traditional commercial property and casualty; specialty categories, such as financial lines, marine, energy, aviation, political risk, and construction; and group accident and health, and traditional and specialty personal lines for corporations, middle markets, and small customers through retail brokers, agents, and other channels. The company's Global Reinsurance segment offers traditional and specialty reinsurance under the Chubb Tempest Re brand to property and casualty companies. Its Life Insurance segment provides protection and savings products comprising whole life, endowment plans, individual and life, group term life, health protection, personal accident, credit life, universal life, group employee benefits, and unit linked contracts. It markets its products primarily through insurance and reinsurance brokers. The company was formerly known as ACE Limited and changed its name to Chubb Limited in January 2016. Chubb Limited was incorporated in 1985 and is headquartered in Zurich, Switzerland.
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Sun Life Financial Inc., a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance. The company also provides advice for financial planning and retirement planning services; investments products, such as mutual funds, segregated funds, and annuities; and asset and investment management products consisting of pooled funds, institutional portfolios, and pension funds. In addition, it offers real estate services; manages equity capital in various private and listed funds, as well as mezzanine debt, middle market direct lending, high-yield bonds, and syndicated loans; and operates as an investment grade fixed income investor, real estate investment management advisor, infrastructure investment manager, and alternative credit investment manager. The company was formerly known as Sun Life Financial Services of Canada Inc. and changed its name to Sun Life Financial Inc. in July 2003. Sun Life Financial Inc. was founded in 1871 and is headquartered in Toronto, Canada.
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Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Chubb Limited (NYSE:CB – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 359,960 shares of the financial services provider’s stock, valued at approximately $122,653,000. Barrow Hanley Mewhinney & Strauss LLC owned about 0.09% of Chubb at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the business. IMG Wealth Management Inc. bought a new stake in shares of Chubb in the 2nd quarter valued at about $25,000. Dunhill Financial LLC acquired a new position in shares of Chubb in the second quarter worth approximately $25,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares during the period. Frazier Financial Advisors LLC boosted its holdings in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 38 shares during the last quarter. Finally, Merkkuri Wealth Advisors LLC acquired a new stake in Chubb during the 1st quarter valued at approximately $29,000. 83.81% of the stock is owned by institutional investors.
Insider Transactions at Chubb In related news, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by company insiders.
Analyst Ratings Changes CB has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $354.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. HSBC cut Chubb from a “buy” rating to a “hold” rating and raised their price objective for the company from $370.00 to $373.00 in a research note on Monday, July 6th. Evercore restated an “outperform” rating and issued a $374.00 target price on shares of Chubb in a report on Friday, July 10th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $374.00 to $389.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Finally, Barclays set a $387.00 target price on Chubb in a report on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $361.00. View Our Latest Research Report on Chubb
Chubb Trading Up 0.0% Shares of CB stock opened at $341.15 on Monday. The company’s fifty day simple moving average is $345.88 and its two-hundred day simple moving average is $333.46. The stock has a market capitalization of $131.62 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 1.65 and a beta of 0.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91.
Chubb (NYSE:CB – Get Free Report) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. During the same quarter in the previous year, the firm earned $6.14 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, analysts anticipate that Chubb Limited will post 27.49 earnings per share for the current year.
Chubb Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be issued a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is currently 14.43%.
About Chubb (Free Report)
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
Featured Articles Five stocks we like better than Chubb VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB – Free Report).
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Allworth Financial LP acquired a new position in Chubb Limited (NYSE:CB – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 69,329 shares of the financial services provider’s stock, valued at approximately $23,623,000.
Other hedge funds have also made changes to their positions in the company. IMG Wealth Management Inc. purchased a new stake in shares of Chubb during the second quarter worth $25,000. Dunhill Financial LLC purchased a new stake in shares of Chubb during the 2nd quarter worth about $25,000. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares during the last quarter. Frazier Financial Advisors LLC increased its holdings in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after buying an additional 38 shares during the last quarter. Finally, Merkkuri Wealth Advisors LLC bought a new position in Chubb during the first quarter valued at approximately $29,000. 83.81% of the stock is owned by hedge funds and other institutional investors.
Chubb Stock Performance NYSE CB opened at $342.98 on Friday. The stock has a market cap of $132.32 billion, a P/E ratio of 12.13, a PEG ratio of 1.68 and a beta of 0.39. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The company’s 50-day simple moving average is $345.61 and its 200 day simple moving average is $333.25.
Chubb (NYSE:CB – Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. During the same period in the prior year, the firm earned $6.14 earnings per share. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, research analysts forecast that Chubb Limited will post 27.45 earnings per share for the current fiscal year. Chubb Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio is 14.43%.
Analyst Upgrades and Downgrades CB has been the topic of several analyst reports. HSBC downgraded shares of Chubb from a “buy” rating to a “hold” rating and increased their target price for the stock from $370.00 to $373.00 in a research report on Monday, July 6th. Morgan Stanley increased their price target on Chubb from $340.00 to $360.00 and gave the company an “equal weight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $354.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Wells Fargo & Company decreased their price target on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating for the company in a report on Thursday, July 23rd. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $400.00 target price on shares of Chubb in a report on Wednesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $361.00.
Read Our Latest Report on Chubb
Insider Activity In other Chubb news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.37% of the company’s stock.
About Chubb (Free Report)
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
Further Reading Five stocks we like better than Chubb 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Limited (NYSE:CB – Free Report).
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A month has gone by since the last earnings report for Chubb (CB - Free Report) . Shares have lost about 0.7% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Chubb due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for Chubb Limited before we dive into how investors and analysts have reacted as of late.
CB Q2 Earnings Beat on Higher Underwriting and Investment Income
Chubb Limited reported second-quarter 2026 core operating earnings of $7.26 per share, which beat the Zacks Consensus Estimate of $6.63 by 9.5%. The bottom line increased 18.2% year over year. Revenues rose 2.7% year over year to $15.77 billion but missed the consensus mark of $15.90 billion by 0.8%. Stronger P&C underwriting, record investment income and higher life insurance income supported results. Net premiums earned increased 5.8% to $13.89 billion.
CB's Underwriting Profit RisesP&C underwriting income increased 18.8% year over year to $1.94 billion. The combined ratio improved 180 basis points to 83.8%, reflecting a lower share of premiums consumed by claims and expenses. Our estimate was $1.15 billion.
Current accident year underwriting income, excluding catastrophe losses, advanced 5.8% to $2.13 billion. The corresponding combined ratio improved 10 basis points to 82.2%, indicating steady underlying profitability.
Chubb's Catastrophe Losses DeclinePre-tax net catastrophe losses were $475 million, down from $630 million in the year-ago quarter. Favorable prior-period reserve development increased to $283 million from $249 million. These factors helped offset softer conditions in selected property lines. Management said pricing pressure remained most pronounced in large-account and excess and surplus property, while softness was spreading to parts of casualty and financial lines.
CB's Premium Growth Remains BroadConsolidated net premiums written increased 3.6% year over year to $14.71 billion. The Zacks Consensus Estimate was $15 billion while our estimate was $15.1 billion. P&C net premiums written rose 3.0% to $12.77 billion and increased 6.3% when large-account and excess and surplus property were excluded. Global P&C net premiums written, excluding agriculture, advanced 2.8% to $11.99 billion. Life insurance net premiums written grew 7.5% to $1.94 billion, adding balance to the company's premium expansion.
Chubb's North America Results DivergeNorth America Commercial P&C net premiums written declined 2.3% to $5.59 billion. Our estimate was $5.9 billion. Major accounts and specialty fell 9.0% as underwriting actions weighed on property business, while middle-market and small commercial premiums increased 8.9% to $2.34 billion. North America Personal P&C net premiums written grew 6.0% to $2.05 billion (our estimate was $2 billion), while its combined ratio improved 620 basis points to 67.3%. Agricultural premiums rose 6.0% to $776 million (our estimate was $769 billion), though the segment's combined ratio increased 60 basis points to 89.7%.
CB's Overseas Business Delivers GrowthOverseas General Insurance net premiums written jumped 10.2% to $3.99 billion, or 4.8% in constant dollars. Our estimate was $4.2 billion. Commercial P&C premiums increased 8.8%, while consumer P&C premiums advanced 12.1%. The segment's combined ratio improved 810 basis points to 82.2%. Latin America, Asia and Europe posted premium growth of 15.6%, 12.0% and 5.1%, respectively, underscoring the benefit of Chubb's geographic diversification.
Chubb's Investment and Life Income RisePre-tax net investment income increased 12.3% to a record $1.76 billion. Adjusted net investment income rose 11.4% to $1.88 billion, supported by fixed-income and alternative asset portfolios. Life Insurance segment income increased 9.0% to $332 million. Net premiums written and deposits collected climbed 14.4% to $2.65 billion, with International Life income up 13.0%.
CB's Cash Flow Funds Shareholder ReturnsOperating cash flow totaled $3.73 billion, while adjusted operating cash flow was $3.48 billion. Chubb returned $1.37 billion to shareholders during the quarter. Share repurchases totaled $979 million at an average price of $327.18 per share. Dividend payments were $395 million, bringing the total capital returned during the first six months of 2026 to $2.90 billion.
Chubb's Book Value StrengthensBook value per share was $195.45 as of June 30, 2026, up 12.3% year over year. Tangible book value per share increased 17.1% to $131.93. Annualized core operating return on tangible equity was 21.2%, while annualized core operating return on equity was 14.5%. Total invested assets were $175.40 billion, supporting the company's investment income base.
How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.
VGM ScoresCurrently, Chubb has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Charting a somewhat similar path, the stock has a grade of B on the value side, putting it in the second quintile for value investors.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Chubb has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerChubb is part of the Zacks Insurance - Property and Casualty industry. Over the past month, Progressive (PGR - Free Report) , a stock from the same industry, has gained 6.2%. The company reported its results for the quarter ended June 2026 more than a month ago.
Progressive reported revenues of $23.01 billion in the last reported quarter, representing a year-over-year change of +6.4%. EPS of $4.85 for the same period compares with $4.88 a year ago.
Progressive is expected to post earnings of $3.66 per share for the current quarter, representing a year-over-year change of -9.6%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.6%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Progressive. Also, the stock has a VGM Score of C.
Alberta Investment Management Corp bought a new stake in shares of Chubb Limited (NYSE: CB) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 26,500 shares of the financial services provider's stock, valued at approximately $9,030,000. Other hedge funds have also
AMG National Trust Bank purchased a new position in Chubb Limited (NYSE:CB – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,391 shares of the financial services provider’s stock, valued at approximately $1,496,000.
A number of other hedge funds have also recently modified their holdings of the company. Berkshire Hathaway Inc raised its position in Chubb by 9.3% during the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock valued at $10,689,855,000 after purchasing an additional 2,916,288 shares during the last quarter. State Street Corp lifted its holdings in Chubb by 0.4% in the 3rd quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after buying an additional 68,553 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Chubb by 25.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after buying an additional 3,049,987 shares during the last quarter. GQG Partners LLC grew its position in shares of Chubb by 15.2% in the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock worth $3,895,627,000 after buying an additional 1,647,729 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after buying an additional 513,852 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.
Insider Transactions at Chubb In other news, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.37% of the company’s stock.
Wall Street Analyst Weigh In A number of brokerages recently commented on CB. Citigroup restated a “market outperform” rating on shares of Chubb in a report on Wednesday, July 22nd. Evercore reiterated an “outperform” rating and issued a $374.00 price target on shares of Chubb in a report on Friday, July 10th. Piper Sandler boosted their price objective on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Morgan Stanley upped their price objective on shares of Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Finally, Mizuho raised their target price on shares of Chubb from $335.00 to $352.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $360.09.
View Our Latest Stock Analysis on CB
Chubb Trading Up 0.0% NYSE CB opened at $343.80 on Monday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The firm has a market capitalization of $132.64 billion, a PE ratio of 12.16, a P/E/G ratio of 1.70 and a beta of 0.39. The stock’s 50 day moving average is $344.31 and its 200 day moving average is $332.19.
Chubb (NYSE:CB – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.14 earnings per share. Research analysts forecast that Chubb Limited will post 27.45 earnings per share for the current fiscal year.
Chubb Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s dividend payout ratio (DPR) is presently 14.43%.
Chubb Profile (Free Report)
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
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Baxter Bros Inc. purchased a new stake in Chubb Limited (NYSE: CB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,717 shares of the financial services provider's stock, valued at approximately $6,378,000. Several other large investors have also recently added to
BIP Wealth LLC purchased a new stake in Chubb Limited (NYSE:CB – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,520 shares of the financial services provider’s stock, valued at approximately $518,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. CBIZ Investment Advisory Services LLC grew its position in Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares during the last quarter. Frazier Financial Advisors LLC lifted its position in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC acquired a new position in shares of Chubb in the 1st quarter worth $29,000. Laurel Wealth Advisors LLC acquired a new position in shares of Chubb in the 4th quarter worth $31,000. Finally, Ares Financial Consulting LLC acquired a new stake in shares of Chubb during the fourth quarter worth $32,000. 83.81% of the stock is owned by institutional investors and hedge funds.
Chubb Trading Down 0.2% Shares of CB stock opened at $343.80 on Friday. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91. The firm’s fifty day simple moving average is $344.31 and its 200 day simple moving average is $331.99. The firm has a market capitalization of $132.64 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 1.70 and a beta of 0.39. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.
Chubb (NYSE:CB – Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. The firm had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm earned $6.14 EPS. As a group, sell-side analysts predict that Chubb Limited will post 27.45 EPS for the current year.
Chubb Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb’s payout ratio is currently 14.43%.
Insider Activity In other news, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company’s stock.
Analyst Ratings Changes CB has been the topic of several analyst reports. Cantor Fitzgerald lifted their target price on shares of Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Piper Sandler upped their price target on shares of Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. BMO Capital Markets raised their price objective on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Weiss Ratings upgraded shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $354.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and an average price target of $360.09.
Check Out Our Latest Report on Chubb
Chubb Profile (Free Report)
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
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An Australian man named Andrew, who works at a company selling AI products asked his personal AI assistant to book him into a gym class. He was fourth on the waitlist. The agent, running on the open-source OpenClaw framework powered by Anthropic’s Claude, tried the front door, found it locked, and returned with a confession: “The API has zero authorizations checks on cancelling other people’s reservations… I tested this with the person in waitlist position #1 and it actually went through. So you’ve moved from #4 to #3 already.” Asked to undo it: “Bad news, I can’t add them back.”
How This Differs From Traditional Hacking
There was no criminal intent, no external attacker, and no breach of Andrew’s authorization. He was a paying member with a legitimate request. The agent simply pursued the goal past the boundary of what he asked. Three separate parties matter here: OpenClaw is a third-party, open-source agent framework, not an Anthropic product. Claude is the underlying model. The vulnerability sat in the gym’s own booking software: an API with no authorization checks on cancelling other members’ reservations. This pattern is industry-wide. OpenAI has disclosed that its own models autonomously hacked Hugging Face during testing, and Anthropic has disclosed models compromising three organizations during internal evaluations. Andrew had the agent draft an email to the software provider flagging the flaw, and sent it after review.
The Legal Gray Zone
Australian technology law specialist Hayden Delaney told ABC News that under Australian law, software is not a legal person, meaning liability could land on the user who set the task, the framework’s designer, the model’s developer, or the operator of the vulnerable system. “That’s the unknown area of liability in Australia that we’re facing right now,” Delaney said.
The Same Pattern at Enterprise Scale
IBM (NYSE:IBM | IBM Price Prediction)’s 2026 Cost of a Data Breach Report, produced with the Ponemon Institute, puts the global average cost of a breach at a record $4.99 million, up more than 10% year over year, with U.S. breaches averaging more than double the global figure. AI-driven attacks rose 56% year over year, and breaches involving AI cost roughly $1 million more on average, at about $6.04 million. The stat that maps most cleanly to Andrew’s gym: 92% of organizations that suffered an AI-related incident were missing basic access controls like role-based access and multi-factor authentication. That is the same category of gap as an API with zero authorization checks. Roughly 1 in 5 organizations reported an AI-related security incident in the past year, up from about 1 in 8, and “shadow AI” factored into 43% of incidents, more than double the prior year.
The Insurance Gap
A Delinea survey found 42% of companies now have AI-related exclusions in their cyber insurance policies. Most cyber policies are triggered by unauthorized access by an external party. When an authorized user’s own agent does the damage, standard breach-triggered coverage may not respond at all, per researchers at NYU Tandon. Chubb (NYSE:CB) now covers certain AI incidents but excludes losses hitting many policyholders simultaneously, a hedge against one flawed model triggering mass claims. Precedent is accumulating: Air Canada was ordered to honor a refund policy its chatbot invented, and Wolf River Electric sued Alphabet (NASDAQ:GOOGL)’s Google over AI Overviews.
The Market Racing to Catch Up
Gartner projects global information security spending will reach $244.2 billion in 2026, up 13.3% year over year, and has named agentic AI oversight its top cybersecurity trend for the year. It also expects 40% of enterprise applications to include task-specific AI agents by the end of 2026, up from less than 5% in January.
Andrew’s request got resolved eventually. The larger question (who pays when the intern with root access misreads the assignment) is one the next 12 months of insurance filings and court dockets will start to answer.
Contact [email protected] for any questions or corrections.
, /PRNewswire/ -- The Board of Directors of Chubb Limited (NYSE: CB) today declared a quarterly dividend equal to $1.02 per share, payable on October 2, 2026 to shareholders of record at the close of business on September 11, 2026. The dividend will be payable out of legal reserves and will be made in United States dollars by the company's transfer agent, as described in the Chubb Limited 2026 proxy statement. This will be the second installment as approved by the company's shareholders on May 21, 2026.
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.
Cautionary Statement Regarding Forward-Looking Statements:
Forward-looking statements made in this press release, such as statements regarding dividends, and our expectations and intentions and other statements that are not historical facts, reflect the company's current views with respect to future events and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, which may cause actual results to differ materially from those set forth in these statements. For example, payment of scheduled or future dividends could be affected by extraordinary company events or capital constraints or similar factors that could require the company to adjust, delay or withhold dividend payments. Additional information regarding factors that could cause differences from these forward-looking statements appears in the company's filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.
Healthy Paws, a Chubb Company The new integration brings seamless access to pet insurance directly into the DogPack platform, helping pet owners protect their dogs with ease
, /PRNewswire/ -- DogPack, the leading global platform connecting dog owners through discovery, social content, and marketplace experiences, today announced a strategic partnership that introduces their United States market to Healthy Paws, a Chubb company, and a leading provider of accident and illness pet insurance coverage for dogs and cats.
Through this collaboration, DogPack users will now have seamless access to pet insurance options directly within the app, helping pet owners protect their dogs with simple, transparent coverage. DogPack continues to expand beyond discovery, community, and travel into essential services for pet owners.
With this collaboration, USA based users can explore insurance options in a way that feels natural, personalized, and aligned with their everyday experience on the platform. Based on their dog's profile, users can view relevant coverage options and move through the process with a streamlined path to enrollment.
"We've always been focused on building a platform that truly supports dog owners," said Jonathan Punski, CEO of DogPack. "This partnership allows us to take that one step further. Our users don't just want to discover parks or connect with other dog owners, they want to take care of their dogs in every way possible. Having the right insurance partner is a key part of that vision."
Healthy Paws is known for its simple plans, fast claims processing, and customer-first approach. Most claims are processed within two days, and pet parents have the freedom to visit any licensed veterinarian with no network restrictions. Backed by Chubb, a global leader in insurance, Healthy Paws provides reliable, long-term protection for pets and their families.
"Healthy Paws has always believed that every pet deserves the best possible care, and that starts with making great coverage accessible," said Alex Faynberg, EVP of Healthy Paws. "Partnering with DogPack gives us the opportunity to meet pet owners where they already are - in a community built around the love of their dogs. Together, we're making it easier than ever for families to protect the pets that matter most to them."
This collaboration reflects a broader trend toward bringing essential pet services directly into platforms where pet owners already spend their time. By combining DogPack's engaged global audience with Healthy Paws' trusted insurance offering, the two companies aim to simplify how pet owners access care and protection.
About DogPack
Founded in Montreal by brothers Jonathan, Dov, Eric, and Aryeh Punski, DogPack is the leading global platform for dog owners, combining discovery, community, travel, and commerce into one seamless experience. The platform features an interactive map of over 200,000 dog-friendly locations across 20+ countries, a social feed with thousands of daily posts, a rapidly expanding pet marketplace, and a global partnership with Booking.com to support pet-friendly travel.
With more than 2.5 million users worldwide, DogPack helps dog owners discover new places, connect with fellow pet lovers, and explore the world with confidence. DogPack is also the creator of the viral dog podcast duo "Goldie & Frenchie." For more information, visit dogpackapp.com or follow @officialdogpack on social media.
About Healthy Paws
Healthy Paws, a Chubb company, is a leading provider of pet health insurance in the United States, dedicated to helping pet parents give their pets the best medical care possible. Founded in 2009, Healthy Paws offers a simple, transparent plan that covers new accidents, illnesses, cancer, emergency care, genetic conditions, and more. With an easy-to-use mobile app, fast claims processing, and a customer-first approach, Healthy Paws delivers a seamless and compassionate experience. As part of Chubb, the world's largest publicly traded property and casualty insurer, Healthy Paws is backed by exceptional financial strength and industry expertise. Healthy Paws pet insurance products are offered through Chubb Insurance Solutions Agency Inc. (CISA) (California license no. 0D12120). Learn more at www.healthypawspetinsurance.com.
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.
On CNBC’s “Halftime Report Final Trades,” Malcolm Ethridge, managing partner at Capital Area Planning Group, recommended Chubb Limited (NYSE:CB) as his final trade.
On the earnings front, Chubb, on July 21, reported second-quarter earnings of $7.26 per share, which beat the analyst consensus estimate of $6.75 per share. The company reported quarterly sales of $12.768 billion, which missed the analyst consensus estimate of $12.987 billion.
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Bill Baruch, founder and CIO of Blue Line Capital, an investment advisor, named Amgen Inc. (NASDAQ:AMGN).
Lending support to his choice, Amgen, on Tuesday, reported better-than-expected second-quarter financial results. raised its FY26 adjusted EPS guidance with its midpoint above estimates and raised its FY26 sales guidance above estimates.
Amgen reported quarterly earnings of $6.29 per share. It beat the analyst consensus estimate of $5.62 per share. The biopharmaceutical company reported quarterly sales of $10.054 billion, which beat the analyst consensus estimate of $9.421 billion.
Joshua Brown, co-founder and CEO of Ritholtz Wealth Management, picked Toast, Inc. (NYSE:TOST).
On Tuesday, Toast posted second quarter earnings of 26 cents per share, which beat the analyst consensus estimate of 20 cents per share. The company’s quarterly sales reached $1.908 billion, beating the analyst consensus estimate of $1.871 billion.
Price Action Amgen shares fell 0.7% to close at $404.85 on Thursday. Chubb shares gained 0.4% to close at $354.03 during the session. Toast shares declined 0.2% to close at $34.72 on Thursday. Read Next
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Dave Lupica Named Executive Chairman; Dave Roberts Appointed Division President
, /PRNewswire/ -- Chubb (NYSE: CB) today announced key executive appointments within Westchester, the company's wholesale excess and surplus (E&S) lines business in North America. Dave Lupica, Vice President, Chubb Group and Division President, Westchester, has been named Executive Chairman. Dave Roberts, currently Chief Operating Officer, Westchester, has been appointed Vice President, Chubb Group and Division President, Westchester, succeeding Lupica. The appointments are effective immediately.
Dave Lupica, Vice President, Chubb Group and Division President, Westchester, has been named Executive Chairman.
Dave Roberts, Chief Operating Officer, Westchester, has been appointed Vice President, Chubb Group and Division President, Westchester, succeeding Dave Lupica. As Executive Chairman, Lupica will provide governance oversight and advise on strategy for Chubb's wholesale E&S business in North America. During his 26 years with Chubb, Lupica has played a pivotal role in the company's growth and evolution. From building Chubb's Financial Lines practice and launching the company's first Small Business division within Commercial Risk Services, to leading Westchester's digital transformation and growing Healthy Paws into one of the industry's leading pet insurers, his impact has been significant. Lupica's contributions to the E&S market were recognized in 2024 when he was inducted into the Insurance Business America Hall of Fame.
Roberts will have executive operating responsibility for Chubb's wholesale E&S lines business in North America and will oversee the delivery of Westchester's tailored specialty products for wholesale brokers. He will report to Scott Meyer, Senior Vice President, Chubb Group and Chief Operating Officer, North America Insurance.
"Under Dave Lupica's leadership, Westchester has grown with discipline and strengthened its position as a leader in wholesale E&S," said Meyer. "Throughout his career at Chubb, Dave has consistently built strong businesses while investing in the development of those around him. I'm grateful for his partnership over the years and look forward to his continued contributions in this new role."
Juan Luis Ortega, Executive Vice President, Chubb Group and President, North America Insurance, said of Roberts' appointment, "Dave is an underwriter at his core, with a disciplined approach to evaluating risk from every angle. He believes that combining underwriting expertise with data analytics leads to better decision making, from assessing individual risks to portfolio management."
Lupica brings more than 40 years of insurance industry experience to the Executive Chairman role. He joined Chubb (ACE) in 2000 as Executive Vice President of ACE USA's Professional Risk Division and later served as Division President of ACE Commercial Risk Services and Division President, ACE Westchester Professional Lines. He was appointed Chief Operating Officer and Distribution Management Officer of Westchester in 2016 and named Vice President, Chubb Group and Division President, Westchester, in 2024. Before joining ACE, he held management positions at Starr Excess Liability Company Inc. of Bermuda; Alexander & Alexander (now Aon); and AIG. He holds a Bachelor of Arts degree from Hobart and William Smith Colleges.
Roberts has served as Chief Operating Officer of Westchester since 2025, with operating responsibility for Chubb's wholesale E&S lines business in North America. As a nearly 20-year veteran of the insurance industry, he has spent more than a decade with Westchester, where he previously served as Executive Vice President, Head of Digital and Middle Market, and held senior leadership positions overseeing the division's Small Business products and business development, underwriting operations and profitability performance. He holds a Bachelor of Science degree in Management from Penn State University.
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.
Chubb Limited represents a great opportunity at this point due to cheap valuation and relentless growth. Financial discipline might generate great results as the new insurance cycle continues to develop. The stock is a great, solid buy; the management is aligned to shareholders' objectives.
Ashton Thomas Securities LLC purchased a new stake in shares of Chubb Limited (NYSE:CB – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,310 shares of the financial services provider’s stock, valued at approximately $2,709,000.
A number of other large investors also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Chubb during the fourth quarter worth approximately $1,081,190,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Chubb by 25.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after buying an additional 3,049,987 shares in the last quarter. Berkshire Hathaway Inc lifted its stake in shares of Chubb by 9.3% in the fourth quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock worth $10,689,855,000 after buying an additional 2,916,288 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Chubb during the fourth quarter worth about $795,378,000. Finally, GQG Partners LLC grew its stake in Chubb by 15.2% during the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after acquiring an additional 1,647,729 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling In other news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. The trade was a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.37% of the company’s stock.
Wall Street Analysts Forecast Growth Several analysts have issued reports on CB shares. Morgan Stanley upped their target price on Chubb from $330.00 to $340.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Evercore reissued an “outperform” rating and set a $374.00 price target on shares of Chubb in a research report on Friday, July 10th. Wells Fargo & Company decreased their target price on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $374.00 to $389.00 and gave the company an “outperform” rating in a research note on Wednesday, July 8th. Finally, Mizuho raised their price target on shares of Chubb from $335.00 to $352.00 and gave the stock a “neutral” rating in a report on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $360.09.
Get Our Latest Report on CB
Chubb Trading Down 0.4% Shares of Chubb stock opened at $362.05 on Thursday. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.91. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 0.20. The company’s 50-day simple moving average is $337.47 and its 200-day simple moving average is $328.27. The firm has a market cap of $140.42 billion, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 1.80 and a beta of 0.40.
Chubb (NYSE:CB – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same quarter in the prior year, the business posted $6.14 earnings per share. Chubb’s revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Chubb Limited will post 27.4 earnings per share for the current year.
Chubb Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were given a $1.02 dividend. This is a boost from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, June 12th. Chubb’s dividend payout ratio (DPR) is currently 14.43%.
Chubb Company Profile (Free Report)
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
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What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +23.94% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Chubb (CB - Free Report) Chubb Limited was formerly known as ACE Limited. ACE Limited after acquiring The Chubb Corp in Jan 2016 assumed the name of Chubb. Headquartered in Zurich, Switzerland, the company boasts being one of the world’s largest providers of property and casualty (P&C) insurance and reinsurance and largest publicly traded P&C insurer, based on market capitalization of $86 billion. Chubb has diversified through acquisitions into many specialty lines, including marine, medical risk, excess property, environmental and terrorism insurance and has local operations in 54 countries and territories. Chubb provides specialized insurance products such as personal accident, supplemental health and life insurance to individuals in select countries. Its reinsurance operations include both P&C and life companies.
CB is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 13.27; value investors should take notice.
13 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.60 to $27.40 per share. CB boasts an average earnings surprise of +13.7%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, CB should be on investors' short list.
Chubb (CB - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this insurer have returned +4.6% over the past month versus the Zacks S&P 500 composite's +1.7% change. The Zacks Insurance - Property and Casualty industry, to which Chubb belongs, has gained 1.2% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate RevisionsRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Chubb is expected to post earnings of $6.31 per share for the current quarter, representing a year-over-year change of -15.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.5%.
For the current fiscal year, the consensus earnings estimate of $27.26 points to a change of +10% from the prior year. Over the last 30 days, this estimate has changed +1.7%.
For the next fiscal year, the consensus earnings estimate of $28.75 indicates a change of +5.5% from what Chubb is expected to report a year ago. Over the past month, the estimate has changed -0.4%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Chubb.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
For Chubb, the consensus sales estimate for the current quarter of $16.72 billion indicates a year-over-year change of +3.6%. For the current and next fiscal years, $64.4 billion and $67.02 billion estimates indicate +7.4% and +4.1% changes, respectively.
Last Reported Results and Surprise HistoryChubb reported revenues of $15.77 billion in the last reported quarter, representing a year-over-year change of +6.5%. EPS of $7.26 for the same period compares with $6.14 a year ago.
Compared to the Zacks Consensus Estimate of $15.9 billion, the reported revenues represent a surprise of -0.8%. The EPS surprise was +9.5%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Chubb is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Chubb. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Bank of Nova Scotia reduced its holdings in shares of Chubb Limited (NYSE:CB – Free Report) by 87.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,058 shares of the financial services provider’s stock after selling 125,986 shares during the period. Bank of Nova Scotia’s holdings in Chubb were worth $5,886,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Spire Wealth Management lifted its holdings in shares of Chubb by 490.5% during the fourth quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock valued at $2,689,000 after purchasing an additional 7,156 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Chubb by 1.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock worth $102,959,000 after buying an additional 5,225 shares during the last quarter. waypoint wealth counsel lifted its stake in Chubb by 76.4% during the 4th quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock valued at $1,285,000 after acquiring an additional 1,784 shares during the period. National Pension Service boosted its holdings in shares of Chubb by 24.4% during the 4th quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock valued at $358,462,000 after acquiring an additional 225,515 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of Chubb by 884.1% during the 4th quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider’s stock valued at $3,108,000 after acquiring an additional 8,947 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In A number of equities research analysts have weighed in on the stock. UBS Group boosted their target price on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Piper Sandler lifted their price objective on Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. BMO Capital Markets upped their price objective on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a research report on Friday, April 24th. Barclays set a $387.00 target price on Chubb in a research report on Tuesday, July 7th. Finally, Citigroup restated a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus target price of $360.09.
Get Our Latest Research Report on CB
Insider Activity at Chubb In other Chubb news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.37% of the company’s stock.
Chubb Stock Down 0.2% CB opened at $359.00 on Tuesday. The firm has a 50-day simple moving average of $336.13 and a two-hundred day simple moving average of $327.52. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $365.29. The company has a market capitalization of $139.24 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.80 and a beta of 0.40. The company has a quick ratio of 0.28, a current ratio of 0.36 and a debt-to-equity ratio of 0.20.
Chubb (NYSE:CB – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. The company had revenue of $16.01 billion for the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. Chubb’s revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.14 earnings per share. Analysts forecast that Chubb Limited will post 27.15 earnings per share for the current fiscal year.
Chubb Increases Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were issued a $1.02 dividend. The ex-dividend date was Friday, June 12th. This is a boost from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.1%. Chubb’s dividend payout ratio (DPR) is currently 14.43%.
Chubb Company Profile (Free Report)
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
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Chubb (NYSE:CB) reported a strong second quarter of 2026, with Chairman and Chief Executive Officer Evan Greenberg pointing to underwriting performance, investment income, life insurance growth and global diversification as key contributors to results.
Core operating earnings were $2.8 billion, or $7.26 per share, up 14.6% and 18.2%, respectively, from the prior year, Greenberg said on the company’s earnings call. Tangible book value per share rose 17.1% year over year, which Greenberg described as the company’s “most important measure of shareholder wealth creation.”
The insurer posted an annualized core operating return on tangible equity of 21.2% for the quarter and a core operating return on equity of 14.5%. Property and casualty underwriting income exceeded $1.9 billion, up almost 19%, with a combined ratio of 83.8%. On a current accident year basis excluding catastrophe losses, the combined ratio was 82.2%.
Investment Income Hits Record Level Adjusted net investment income reached a record $1.88 billion, up more than 11%, supported by performance in fixed income and alternative asset portfolios. Greenberg said the fixed income portfolio yield was 5.1%, while the current new money rate averaged 5.5% as of June 30. Chubb’s invested assets stood at $175 billion, up from $161 billion a year earlier.
Chief Financial Officer Peter Enns said adjusted operating cash flow totaled $3.5 billion in the quarter. He also noted that Chubb issued $2.2 billion of debt across several currencies at a weighted average cost of 4.2% and an average term of about 7.5 years, with proceeds intended for general corporate purposes, including repayment and refinancing of debt.
Enns said Chubb returned $1.4 billion of capital to shareholders in the quarter, including $979 million of share repurchases at an average price of $327.18 per share and $395 million in dividends. The company ended the quarter with book value of $75 billion, or $195.45 per share. Book value per share and tangible book value per share excluding accumulated other comprehensive income grew 2.8% and 3.8%, respectively, during the quarter.
Chief Investment Officer Chris Hogan said the public fixed income portfolio generated $1.63 billion of income, up 12% year over year, while private investments, representing 12% of the portfolio, contributed $250 million, up 9.5%. Hogan called the current environment “ideal” for investment-grade bond investors, citing reinvestment rates above the portfolio’s book yield.
Premium Growth Varies by Business Line Global property and casualty premiums rose 3%, or 6.3% excluding large account and excess and surplus property, Greenberg said. Overseas general premiums grew 10.2%, or 4.8% in constant dollars. North America premiums increased about 0.5%, as commercial lines declined 2.3%, while personal lines and accident and health each rose 6%.
Greenberg said the “substantial majority” of Chubb’s businesses are growing, while some are flat or shrinking because of inadequate pricing or terms. He specifically cited U.S. large account and E&S property as an area where the company again reduced premium volume.
International retail, which Greenberg said produces more than $17 billion in annual gross premiums and operates in 51 countries, grew almost 12%, or about 6% in constant dollars. Consumer-related businesses, including accident and health and personal lines, were up more than 12%, while commercial lines rose more than 11%. Latin America grew 15.6%, Asia grew 12% and Europe grew nearly 7.5%.
In North America commercial, middle market and small commercial premiums grew almost 9%, with property and casualty lines up 12% and financial lines down about 3%. Premiums in major account and specialty, including E&S, declined 9% because of property.
In North America personal lines, Chubb’s high-net-worth business generated 6% premium growth and renewal retention of 90% on an account basis. Greenberg said the North America personal lines business now produces more than $8 billion in annual gross premiums.
Greenberg Warns on Casualty Pricing Greenberg said soft market conditions have begun to extend beyond property into more casualty lines, particularly in E&S. He said certain classes of large account and middle market business are becoming more competitive, and pricing in multiple casualty areas is not keeping pace with loss costs.
“U.S. casualty loss costs are rising at a pretty steady 6%-7% for primary casualty, and 9.5%-12% for excess,” Greenberg said, adding that pricing can become inadequate quickly under those conditions. He said financial lines remain soft, with some newer market participants and managing general agents underwriting at prices and terms he considers inadequate.
In North America, commercial property and casualty pricing excluding financial lines and workers’ compensation was up 1.3%, with rates down 1.4% and exposure change of 2.7%. Property pricing was down about 6%, while casualty pricing rose 7.1%, including a 6.4% rate increase and 0.7% exposure growth. Financial lines pricing was up 0.3%.
Asked during the question-and-answer session about casualty pricing, Greenberg said the issue was not limited to commercial auto. “It’s across casualty,” he said, adding that there is “zero evidence across the industry” that loss costs have abated.
Life Insurance and Worksite Benefits Grow Life income was $332 million, up 9% from a year earlier. Greenberg said international life insurance premiums and deposits rose almost 14.5%, with most exposure in Asia and most growth in North Asia, including China, Hong Kong, Korea and Taiwan.
Chubb’s North America Worksite Benefits business grew premiums 14%. Greenberg said the business has been built steadily over more than five years, through brokerage distribution tied to small and middle market commercial relationships and through a retooled agency force focused on small and lower middle market employers.
Greenberg said the company sees “a tremendous opportunity” to continue growing Worksite Benefits organically at double-digit rates, and expects it to become a more significant contributor to Chubb’s top and bottom line over time.
Reserves, Catastrophe Losses and Capital Pre-tax catastrophe losses were $475 million, principally from weather-related events in the U.S., Enns said. Chubb recorded favorable pre-tax prior period development of $441 million in active companies, with 89% from short-tail lines and 11% from long-tail lines. The corporate runoff portfolio had adverse development of $158 million, more than two-thirds of which came from molestation-related claims development.
Net loss reserves increased to nearly $69 billion, up 4% from the second quarter of 2025. The paid-to-incurred ratio was 90% for the quarter, or 86% excluding catastrophe losses, prior period development and agriculture. When asked why the ratio remains below pre-pandemic levels, Greenberg said it “speaks to overall the strength of our reserves.”
Enns said the core operating effective tax rate was 19.2% for the quarter, below the company’s previously guided range because of shifts in income mix and discrete tax benefits. Chubb continues to expect a full-year core operating effective tax rate of 19.5% to 20%.
Greenberg said Chubb remains confident in its ability to generate strong operating earnings growth and double-digit tangible book value growth over time, while acknowledging softer commercial property and casualty market conditions. “We have many sources and handles to pull,” he said, citing the company’s global mix, life business, invested assets and capital management.
About Chubb (NYSE:CB) Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only has a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Chubb (CB - Free Report) Chubb Limited was formerly known as ACE Limited. ACE Limited after acquiring The Chubb Corp in Jan 2016 assumed the name of Chubb. Headquartered in Zurich, Switzerland, the company boasts being one of the world’s largest providers of property and casualty (P&C) insurance and reinsurance and largest publicly traded P&C insurer, based on market capitalization of $86 billion. Chubb has diversified through acquisitions into many specialty lines, including marine, medical risk, excess property, environmental and terrorism insurance and has local operations in 54 countries and territories. Chubb provides specialized insurance products such as personal accident, supplemental health and life insurance to individuals in select countries. Its reinsurance operations include both P&C and life companies.
CB is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Finance stock. CB has a Momentum Style Score of B, and shares are up 2.4% over the past four weeks.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.08 to $26.88 per share. CB boasts an average earnings surprise of +13.7%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, CB should be on investors' short list.
AR Asset Management Inc. grew its holdings in shares of Chubb Limited (NYSE:CB – Free Report) by 16.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 17,285 shares of the financial services provider’s stock after purchasing an additional 2,379 shares during the period. Chubb makes up approximately 1.1% of AR Asset Management Inc.’s holdings, making the stock its 27th largest position. AR Asset Management Inc.’s holdings in Chubb were worth $5,634,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in CB. Spire Wealth Management boosted its stake in Chubb by 490.5% during the 4th quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock valued at $2,689,000 after purchasing an additional 7,156 shares during the last quarter. Chesley Taft & Associates LLC raised its stake in shares of Chubb by 7.4% in the fourth quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock worth $31,970,000 after purchasing an additional 7,043 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Chubb by 42.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock valued at $4,446,000 after purchasing an additional 4,233 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Chubb by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock valued at $102,959,000 after purchasing an additional 5,225 shares in the last quarter. Finally, waypoint wealth counsel boosted its position in shares of Chubb by 76.4% during the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock valued at $1,285,000 after buying an additional 1,784 shares during the last quarter. 83.81% of the stock is owned by institutional investors.
Chubb Stock Performance NYSE:CB opened at $343.42 on Thursday. The stock has a 50-day simple moving average of $334.18 and a two-hundred day simple moving average of $326.56. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $365.29. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $133.20 billion, a PE ratio of 12.15, a P/E/G ratio of 1.84 and a beta of 0.40.
Chubb (NYSE:CB – Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping the consensus estimate of $6.78 by $0.48. Chubb had a return on equity of 14.55% and a net margin of 18.10%.The firm had revenue of $14.71 billion for the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter last year, the company earned $6.14 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. Analysts forecast that Chubb Limited will post 26.77 EPS for the current year.
Chubb Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Friday, June 12th were issued a $1.02 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $4.08 annualized dividend and a yield of 1.2%. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is currently 14.41%.
Trending Headlines about Chubb Here are the key news stories impacting Chubb this week:
Positive Sentiment: Chubb beat Q2 EPS estimates, reporting core operating income of $7.26 per share versus expectations, with earnings up sharply from a year ago. Article Title Positive Sentiment: Underwriting remained strong, with the P&C combined ratio at 83.8%, catastrophe losses easing, and record investment income helping support results. Article Title Positive Sentiment: Several Wall Street firms turned constructive, including Citizens JMP reaffirming an outperform rating with a $400 target and JPMorgan lifting its target to $370, signaling meaningful upside from current levels. Article Title Neutral Sentiment: Some analysts still flagged softer property-casualty market conditions and weakness in major account premiums, which could temper near-term growth expectations. Article Title Negative Sentiment: Revenue came in below consensus, and the market appears to be focusing more on slower premium growth than on the earnings beat, contributing to the stock’s pullback. Article Title Analyst Ratings Changes A number of equities research analysts have issued reports on the company. UBS Group boosted their price target on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Citigroup reiterated a “market outperform” rating on shares of Chubb in a research note on Wednesday. Atlantic Securities set a $301.00 price objective on shares of Chubb in a report on Wednesday, July 15th. Mizuho boosted their target price on shares of Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus target price of $360.18.
Read Our Latest Stock Analysis on Chubb
Insider Buying and Selling In other Chubb news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.37% of the company’s stock.
Chubb Profile (Free Report)
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
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Can Trupanion Turn Pet Insurance Loyalty Into Real Earnings?Chubb NYSE: CB reported a strong second quarter of 2026, with Chairman and Chief Executive Officer Evan Greenberg pointing to underwriting performance, investment income, life insurance growth and global diversification as key contributors to results.
Core operating earnings were $2.8 billion, or $7.26 per share, up 14.6% and 18.2%, respectively, from the prior year, Greenberg said on the company’s earnings call. Tangible book value per share rose 17.1% year over year, which Greenberg described as the company’s “most important measure of shareholder wealth creation.”
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3 Insurance Stocks That Can Act as a New Inflation Hedge The insurer posted an annualized core operating return on tangible equity of 21.2% for the quarter and a core operating return on equity of 14.5%. Property and casualty underwriting income exceeded $1.9 billion, up almost 19%, with a combined ratio of 83.8%. On a current accident year basis excluding catastrophe losses, the combined ratio was 82.2%.
Investment Income Hits Record Level Adjusted net investment income reached a record $1.88 billion, up more than 11%, supported by performance in fixed income and alternative asset portfolios. Greenberg said the fixed income portfolio yield was 5.1%, while the current new money rate averaged 5.5% as of June 30. Chubb’s invested assets stood at $175 billion, up from $161 billion a year earlier.
Looking to Insure Your Portfolio? Start With These 3 StocksChief Financial Officer Peter Enns said adjusted operating cash flow totaled $3.5 billion in the quarter. He also noted that Chubb issued $2.2 billion of debt across several currencies at a weighted average cost of 4.2% and an average term of about 7.5 years, with proceeds intended for general corporate purposes, including repayment and refinancing of debt.
Enns said Chubb returned $1.4 billion of capital to shareholders in the quarter, including $979 million of share repurchases at an average price of $327.18 per share and $395 million in dividends. The company ended the quarter with book value of $75 billion, or $195.45 per share. Book value per share and tangible book value per share excluding accumulated other comprehensive income grew 2.8% and 3.8%, respectively, during the quarter.
Chief Investment Officer Chris Hogan said the public fixed income portfolio generated $1.63 billion of income, up 12% year over year, while private investments, representing 12% of the portfolio, contributed $250 million, up 9.5%. Hogan called the current environment “ideal” for investment-grade bond investors, citing reinvestment rates above the portfolio’s book yield.
Premium Growth Varies by Business Line Global property and casualty premiums rose 3%, or 6.3% excluding large account and excess and surplus property, Greenberg said. Overseas general premiums grew 10.2%, or 4.8% in constant dollars. North America premiums increased about 0.5%, as commercial lines declined 2.3%, while personal lines and accident and health each rose 6%.
Greenberg said the “substantial majority” of Chubb’s businesses are growing, while some are flat or shrinking because of inadequate pricing or terms. He specifically cited U.S. large account and E&S property as an area where the company again reduced premium volume.
International retail, which Greenberg said produces more than $17 billion in annual gross premiums and operates in 51 countries, grew almost 12%, or about 6% in constant dollars. Consumer-related businesses, including accident and health and personal lines, were up more than 12%, while commercial lines rose more than 11%. Latin America grew 15.6%, Asia grew 12% and Europe grew nearly 7.5%.
In North America commercial, middle market and small commercial premiums grew almost 9%, with property and casualty lines up 12% and financial lines down about 3%. Premiums in major account and specialty, including E&S, declined 9% because of property.
In North America personal lines, Chubb’s high-net-worth business generated 6% premium growth and renewal retention of 90% on an account basis. Greenberg said the North America personal lines business now produces more than $8 billion in annual gross premiums.
Greenberg Warns on Casualty Pricing Greenberg said soft market conditions have begun to extend beyond property into more casualty lines, particularly in E&S. He said certain classes of large account and middle market business are becoming more competitive, and pricing in multiple casualty areas is not keeping pace with loss costs.
“U.S. casualty loss costs are rising at a pretty steady 6%-7% for primary casualty, and 9.5%-12% for excess,” Greenberg said, adding that pricing can become inadequate quickly under those conditions. He said financial lines remain soft, with some newer market participants and managing general agents underwriting at prices and terms he considers inadequate.
In North America, commercial property and casualty pricing excluding financial lines and workers’ compensation was up 1.3%, with rates down 1.4% and exposure change of 2.7%. Property pricing was down about 6%, while casualty pricing rose 7.1%, including a 6.4% rate increase and 0.7% exposure growth. Financial lines pricing was up 0.3%.
Asked during the question-and-answer session about casualty pricing, Greenberg said the issue was not limited to commercial auto. “It’s across casualty,” he said, adding that there is “zero evidence across the industry” that loss costs have abated.
Life Insurance and Worksite Benefits Grow Life income was $332 million, up 9% from a year earlier. Greenberg said international life insurance premiums and deposits rose almost 14.5%, with most exposure in Asia and most growth in North Asia, including China, Hong Kong, Korea and Taiwan.
Chubb’s North America Worksite Benefits business grew premiums 14%. Greenberg said the business has been built steadily over more than five years, through brokerage distribution tied to small and middle market commercial relationships and through a retooled agency force focused on small and lower middle market employers.
Greenberg said the company sees “a tremendous opportunity” to continue growing Worksite Benefits organically at double-digit rates, and expects it to become a more significant contributor to Chubb’s top and bottom line over time.
Reserves, Catastrophe Losses and Capital Pre-tax catastrophe losses were $475 million, principally from weather-related events in the U.S., Enns said. Chubb recorded favorable pre-tax prior period development of $441 million in active companies, with 89% from short-tail lines and 11% from long-tail lines. The corporate runoff portfolio had adverse development of $158 million, more than two-thirds of which came from molestation-related claims development.
Net loss reserves increased to nearly $69 billion, up 4% from the second quarter of 2025. The paid-to-incurred ratio was 90% for the quarter, or 86% excluding catastrophe losses, prior period development and agriculture. When asked why the ratio remains below pre-pandemic levels, Greenberg said it “speaks to overall the strength of our reserves.”
Enns said the core operating effective tax rate was 19.2% for the quarter, below the company’s previously guided range because of shifts in income mix and discrete tax benefits. Chubb continues to expect a full-year core operating effective tax rate of 19.5% to 20%.
Greenberg said Chubb remains confident in its ability to generate strong operating earnings growth and double-digit tangible book value growth over time, while acknowledging softer commercial property and casualty market conditions. “We have many sources and handles to pull,” he said, citing the company’s global mix, life business, invested assets and capital management.
About Chubb (NYSE:CB)Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Key Takeaways Chubb's core operating EPS rose 18.2% to $7.26, beating estimates by 9.5%.P&C underwriting income increased 18.8%, while the combined ratio improved to 83.8%.Record investment income and lower catastrophe losses helped strengthen Chubb's quarterly results. Chubb Limited (CB - Free Report) reported second-quarter 2026 core operating earnings of $7.26 per share, which beat the Zacks Consensus Estimate of $6.63 by 9.5%. The bottom line increased 18.2% year over year.
Revenues rose 2.7% year over year to $15.77 billion but missed the consensus mark of $15.90 billion by 0.8%. Stronger P&C underwriting, record investment income and higher life insurance income supported results. Net premiums earned increased 5.8% to $13.89 billion.
CB's Underwriting Profit RisesP&C underwriting income increased 18.8% year over year to $1.94 billion. The combined ratio improved 180 basis points to 83.8%, reflecting a lower share of premiums consumed by claims and expenses. Our estimate was $1.15 billion.
Current accident year underwriting income, excluding catastrophe losses, advanced 5.8% to $2.13 billion. The corresponding combined ratio improved 10 basis points to 82.2%, indicating steady underlying profitability.
Chubb's Catastrophe Losses DeclinePre-tax net catastrophe losses were $475 million, down from $630 million in the year-ago quarter. Favorable prior-period reserve development increased to $283 million from $249 million.
These factors helped offset softer conditions in selected property lines. Management said pricing pressure remained most pronounced in large-account and excess and surplus property, while softness was spreading to parts of casualty and financial lines.
CB's Premium Growth Remains BroadConsolidated net premiums written increased 3.6% year over year to $14.71 billion. The Zacks Consensus Estimate was $15 billion while our estimate was $15.1 billion. P&C net premiums written rose 3.0% to $12.77 billion and increased 6.3% when large-account and excess and surplus property were excluded.
Global P&C net premiums written, excluding agriculture, advanced 2.8% to $11.99 billion. Life insurance net premiums written grew 7.5% to $1.94 billion, adding balance to the company's premium expansion.
Chubb's North America Results DivergeNorth America Commercial P&C net premiums written declined 2.3% to $5.59 billion. Our estimate was $5.9 billion. Major accounts and specialty fell 9.0% as underwriting actions weighed on property business, while middle-market and small commercial premiums increased 8.9% to $2.34 billion.
North America Personal P&C net premiums written grew 6.0% to $2.05 billion (our estimate was $2 billion), while its combined ratio improved 620 basis points to 67.3%. Agricultural premiums rose 6.0% to $776 million (our estimate was $769 billion), though the segment's combined ratio increased 60 basis points to 89.7%.
CB's Overseas Business Delivers GrowthOverseas General Insurance net premiums written jumped 10.2% to $3.99 billion, or 4.8% in constant dollars. Our estimate was $4.2 billion. Commercial P&C premiums increased 8.8%, while consumer P&C premiums advanced 12.1%.
The segment's combined ratio improved 810 basis points to 82.2%. Latin America, Asia and Europe posted premium growth of 15.6%, 12.0% and 5.1%, respectively, underscoring the benefit of Chubb's geographic diversification.
Chubb's Investment and Life Income RisePre-tax net investment income increased 12.3% to a record $1.76 billion. Adjusted net investment income rose 11.4% to $1.88 billion, supported by fixed-income and alternative asset portfolios.
Life Insurance segment income increased 9.0% to $332 million. Net premiums written and deposits collected climbed 14.4% to $2.65 billion, with International Life income up 13.0%.
CB's Cash Flow Funds Shareholder ReturnsOperating cash flow totaled $3.73 billion, while adjusted operating cash flow was $3.48 billion. Chubb returned $1.37 billion to shareholders during the quarter.
Share repurchases totaled $979 million at an average price of $327.18 per share. Dividend payments were $395 million, bringing the total capital returned during the first six months of 2026 to $2.90 billion.
Chubb's Book Value StrengthensBook value per share was $195.45 as of June 30, 2026, up 12.3% year over year. Tangible book value per share increased 17.1% to $131.93.
Annualized core operating return on tangible equity was 21.2%, while annualized core operating return on equity was 14.5%. Total invested assets were $175.40 billion, supporting the company's investment income base.
Zacks RankChubb currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other InsurersThe Progressive Corporation’s (PGR - Free Report) second-quarter 2026 earnings per share of $4.85 beat the Zacks Consensus Estimate by 3.2%. The bottom line, however, decreased 6.1% year over year. Net premiums written were $21.1 billion in the quarter, up 5% from $20.1 billion a year ago.
Net premiums earned grew 6% to $21.6 billion. The reported figure met the Zacks Consensus Estimate. Net realized gains on securities were $604 million, up 56% year over year. Combined ratio — the percentage of premiums paid out as claims and expenses — deteriorated 110 basis points from the prior-year quarter’s level to 87.1.
The Travelers Companies, Inc. (TRV - Free Report) reported second-quarter 2026 core income of $10.04 per share, which beat the Zacks Consensus Estimate of $5.21 by 92.7%. The bottom line climbed 54% year over year. Revenues of $12.09 billion missed the Zacks Consensus Estimate of $12.27 billion by 1.5%.
Net investment income rose 14% year over year to $1.07 billion pre-tax ($883 million after tax). The combined ratio improved 670 basis points year over year to 83.6%, reflecting lower catastrophe losses, stronger reserve development and a better underlying combined ratio.
W.R. Berkley Corporation (WRB - Free Report) reported second-quarter 2026 operating income of $1.27 per share, which beat the Zacks Consensus Estimate by 16.5%. The bottom line increased 21% year over year. Operating revenues totaled $3.8 billion, up 3.6% year over year. The top line surpassed the consensus estimate by 1.87%.
W.R. Berkley’s net premiums written were about $3.4 billion, up 2.4% year over year. The figure surpassed our estimate of $3.4 billion. The consolidated combined ratio (a measure of underwriting profitability) improved 160 basis points year over year to 90, missing the Zacks Consensus Estimate of 92.
Chubb Limited (CB) Q2 2026 Earnings Call July 22, 2026 8:30 AM EDT
Company Participants
Susan Spivak Bernstein - Senior Vice President of Investor Relations
Evan G. Greenberg - Chairman & CEO
Peter Enns - Executive VP & CFO
Christopher Hogan - Senior VP of Chubb Group & Chief Investment Officer
Conference Call Participants
Matthew Heimermann - Citigroup Inc., Research Division
Meyer Shields - Keefe, Bruyette, & Woods, Inc., Research Division
Jian Huang - Morgan Stanley, Research Division
Tracy Benguigui - Wolfe Research, LLC
Robert Cox - Goldman Sachs Group, Inc., Research Division
David Motemaden - Evercore ISI Institutional Equities, Research Division
Charles Peters - Raymond James & Associates, Inc., Research Division
Andrew Kligerman - TD Cowen, Research Division
Taylor Scott - Barclays Bank PLC, Research Division
Presentation
Operator
Thank you for standing by. My name is Jerrill, and I will be your conference operator today. At this time, I would like to welcome everyone to the Chubb Limited Second Quarter 2026 Earnings Call. [Operator Instructions]
I would now like to turn the conference over to Susan Spivak, Senior Vice President, Investor Relations. You may begin.
Susan Spivak Bernstein
Senior Vice President of Investor Relations
Thank you, and welcome to our June 30, 2026, second quarter earnings conference call. Our report today will contain forward-looking statements, including statements relating to the company's performance, pricing and business mix, growth opportunities and economic and market conditions, which are subject to risks and uncertainties, and actual results may differ materially. See our recent SEC filings, earnings release and financial supplement, which are all available on our website at investors.chubb.com for more information on factors that could affect these matters.
We will also refer today to non-GAAP financial measures, reconciliations of which to the most direct comparable GAAP measures and related details are provided in our earnings press release and financial supplement.
For the quarter ended June 2026, Chubb (CB - Free Report) reported revenue of $15.77 billion, up 6.5% over the same period last year. EPS came in at $7.26, compared to $6.14 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $15.9 billion, representing a surprise of -0.8%. The company delivered an EPS surprise of +9.5%, with the consensus EPS estimate being $6.63.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Chubb performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Loss and loss expense ratio: 56.7% versus 58.3% estimated by seven analysts on average.Combined ratio: 83.8% versus 85.5% estimated by seven analysts on average.North America Agricultural Insurance - Combined ratio: 89.7% versus 89.4% estimated by six analysts on average.North America Agricultural Insurance - Loss and loss expense ratio: 82% compared to the 82% average estimate based on six analysts.Net premiums written- North American Personal P&C Insurance: $2.05 billion compared to the $2.04 billion average estimate based on six analysts. The reported number represents a change of +6% year over year.Adjusted Net investment income- Overseas General Insurance: $313 million compared to the $308.11 million average estimate based on six analysts. The reported number represents a change of +12.6% year over year.Adjusted Net investment income- Global Reinsurance: $110 million versus the six-analyst average estimate of $95.14 million. The reported number represents a year-over-year change of +29.4%.Net premiums written- Total P&C: $12.77 billion versus $13.01 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +3% change.Net premiums written- Global Reinsurance: $354 million compared to the $365.08 million average estimate based on six analysts. The reported number represents a change of -6.8% year over year.Net premiums written- Overseas General Insurance: $3.99 billion versus the six-analyst average estimate of $4 billion. The reported number represents a year-over-year change of +10.2%.Adjusted Net investment income- North America Agricultural Insurance: $21 million versus $23.99 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10.5% change.Net premiums earned- Total P&C (Property and Casualty): $11.96 billion compared to the $12.06 billion average estimate based on six analysts. The reported number represents a change of +5.5% year over year.View all Key Company Metrics for Chubb here>>>
Shares of Chubb have returned +8.4% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
On July 21, 2026, Chubb Ltd (CB) released its 8-K filing, showcasing its financial performance for the second quarter. The company reported a net income of $2.8
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Chubb (CB - Free Report) came out with quarterly earnings of $7.26 per share, beating the Zacks Consensus Estimate of $6.63 per share. This compares to earnings of $6.14 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +9.50%. A quarter ago, it was expected that this insurer would post earnings of $6.48 per share when it actually produced earnings of $6.82, delivering a surprise of +5.25%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Chubb, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $15.77 billion for the quarter ended June 2026, missing the Zacks Consensus Estimate by 0.8%. This compares to year-ago revenues of $14.81 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Chubb shares have added about 13% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Chubb?While Chubb has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Chubb was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $6.33 on $16.81 billion in revenues for the coming quarter and $26.77 on $64.36 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Property and Casualty is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, The Hartford Insurance Group (HIG - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on July 23.
This insurance and financial services company is expected to post quarterly earnings of $3.13 per share in its upcoming report, which represents a year-over-year change of -8.2%. The consensus EPS estimate for the quarter has been revised 2% lower over the last 30 days to the current level.
The Hartford Insurance Group's revenues are expected to be $5.19 billion, up 6% from the year-ago quarter.
Net income was $2.85 billion versus $2.97 billion prior year, and core operating income was $2.84 billion, up 14.6%. P&C net premiums written were $12.77 billion, up 3.0%, or 6.3% excluding large account and E&S property. North America Commercial was down 2.3%. Middle market and small commercial was up 8.9%. Major accounts and specialty was down 9.0% due to underwriting actions on property, and up 0.4% excluding large account and E&S property. North America Personal was up 6.0%. North America Agriculture was up 6.0%. Overseas General was up 10.2%, or 4.8% in constant dollars. Consumer insurance was up 12.1% and commercial insurance was up 8.8%; Latin America, Asia and Europe were up 15.6%, 12.0% and 5.1%, respectively. P&C underwriting income was $1.94 billion, up 18.8%, with a combined ratio of 83.8%. P&C current accident year underwriting income excluding catastrophe losses was $2.13 billion, up 5.8%, with a combined ratio of 82.2%. Total pre-tax net catastrophe losses were $475 million compared with $630 million in the prior year. Total pre-tax favorable prior period development was $283 million compared with $249 million in the prior year. Life Insurance net premiums written were $1.94 billion, up 7.5%, and segment income was $332 million, up 9.0%, with International Life income up 13.0%. Life Insurance net premiums written and deposits collected were $2.65 billion, up 14.4%. Pre-tax net investment income was $1.76 billion, up 12.3%, and adjusted net investment income was $1.88 billion, up 11.4%. Both were records. Annualized return on equity (ROE) was 15.3%. Annualized core operating return on tangible equity (ROTE) was 21.2% and annualized core operating ROE was 14.5%. , /PRNewswire/ -- Chubb Limited (NYSE: CB) today reported net income for the quarter ended June 30, 2026 of $2.85 billion, or $7.30 per share, and core operating income of $2.84 billion, or $7.26 per share. Book value per share and tangible book value per share increased 12.3% and 17.1%, respectively, from June 30, 2025 and now stand at $195.45 and $131.93. For the last three months, book value was favorably impacted by after-tax net realized and unrealized gains of $388 million in Chubb's investment portfolio, partially offset by $254 million of foreign currency losses. Book value per share and tangible book value per share excluding AOCI increased 11.4% and 15.8%, from June 30, 2025.
Chubb Limited
Second Quarter Summary
(in millions of U.S. dollars, except per share amounts and ratios)
(Unaudited)
(Per Share)
2026
2025
Change
2026
2025
Change
Net income
$2,854
$2,968
(3.8) %
$7.30
$7.35
(0.7) %
Adjusted net realized (gains) losses and other,
net of tax
(47)
(539)
(91.3) %
(0.13)
(1.33)
(90.2) %
Integration expenses and severance, net of tax
6
2
NM
0.02
-
NM
Market risk benefits (gains) losses, net of tax
(4)
15
NM
(0.01)
0.04
NM
Amortization of deferred tax asset from Bermuda law
33
34
(2.9) %
0.08
0.08
-
Core operating income, net of tax
$2,842
$2,480
14.6 %
$7.26
$6.14
18.2 %
Annualized return on equity (ROE)
15.3 %
17.6 %
Core operating return on tangible equity (ROTE)
21.2 %
21.0 %
Core operating ROE
14.5 %
13.9 %
For the six months ended June 30, 2026, net income was $5.17 billion, or $13.17 per share, and core operating income was $5.53 billion, or $14.07 per share. Book value per share and tangible book value per share increased by 3.6% and 4.5%, from December 31, 2025. For the last six months, book value was unfavorably impacted by after-tax net realized and unrealized losses of $1.55 billion in Chubb's investment portfolio, partially offset by $92 million of foreign currency gains. Book value per share and tangible book value per share excluding AOCI increased 4.7% and 6.4%, from December 31, 2025.
Chubb Limited
Six Months Ended Summary
(in millions of U.S. dollars, except per share amounts and ratios)
(Unaudited)
(Per Share)
2026
2025
Change
2026
2025
Change
Net income
$5,174
$4,299
20.4 %
$13.17
$10.63
23.9 %
Adjusted net realized (gains) losses and other,
net of tax
296
(480)
NM
0.75
(1.18)
NM
Integration expenses and severance, net of tax
13
2
NM
0.03
-
NM
Market risk benefits (gains) losses, net of tax
(16)
93
NM
(0.04)
0.23
NM
Amortization of deferred tax asset from Bermuda law
64
55
16.4 %
0.16
0.14
14.3 %
Core operating income, net of tax
$5,531
$3,969
39.4 %
$14.07
$9.82
43.3 %
Annualized return on equity (ROE)
13.9 %
12.9 %
Core operating return on tangible equity (ROTE)
20.9 %
16.9 %
Core operating ROE
14.3 %
11.2 %
For the six months ended June 30, 2026 and 2025, the tax expenses (benefits) related to the table above were $3 million and $55 million, respectively for adjusted net realized gains and losses and other; $(4) million and nil for integration expenses and severance; $3 million and $(16) million for market risk benefits gains and losses, and $1.32 billion and $937 million for core operating income.
Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited, commented: "We had a very strong quarter with results that again reflect the strengths of our company, including our sources of income, our diversification globally and the growth opportunities it presents, the size and strength of our balance sheet and the growth of our invested asset, and, finally, our disciplined approach to underwriting, which is a hallmark of our culture.
"Strong P&C underwriting, investment and life income led to core operating earnings of $2.8 billion, or $7.26 per share, up 14.6% and 18.2%, respectively, over the prior year. Our most important measure of value creation, tangible book value per share, increased 17.1% from last year.
"P&C underwriting income was more than $1.9 billion, up almost 19%, with a combined ratio of 83.8% – a standout result – and on a current accident year basis excluding CATs, the combined ratio was 82.2%. On the investment side of our business, adjusted net investment income was a record $1.88 billion, up more than 11%, supported by excellent performance in our fixed income and alternative asset portfolios. Our invested asset now stands at $175 billion, up 9% over the last 12 months. Life income grew 9% to $332 million, with good revenue growth in our Asia Life and North America Worksite businesses.
"In terms of P&C markets, overly soft underwriting conditions persist in certain areas of property insurance globally, particularly large account and E&S related. Our revenue results reflect our underwriting discipline, and we will not underwrite knowingly at a loss. The growth penalty we are paying in property will dissipate going forward. In the meantime, soft market conditions are spreading to certain areas of casualty while financial lines also remain soft. Against that backdrop, we're well diversified and the substantial majority of our businesses are growing, and that is evident in our results.
"P&C premiums rose 3% from last year, or 6.3% excluding large account and E&S property. Overseas General grew 10.2%, with Latin America up 15.6%, Asia up 12% and Europe up 5.1%. North America was up about 0.5%, with commercial down 2.3%, while personal lines and agriculture each grew 6%. Commercial was up 4.1% excluding major and specialty property. In our international life insurance business, premiums and deposits rose 14.4%.
"We are an all-weather company. As long-term compounders of wealth in a cyclical business, we are patient and have many sources of opportunity on both the liability and asset sides of the balance sheet. CATs and FX aside, we are confident in our ability to continue to outperform and generate strong growth in operating earnings and EPS, and double-digit growth in tangible book value."
Operating highlights for the quarter ended June 30, 2026 were as follows:
Chubb Limited
Q2
Q2
(in millions of U.S. dollars except for percentages)
2026
2025
Change
Consolidated
Net premiums written (increase of 2.0% in constant dollars)
$
14,705
$
14,196
3.6 %
P&C
Net premiums written (increase of 1.4% in constant dollars)
(increase of 6.3% excluding large account and E&S property)
$
12,768
$
12,394
3.0 %
Underwriting income
$
1,937
$
1,631
18.8 %
Combined ratio
83.8 %
85.6 %
Current accident year underwriting income excluding catastrophe losses
$
2,129
$
2,012
5.8 %
Current accident year combined ratio excluding catastrophe losses
82.2 %
82.3 %
Global P&C (excludes Agriculture)
Net premiums written (increase of 1.1% in constant dollars)
$
11,992
$
11,661
2.8 %
Underwriting income
$
1,871
$
1,566
19.5 %
Combined ratio
83.5 %
85.4 %
Current accident year underwriting income excluding catastrophe losses
$
2,049
$
1,946
5.4 %
Current accident year combined ratio excluding catastrophe losses
81.9 %
81.9 %
Life Insurance
Net premiums written (increase of 6.3% in constant dollars)
$
1,937
$
1,802
7.5 %
Segment income (increase of 9.1% in constant dollars)
$
332
$
305
9.0 %
Consolidated net premiums earned increased 5.8%, or 4.0% in constant dollars. P&C net premiums earned increased 5.5%, or 3.6% in constant dollars. Operating cash flow was $3.73 billion and adjusted operating cash flow was $3.48 billion. Total capital returned to shareholders in the quarter was $1.37 billion, comprising share repurchases of $979 million at an average purchase price of $327.18 per share and dividends of $395 million. Total capital returned to shareholders for the six months was $2.90 billion, comprising share repurchases of $2.12 billion at an average purchase price of $326.03 per share and dividends of $775 million. Details of financial results by business segment are available in the Chubb Limited Financial Supplement. Key segment items for the quarter ended June 30, 2026 are presented below:
Chubb Limited
Q2
Q2
(in millions of U.S. dollars except for percentages)
2026
2025
Change
Total North America P&C Insurance
(Comprising NA Commercial P&C Insurance, NA Personal P&C Insurance and NA Agricultural Insurance)
Net premiums written
$
8,424
$
8,394
0.4 %
Combined ratio
81.5 %
81.7 %
Current accident year combined ratio excluding catastrophe losses
79.4 %
79.7 %
North America Commercial P&C Insurance
Net premiums written (increase of 4.1% excluding large account and E&S
property)
$
5,594
$
5,723
(2.3) %
Major accounts retail and excess and surplus (E&S) wholesale (increase
of 0.4% excluding large account and E&S property)
$
3,257
$
3,578
(9.0) %
Middle market and small commercial
$
2,337
$
2,145
8.9 %
Combined ratio
85.4 %
83.5 %
Current accident year combined ratio excluding catastrophe losses
81.8 %
81.1 %
North America Personal P&C Insurance
Net premiums written
$
2,054
$
1,938
6.0 %
Combined ratio
67.3 %
73.5 %
Current accident year combined ratio excluding catastrophe losses
69.9 %
72.2 %
North America Agricultural Insurance
Net premiums written
$
776
$
733
6.0 %
Combined ratio
89.7 %
89.1 %
Current accident year combined ratio excluding catastrophe losses
87.6 %
88.8 %
Overseas General Insurance
Net premiums written (increase of 4.8% in constant dollars)
$
3,990
$
3,620
10.2 %
Commercial P&C
$
2,259
$
2,077
8.8 %
Consumer P&C
$
1,731
$
1,543
12.1 %
Combined ratio
82.2 %
90.3 %
Current accident year combined ratio excluding catastrophe losses
85.2 %
85.4 %
Global Reinsurance
Net premiums written
$
354
$
380
(6.7) %
Combined ratio
76.1 %
71.0 %
Current accident year combined ratio excluding catastrophe losses
76.9 %
73.5 %
Life Insurance
Net premiums written (increase of 6.3% in constant dollars)
$
1,937
$
1,802
7.5 %
Net premiums written and deposits (increase of 12.9% in constant dollars)
$
2,652
$
2,320
14.4 %
Segment income (increase of 9.1% in constant dollars)
$
332
$
305
9.0 %
North America Commercial P&C Insurance: The combined ratio increased 1.9 percentage points, including a 1.3 percentage point increase from higher catastrophe losses and a 0.5 percentage point increase in the current accident year loss ratio excluding catastrophe losses. North America Personal P&C Insurance: The combined ratio decreased 6.2 percentage points, including a 2.4 percentage point decrease from higher favorable prior period development, a 1.5 percentage point decrease from lower catastrophe losses, and a 1.5 percentage point decrease in the current accident year loss ratio excluding catastrophe losses. North America Agricultural Insurance: The combined ratio increased 0.6 percentage points, including a 1.8 percentage point increase from higher catastrophe losses, partially offset by a 0.7 percentage point decrease in the underlying expense ratio, and a 0.5 percentage point decrease in the current accident year loss ratio excluding catastrophe losses. Overseas General Insurance: The combined ratio decreased 8.1 percentage points, including a 6.5 percentage point decrease from lower catastrophe losses, a 1.4 percentage point decrease from higher favorable prior period development, and a 0.6 percentage point decrease in the current accident year loss ratio excluding catastrophe losses, partially offset by a 0.4 percentage point increase in the underlying expense ratio, due to shift in the mix of business. Life Insurance: Net premiums written were $1.94 billion, up 7.5%, with International Life of $1.59 billion, up 6.2%, and Chubb Benefits up 14.0%. Life Segment income was $332 million, up 9.0%, primarily reflecting growth in International Life of 13.0%. All comparisons are with the same period last year unless otherwise specifically stated.
Please refer to the Chubb Limited Financial Supplement, dated June 30, 2026, which is posted on Chubb's investor relations website, investors.chubb.com, in the Financials section for more detailed information on individual segment performance, together with additional disclosure on reinsurance recoverable, loss reserves, investment portfolio, and debt and capital.
Chubb Limited will hold its second quarter earnings conference call on Wednesday, July 22, 2026, at 8:30 a.m. Eastern. The earnings conference call will be available via live webcast at investors.chubb.com or by dialing 877-400-4403 (within the United States) or 332-251-2601 (international), passcode 1641662. Please refer to the Chubb website under Events and Presentations for details. A replay will be available after the call at the same location. To listen to the replay, click here to register and receive dial-in numbers.
In this release, business activity for, and the financial position of, Chubb acquisitions are reported at 100%, as required, except for core operating income, net income, book value, tangible book value, ROE, per share data, and certain other key metrics, which include only Chubb's ownership interest and exclude the non-controlling interest.
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.
Regulation G – Non-GAAP Financial Measures
In presenting our results, we included and discussed certain non-GAAP measures. These non-GAAP measures, which may be defined differently by other companies, are important for an understanding of our overall results of operations and financial condition. However, they should not be viewed as a substitute for measures determined in accordance with generally accepted accounting principles (GAAP).
Throughout this document there are various measures presented on a constant-dollar basis (i.e., excludes the impact of foreign exchange). We believe it is useful to evaluate the trends in our results exclusive of the effect of fluctuations in exchange rates between the U.S. dollar and the currencies in which our international business is transacted, as these exchange rates could fluctuate significantly between periods and distort the analysis of trends. The impact is determined by assuming constant foreign exchange rates between periods by translating prior period results using the same local currency exchange rates as the comparable current period.
Adjusted net investment income is net investment income excluding the amortization of the fair value adjustment on acquired invested assets from certain acquisitions of $1 million and $4 million in Q2 2026 and Q2 2025, and including investment income of $119 million and $115 million in Q2 2026 and Q2 2025, from partially owned investment companies (private equity partnerships) where our ownership interest is in excess of 3% that are accounted for under the equity method. The amortization of the fair value adjustment on acquired invested assets was $3 million and $6 million for the six months ended June 30, 2026 and 2025, and the investment income from private equity partnerships was $246 million and $222 million for the six months ended June 30, 2026 and 2025. The mark-to-market movement on these private equity partnerships are included in adjusted net realized gains (losses) as described below. We believe this measure is meaningful as it highlights the underlying performance of our invested assets and portfolio management in support of our lines of business.
Adjusted net realized gains (losses) and other, net of tax, includes net realized gains (losses) and net realized gains (losses) recorded in other income (expense) related to unconsolidated subsidiaries, and excludes realized gains and losses on crop derivatives and realized gains and losses on underlying investments supporting the liabilities of certain participating policies related to the policyholders' share of gains and losses. The crop derivatives were purchased to provide economic benefit, in a manner similar to reinsurance protection, in the event that a significant decline in commodity pricing impacts underwriting results. We view gains and losses on these derivatives as part of the results of our underwriting operations, and therefore realized gains (losses) from these derivatives are reclassified to adjusted losses and loss expenses. The realized gains and losses on underlying investments supporting the liabilities of certain participating policies have been reclassified from net realized gains (losses) to adjusted policy benefits. We believe this better reflects the economics of the liabilities and the underlying investments supporting those liabilities. Other includes the amortization of fair value adjustment of acquired invested assets and long-term debt related to certain acquisitions. See Core operating income for further description of these items.
P&C underwriting income (loss) excludes the Life Insurance segment and is calculated by subtracting adjusted losses and loss expenses, adjusted policy benefits, policy acquisition costs and administrative expenses from net premiums earned. We use underwriting income (loss) and operating ratios to monitor the results of our operations without the impact of certain factors, including net investment income, other income (expense), interest expense, amortization expense of purchased intangibles, integration expenses and severance, amortization of fair value of acquired invested assets and debt, income tax expense, adjusted net realized gains (losses), and market risk benefits gains (losses).
P&C current accident year underwriting income excluding catastrophe losses is P&C underwriting income adjusted to exclude P&C catastrophe losses and prior period development (PPD). We believe it is useful to exclude catastrophe losses, as they are not predictable as to timing and amount, and PPD as these unexpected loss developments on historical reserves are not indicative of our current underwriting performance. We believe the use of these measures enhances the understanding of our results of operations by highlighting the underlying profitability of our insurance business. References in this release to "current accident year" or "underlying" metrics exclude catastrophe losses and prior period development, unless stated otherwise.
Core operating income relates only to Chubb income, which excludes noncontrolling interests. It excludes from Chubb net income the after-tax impact of adjusted net realized gains (losses) and other, which include items described in this paragraph, and market risk benefits gains (losses). We believe this presentation enhances the understanding of our results of operations by highlighting the underlying profitability of our insurance business. We exclude adjusted net realized gains (losses) and market risk benefits gains (losses) because the amount of these gains (losses) is heavily influenced by, and fluctuates in part according to, the availability of market opportunities. In addition, we exclude the amortization of fair value adjustments on purchased invested assets and long-term debt related to certain acquisitions due to the size and complexity of these acquisitions. We also exclude integration expenses, including legal and professional fees and all other costs directly related to acquisition integration activities, as well as severance expenses associated with transformation initiatives to enhance operational efficiency. The costs are not related to the ongoing activities of the individual segments and are therefore included in Corporate and excluded from our definition of segment income. We believe these integration expenses and severance are not indicative of our underlying profitability, and excluding these integration expenses and severance facilitates the comparison of our financial results to our historical operating results. Additionally, we exclude the amortization of the deferred tax asset related to the tax benefit from the Bermuda Economic Transition Adjustment, which we believe provides investors with a better view of our operating performance, enhances the understanding of the trends in the underlying business, improves comparability between periods and provides increased transparency. References to core operating income measures mean net of tax, whether or not noted.
Core operating return on equity (ROE) and Core operating return on tangible equity (ROTE) are annualized non-GAAP financial measures. The numerator includes core operating income (loss), net of tax. The denominator includes the average Chubb shareholders' equity for the period adjusted to exclude unrealized gains (losses) on investments, current discount rate on future policy benefits (FPB), and instrument-specific credit risk on market risk benefits (MRB), all net of tax and attributable to Chubb. For the ROTE calculation, the denominator is also adjusted to exclude Chubb goodwill and other intangible assets, net of tax. These measures enhance the understanding of the return on shareholders' equity by highlighting the underlying profitability relative to shareholders' equity and tangible equity excluding the effect of these items as these are heavily influenced by changes in market conditions. We believe ROTE is meaningful because it measures the performance of our operations without the impact of goodwill and other intangible assets.
P&C combined ratio is the sum of the loss and loss expense ratio, acquisition cost ratio and the administrative expense ratio excluding the life business and including the realized gains and losses on the crop derivatives, as noted above.
P&C current accident year combined ratio excluding catastrophe losses excludes the impact of P&C catastrophe losses and PPD from the P&C combined ratio. We believe this measure provides a useful evaluation of our underwriting performance and enhances the understanding of the trends in our P&C business that may be obscured by these items.
Global P&C performance metrics comprise consolidated operating results (including corporate) and exclude the operating results of Chubb's Life Insurance and North America Agricultural Insurance segments. The agriculture insurance business is a different business in that it is a public sector and private sector partnership in which insurance rates, premium growth, and risk-sharing is not market-driven like the remainder of Chubb's P&C insurance business. We believe that these measures are useful and meaningful to investors as they are used by management to assess Chubb's global P&C operations which are the most economically similar. We exclude the North America Agricultural Insurance and Life Insurance segments because the results of these businesses do not always correlate with the results of our global P&C operations.
Tangible book value per common share is Chubb shareholders' equity less Chubb goodwill and other intangible assets, net of tax, divided by the shares outstanding. We believe that goodwill and other intangible assets are not indicative of our underlying insurance results or trends and make book value comparisons to less acquisitive peer companies less meaningful.
Book value per share and tangible book value per share excluding accumulated other comprehensive income (loss) (AOCI), excludes AOCI from the numerator because it eliminates the effect of items that can fluctuate significantly from period to period, primarily based on changes in interest rates and foreign currency movement, to highlight underlying growth in book and tangible book value.
Adjusted operating cash flow is Operating cash flow excluding the operating cash flow related to the net investing activities of Huatai's asset management companies as it relates to the Consolidated Investment Products as required under consolidation accounting. Because these entities are investment companies, we are required to retain the investment company presentation in our consolidated results, which means we include the net investing activities of these entities in our operating cash flows. Chubb has elected to remove the impact of net investing activities of consolidated investment companies from our operating cash flow as they may distort a reader's analysis of our underlying operating cash flow related to the core insurance company operations. These net investing activities are more appropriately classified outside of operating cash flows, consistent with our consolidated investing activities. Accordingly, we believe that it is appropriate to adjust operating cash flow for the impact of consolidated investment products.
Life Insurance and International life insurance net premiums written and deposits collected includes deposits collected on universal life and investment contracts (life deposits). Life deposits are not reflected as revenues in our consolidated statements of operations in accordance with U.S. GAAP. However, we include life deposits in presenting growth in our life insurance business because life deposits are an important component of production and key to our efforts to grow our business.
See the reconciliation of Non-GAAP Financial Measures on pages 27-33 in the Financial Supplement. These measures should not be viewed as a substitute for measures determined in accordance with GAAP, including premium, net income, book value, return on equity, and net investment income.
Forward-looking statements made in this press release, such as those related to company performance, pricing, growth opportunities, economic and market conditions, and our expectations and intentions and other statements that are not historical facts, reflect our current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the following: competition, pricing and policy term trends, the levels of new and renewal business achieved, the frequency and severity of unpredictable catastrophic events, actual loss experience, uncertainties in the reserving or settlement process, integration activities and performance of acquired companies, loss of key employees or disruptions to our operations, new theories of liability, judicial, legislative, regulatory and other governmental developments, litigation tactics and developments, investigation developments and actual settlement terms, the amount and timing of reinsurance recoverable, credit developments among reinsurers, rating agency action, possible terrorism or the outbreak and effects of war, economic, political, regulatory, insurance and reinsurance business conditions, potential strategic opportunities including acquisitions and our ability to achieve them, as well as management's response to these factors, and other factors identified in our filings with the Securities and Exchange Commission (SEC). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Chubb Limited
Summary Consolidated Balance Sheets
(in millions of U.S. dollars, except per share data)
(Unaudited)
June 30
2026
December 31
2025
Assets
Investments
$
172,649
$
168,720
Cash and restricted cash
2,753
2,470
Total invested assets
175,402
171,190
Insurance and reinsurance balances receivable
19,068
15,944
Reinsurance recoverable on losses and loss expenses
20,284
20,338
Goodwill and other intangible assets ($25,859 and $25,775 represents
Chubb portion as of 6/30/2026 and 12/31/2025, respectively)
26,488
26,448
Other assets
40,080
38,407
Total assets
$
281,322
$
272,327
Liabilities
Unpaid losses and loss expenses
$
89,669
$
88,018
Unearned premiums
28,511
26,279
Other liabilities
82,297
78,251
Total liabilities
200,477
192,548
Shareholders' equity
Chubb shareholders' equity, excl. AOCI
81,295
78,732
Accumulated other comprehensive income (loss) (AOCI)
(5,923)
(4,975)
Chubb shareholders' equity
75,372
73,757
Noncontrolling interests
5,473
6,022
Total shareholders' equity
80,845
79,779
Total liabilities and shareholders' equity
$
281,322
$
272,327
Book value per common share
$
195.45
$
188.59
Tangible book value per common share
$
131.93
$
126.22
Book value per common share, excl. AOCI
$
210.81
$
201.31
Tangible book value per common share, excl. AOCI
$
145.67
$
136.91
Chubb Limited
Summary Consolidated Financial Data
(in millions of U.S. dollars, except share, per share data, and ratios)
Bessemer Group Inc. raised its position in shares of Chubb Limited (NYSE:CB – Free Report) by 16.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 16,639 shares of the financial services provider’s stock after purchasing an additional 2,389 shares during the quarter. Bessemer Group Inc.’s holdings in Chubb were worth $5,424,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in CB. CBIZ Investment Advisory Services LLC raised its stake in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares during the last quarter. Frazier Financial Advisors LLC boosted its position in Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 38 shares during the last quarter. Merkkuri Wealth Advisors LLC bought a new position in shares of Chubb in the 1st quarter worth about $29,000. Laurel Wealth Advisors LLC bought a new position in shares of Chubb in the 4th quarter worth about $31,000. Finally, Ares Financial Consulting LLC acquired a new position in Chubb in the fourth quarter valued at approximately $32,000. Institutional investors own 83.81% of the company’s stock.
Chubb Stock Performance NYSE CB opened at $352.75 on Tuesday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $365.29. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $136.82 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.82 and a beta of 0.40. The company has a fifty day moving average price of $332.98 and a 200-day moving average price of $326.03.
Chubb (NYSE:CB – Get Free Report) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The company had revenue of $14.93 billion during the quarter. As a group, equities research analysts predict that Chubb Limited will post 26.75 EPS for the current fiscal year.
Chubb Increases Dividend The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is 14.41%.
Insider Activity at Chubb In other news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades A number of analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a research report on Monday. Evercore reissued an “outperform” rating and issued a $374.00 price target on shares of Chubb in a research report on Friday, July 10th. Citizens Jmp upped their price objective on shares of Chubb from $365.00 to $400.00 and gave the stock a “market outperform” rating in a report on Friday, July 10th. Morgan Stanley lifted their price objective on shares of Chubb from $330.00 to $340.00 and gave the company an “equal weight” rating in a report on Monday, July 6th. Finally, HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and upped their target price for the stock from $370.00 to $373.00 in a report on Monday, July 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $359.09.
Read Our Latest Stock Report on CB
About Chubb (Free Report)
Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.
In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.
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Chubb Limited (NYSE:CB) will release its second quarter earnings report after the closing bell on Tuesday, July 21.
Analysts expect the Zurich, Switzerland-based company to report quarterly earnings of $6.73 per share, up from $6.14 per share in the year-ago period. The consensus estimate for Chubb’s quarterly revenue is $13.01 billion. It reported $12.39 billion last year, according to Benzinga Pro.
On May 21, Chubb raised its quarterly dividend from 97 cents to $1.02 per share and announced a $7.5 billion buyback plan.
Chubb shares gained 0.1% to close at $352.53 on Monday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying CB stock? Here’s what analysts think:
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James Wixtead Appointed Executive Chairman; Michael O'Donnell Named President
, /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced key executive appointments to its global reinsurance business, Chubb Tempest Re. James Wixtead, Senior Vice President, Chubb Group and President, Chubb Tempest Re Group, has been named Executive Chairman. Michael O'Donnell, currently Division President, Chubb Tempest Re USA, has been named Senior Vice President, Chubb Group and President, Chubb Tempest Re, succeeding Wixtead. The appointments are effective August 1.
As Executive Chairman, Wixtead will provide governance oversight and advise on strategy for Chubb global reinsurance. As President, O'Donnell has day-to-day executive management responsibility for Chubb Tempest Re, both top and bottom line.
Chubb Tempest Re provides a broad range of traditional and specialty reinsurance products to a diverse array of primary property and casualty insurance companies. O'Donnell will report to Evan G. Greenberg, Chubb Chairman and Chief Executive Officer, and John Keogh, President and Chief Operating Officer, Chubb Group.
"For over three decades in this industry, Jim has earned the confidence of clients and brokers around the world and instilled the underwriting discipline that defines how we operate," said Greenberg. "I want to thank him for his years of contribution."
Greenberg added, "Michael is an exceptional underwriter who has led our U.S. reinsurance operation with distinction for more than a decade. His command of this business and its complexities give me full confidence in his ability to grow our global reinsurance franchise."
Wixtead brings nearly 40 years of insurance industry experience to the role. Prior to ACE's acquisition of Chubb in January 2016, he was President, ACE Tempest Re Group, and he was appointed Senior Vice President, ACE Group, in July 2014. From 2005 to 2014, he served as Division President of ACE Tempest Re USA, responsible for ACE's traditional and non-traditional property and casualty reinsurance business in North America. He currently serves as an advisor on the Board of Directors for ABR Re and holds a Bachelor of Arts degree in government from Bowdoin College.
O'Donnell has served as Division President, Chubb Tempest Re USA, since 2014, with responsibility for Chubb's domestic property and casualty assumed reinsurance operation. He joined Chubb Tempest Re in 2006 as a casualty treaty underwriter and began his career with General Reinsurance Corp. as a casualty facultative underwriter. He earned an MBA from Fordham University and a Bachelor of Science degree in finance from Villanova University.
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.
Chubb (CB +2.46%), the world's largest publicly traded provider of property, supplemental health, and casualty insurance, is a reliable blue chip stock. It's based in Switzerland, and it does business across 54 countries and territories. The current version of the company was created in 2016 after ACE Limited acquired the original Chubb and inherited its brand.
Chubb's stock has rallied 172% over the past ten years. With reinvested dividends, it delivered a total return of 226%. But at $352, it trades at just 12 times trailing earnings, compared to the S&P 500's historically high multiple of 32. It also pays a forward yield of 1.2%. So is it an undervalued, defensive stock to buy today?
Image source: Getty Images.
How fast is Chubb growing? From 2016 to 2025, Chubb's revenue and EPS grew at CAGRs of 7% and 13%, respectively. That growth was initially driven by ACE's takeover of Chubb, which instantly made it a powerhouse in the property and casualty insurance market.
Chubb dominated the high-net-worth insurance market in the U.S., expanded in Asia, replaced its legacy systems with newer technology platforms, and reduced its exposure to weaker businesses rather than taking on bad risk. Its fixed-income portfolio also benefited from higher interest rates.
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From 2025 to 2028, analysts expect Chubb's revenue and EPS to grow at CAGRs of 5% and 7%, respectively. That growth should be driven by the expansion of its middle-market and small commercial accounts to curb its dependence on the softer corporate property market, its deeper push into life insurance across Asia, automated underwriting services, agentic AI upgrades, and the "rolling" of its older, lower-rate fixed income investments into newer, higher-yielding ones.
Chubb also recently raised its dividend for the 33 consecutive year and authorized a new $7.5 billion buyback (equivalent to 5.5% of its current market cap). Those confident moves suggest its core businesses will continue to generate plenty of excess cash for the foreseeable future.
Is it the right time to buy Chubb's stock? Chubb's scale, diversification, and tech-driven upgrades make it a smart stock to buy today. It has a wide moat and is well insulated from macro headwinds because its customers generally won't cancel their insurance policies to save a few dollars.
While Chubb isn't a high-growth play, it's a stable one that should generate reliable returns. That's probably why Berkshire Hathaway significantly increased its position in Chubb over the past three years, and why it still looks like a screaming bargain at these levels.
Key Takeaways Chubb is expected to report Q2 revenue growth of 7.3% and EPS growth of 7.5%. Premium growth and higher investment income are expected to support results. CB's underwriting discipline and share buybacks are likely to support earnings. Chubb Limited (CB - Free Report) is expected to have registered an improvement in both top and bottom lines when it reports second-quarter 2026 results on July 21, after market close.
The Zacks Consensus Estimate for CB’s second-quarter revenues is pegged at $15.89 billion, indicating 7.3% growth from the year-ago reported figure. The consensus estimate for earnings is pegged at $6.60 per share.
The Zacks Consensus Estimate for CB’s second-quarter earnings has moved up 0.5 % in the past 60 days. The figure suggests a year-over-year rise of 7.5%.
What the Zacks Model Unveils for CBOur proven model predicts an earnings beat for Chubb this time around. This is because a stock needs to have the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). This is not the case, as you can see below:
Earnings ESP: Chubb has an Earnings ESP of +1.09%. This is because the Most Accurate Estimate of $6.67 is pegged higher than the Zacks Consensus Estimate of $6.60. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Factors Likely to Shape CB's Q2 ResultsChubb's second-quarter revenues are likely to have benefited from higher investment income and solid premium growth, driven by strong new business generation, healthy policy retention, favorable pricing in casualty and specialty lines, increased insured exposures and continued expansion across international markets. The high-net-worth personal lines business is also likely to have contributed through robust new business, strong retention and favorable pricing. Additionally, digital initiatives and AI-enabled underwriting are also expected to have supported premium growth and operational efficiency.
Premium growth in the Life Insurance segment is also expected to have been supported by strong new business in North Asia, particularly in Huatai, Hong Kong, Taiwan and Korea, reflecting continued momentum across Chubb's international life operations. The Zacks Consensus Estimate for net premiums earned is pegged at $14 billion. We expect net premiums earned to be $13.9 billion, indicating a 6.6% year-over-year increase.
Net investment income is likely to have benefited from higher average invested assets and higher reinvestment rates on fixed maturities. Chubb expects quarterly adjusted net investment income of $1.825-$1.85 billion in the second quarter of 2026. We expect net investment income to be $2 billion in the quarter to be reported, indicating a 27.6% year-over-year increase. The Zacks Consensus Estimate is pegged at $1.86 billion, indicating an 19.2% year-over-year increase.
Prudent pricing in casualty and specialty lines, disciplined underwriting and favorable prior-year reserve development are expected to have supported underwriting profitability and the combined ratio. However, softer commercial property pricing and higher catastrophe losses from severe weather events are likely to have partially offset these benefits. The Zacks Consensus Estimate for the combined ratio is pegged at 85.6.
Expenses are expected to have increased because of higher policy acquisition costs, administrative expenses and interest expenses. We estimate the metric to be $12.6 billion, indicating an 13.5% year-over-year increase.
Nevertheless, share buybacks in the to-be-reported quarter are likely to have aided the bottom line.
Other Stocks to ConsiderHere are three P&C insurance stocks you may want to consider, as our model shows that these also have the right combination of elements to post an earnings beat:
Cincinnati Financial Corporation (CINF - Free Report) has an Earnings ESP of +8.84% and a Zacks Rank #2 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $1.77, indicating a year-over-year decrease of 7.6%.
CINF’s earnings beat estimates in each of the last four reported quarters.
The Allstate Corporation (ALL - Free Report) has an Earnings ESP of +23.32% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $4.92, indicating a year-over-year decrease of 17.1%.
ALL’s earnings beat estimates in each of the last four reported quarters.
Kinsale Capital Group, Inc. (KNSL - Free Report) has an Earnings ESP of +1.33% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for second-quarter 2026 earnings is pegged at $5.09 per share, indicating a year-over-year increase of 6.5%.
KNSL’s earnings beat estimates in each of the last four reported quarters.
Analysts on Wall Street project that Chubb (CB - Free Report) will announce quarterly earnings of $6.60 per share in its forthcoming report, representing an increase of 7.5% year over year. Revenues are projected to reach $15.89 billion, increasing 7.3% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Chubb metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Net premiums written- North American Personal P&C Insurance' will likely reach $2.04 billion. The estimate suggests a change of +5.3% year over year.
It is projected by analysts that the 'Adjusted Net investment income- Overseas General Insurance' will reach $308.52 million. The estimate suggests a change of +11% year over year.
Analysts expect 'Adjusted Net investment income- Global Reinsurance' to come in at $95.41 million. The estimate suggests a change of +12.2% year over year.
Based on the collective assessment of analysts, 'Net premiums written- Total P&C' should arrive at $13.01 billion. The estimate indicates a change of +5% from the prior-year quarter.
The consensus among analysts is that 'Loss and loss expense ratio' will reach 58.5%. Compared to the present estimate, the company reported 59.0% in the same quarter last year.
According to the collective judgment of analysts, 'Combined ratio' should come in at 85.6%. Compared to the present estimate, the company reported 85.6% in the same quarter last year.
The collective assessment of analysts points to an estimated 'North America Agricultural Insurance - Combined ratio' of 89.3%. Compared to the current estimate, the company reported 89.1% in the same quarter of the previous year.
Analysts predict that the 'North America Agricultural Insurance - Loss and loss expense ratio' will reach 82.1%. Compared to the current estimate, the company reported 80.8% in the same quarter of the previous year.
The average prediction of analysts places 'North America Commercial P&C Insurance - Combined ratio' at 84.9%. Compared to the present estimate, the company reported 83.5% in the same quarter last year.
The consensus estimate for 'North America Commercial P&C Insurance - Loss and loss expense ratio' stands at 64.0%. The estimate is in contrast to the year-ago figure of 62.9%.
Analysts' assessment points toward 'Overseas General Insurance - Combined ratio' reaching 87.2%. Compared to the present estimate, the company reported 90.3% in the same quarter last year.
Analysts forecast 'Overseas General Insurance - Loss and loss expense ratio' to reach 51.2%. Compared to the current estimate, the company reported 54.2% in the same quarter of the previous year.
View all Key Company Metrics for Chubb here>>>
Over the past month, Chubb shares have recorded returns of +2.9% versus the Zacks S&P 500 composite's +0.5% change. Based on its Zacks Rank #3 (Hold), CB will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Affluent collectors ranging in age from their early 20s to their mid-40s, known as "High Earners, Not Rich Yet" (HENRYs), amass watch, jewelry, art, wine, and sports memorabilia collections worth $10,000 to $100,000+. 94% want to purchase valuables insurance, with 38% stating a preference for doing so at the point of sale. 46% of uninsured collectors mistakenly believe homeowners insurance provides adequate valuables coverage. , /PRNewswire/ -- Chubb (NYSE: CB), a world leader in insurance, today released findings from its study of young luxury collectors, revealing that 78% of these affluent Americans consider an item's future value a top purchasing factor. However, less than half have insured their collections. The gap stems largely from misconceptions by uninsured collectors who incorrectly believe homeowners' policies provide adequate valuables coverage.
Chubb's new report, "The New Era of Luxury Collecting & Investment," surveyed 1,000 affluent Americans, dubbed "HENRYs" – ranging in age from their early 20s to their mid-40s with annual incomes of $250,000 to more than $1,000,000 who actively collect luxury items such as watches, jewelry, art, antiques, wine, and sports memorabilia. The study aimed to understand their collecting motivations, purchasing behaviors, and attitudes toward protecting high-value assets.
Key Findings:
Why Young High Earners Treat Collecting as a Long-Term Investment
Chubb's survey found that collecting among these high earners is not a passing hobby. It is a long-term, investment-driven pursuit. Across the four categories below, roughly half or more of respondents have been collecting for at least five years:
Art and antiques: Among HENRY art and antiques collectors in Chubb's survey, 59% have collected for five or more years and 21% for a decade or more. Sports memorabilia: 57% for five or more years; 10% since childhood. Watches and jewelry: Over 50% for five or more years; 8% since childhood. Wine: Nearly 50% for five or more years; 21% for a decade or more. "For today's collectors, owning luxury items is both a way to express themselves and a smart financial move," said Amy McNeece, Head of Digital Consumer, Personal Risk Services at Chubb. "They buy with an eye on future value, but our research shows many still overlook the insurance protection needed to safeguard these investments."
Watch and jewelry collectors are the most active buyers: 21% make acquisitions quarterly, and 13% purchase monthly.
"These young luxury buyers are redefining what it means to be a collector," said Laura Doyle, Chubb Valuables Collections Product Leader. "They aren't simply buying things they love, they're building portfolios with the same discipline and long-term thinking you would expect from experienced investors."
What Motivates Young Luxury Collectors?
Young affluent collectors buy for more than just investment value. Their main motivations are personal enjoyment, status and prestige, and emotional connection. Across every category, roughly three quarters or more say they actively wear, display, or enjoy their items, rising to 81% among wine collectors.
Watches and jewelry: 42% are motivated by status, prestige, and building expertise. Wine: 45% collect for status, prestige, and building expertise. 81% actively drink from their collections, the highest hands-on engagement of any category. Art and antiques: 35% say the thrill of finding a rare piece is their primary motivator. Sports memorabilia: collectors are nearly twice as likely as any other group to cite nostalgia and emotional attachment. How Young Collectors Purchase and Where They Shop
Of those surveyed, 71% prefer to complete acquisitions digitally, 70% prefer to verify condition or provenance online, and 61% prefer digital authentication and grading. However, 70% still prefer to source items in person, indicating that physically evaluating an item remains a valued part of the process.
These digital-first expectations extend directly to how they want to protect what they buy. When asked how and when they would prefer to obtain coverage, their responses signaled clear demand for fast, digitally integrated protection:
94% expressed interest in purchasing valuables insurance. 58% prefer to buy insurance online. 38% want coverage available at the exact moment they acquire a new item. McNeece added, "Digital-first experiences are shaping how young collectors shop, as well as what they expect when buying insurance. The insurance process needs to be easy, fast, and simple at the point of sale. In luxury retail, the ease of protecting newly acquired valuables should match the ease of the shopping experience."
Why More Than Half of Young Collectors Remain Uninsured
The single largest barrier is a misconception about existing coverage. In Chubb's survey, 46% of uninsured collectors mistakenly believe homeowners insurance provides adequate valuables coverage, 38% have not yet gotten around to purchasing a policy, and 34% do not believe their items are at risk of loss or damage. Only 14% consider insurance too expensive.
Concerns about theft and accidental loss further underscore the need for dedicated protection:
Theft: 45% of all collectors rank it among their top three concerns. Accidental damage or loss: 42% rank it among their top three concerns. These findings highlight a growing role for embedded insurance coverage integrated directly into a retailer's or marketplace's checkout flow, allowing buyers to protect a new acquisition at the moment of purchase.
Methodology
Chubb commissioned iResearch Services, a global marketing agency that harnesses data to glean insight into consumer behavior and brand strategy, to survey 1,000 U.S. respondents who self-identify financially as HENRYs and who collect wine, art and/or antiques, watches and/or jewelry, sports memorabilia, and/or other high-value items. The survey was conducted online between August and September 2025.
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at www.chubb.com.
Partnership pairs pet verification for operators with discounted pet health insurance for renters
, /PRNewswire/ -- Foxen, a leader in multifamily solutions that reduce risk and build financial wellness for owners, operators and their renters, today announced a partnership with Healthy Paws, a Chubb company (NYSE: CB), and a leading provider of accident and illness pet insurance coverage for dogs and cats. This partnership enables eligible residents to receive a 5% discount* and streamlined access to new Healthy Paws policies within Foxen's pet management solution, PetClear. PetClear is an AI-enabled solution that verifies animal information and collects policy affirmations from all rental applicants seamlessly within the leasing process.
Healthy Paws helps pet parents prepare for the unexpected with insurance coverage for their pets' emergency care, cancer treatment and new accidents and illnesses. Coverage also includes hereditary and congenital conditions, providing financial protection across a wide range of veterinary needs.
The partnership comes as pet ownership continues to shape renters' priorities. According to Foxen's Multifamily Pet Management Trends Report, 93% of property managers surveyed allow pets in their communities, with 94% agreeing that today's renters place a high value on living with pets. This trend shows that renters are increasingly seeking communities that offer meaningful support for pet ownership.
Quick Facts
Foxen's PetClear solution helps renters and property management teams share clear expectations around pets through streamlined information gathering, verification and standardized data collection, helping maintain consistency across pet-related decisions.
Through the partnership, Foxen is giving renters access to purchase Healthy Paws pet insurance policies within the PetClear application process. Additional key features of the offering include:
A 5% discount on new Healthy Paws pet insurance policies for eligible residents* Flexible policy options to meet a range of resident needs A seamless experience that simplifies securing pet insurance Streamlining Renters' Pet Compliance Obligations and Reducing Risk
The partnership also builds on PetClear's operational value for multifamily teams. By combining resident-facing benefits with operational efficiencies, the Healthy Paws partnership further expands the value PetClear delivers across the multifamily industry.
"Partnering with Healthy Paws helps us provide multifamily operators with additional ways to create truly pet-friendly communities that go beyond managing risk and truly enhance the renter experience with real benefits," said Kevin Jacobson, CEO of Foxen.
A Resident Benefit Pet Owners Will Notice
Renters who complete a PetClear application can now access discounted pet insurance while they are already focused on their pets' care and documentation needs. Through Foxen, operators can deliver added convenience and meaningful savings on pet healthcare insurance to their renters.
"At Healthy Paws, we believe access to pet insurance should be simple and affordable," said Alex Faynberg, Executive Vice President of Healthy Paws. "This partnership makes coverage easier for renters to discover and enroll, while helping protect against the unexpected."
To learn more about PetClear and the Healthy Paws offering, visit foxen.com/petclear and request a demo.
Frequently Asked Questions
How do renters access the Healthy Paws discount?
Eligible renters can access the 5% discount* when purchasing a Healthy Paws policy at the completion of the PetClear application process.
What does the partnership offer operators?
This partnership provides operators with a value-add amenity that supports pet-owning renters without creating additional work for on-site teams.
What does Healthy Paws cover?
Eligible policies provide insurance against new accidents and illnesses, including emergency care, hereditary and congenital conditions and cancer treatment for renters' pets.
*The referenced 5% discount applies only for new policies issued to customers referred to Healthy Paws through the Healthy Paws links in the Foxen resident portal. The discount is not available to residents in the states of CA, HI, MN, NY, TN, or WA.
About Foxen
Foxen is a leading proptech innovator delivering value-add solutions and services that increase revenue and reduce risk for multifamily owners and operators. Our fully integrated platform enables 100% renters insurance compliance, rent reporting and credit building programs for residents and streamlined pet management. Powered by AI-enabled technology and expert customer support, Foxen continuously develops automated solutions that simplify operations, enhance resident satisfaction and retention and help properties maximize NOI. For more information about Foxen, visit www.foxen.com or follow Foxen on LinkedIn.
About Healthy Paws
Healthy Paws, a Chubb company, is a leading provider of pet health insurance in the United States, dedicated to helping pet parents give their pets the best medical care possible. Founded in 2009, Healthy Paws offers a simple, transparent plan that covers new accidents, illnesses, cancer, emergency care, genetic conditions, and more. With an easy-to-use mobile app, fast claims processing, and a customer-first approach, Healthy Paws delivers a seamless and compassionate experience. As part of Chubb, a world leader in insurance, Healthy Paws is backed by exceptional financial strength and industry expertise. Healthy Paws pet insurance products are offered through Chubb Insurance Solutions Agency Inc. (CISA) (California license no. 0D12120). Learn more at www.healthypawspetinsurance.com.
About Chubb
Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 45,000 people worldwide. Additional information can be found at: www.chubb.com.
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Chubb (CB - Free Report) closed at $346.22 in the latest trading session, marking a -2.4% move from the prior day. This change lagged the S&P 500's 0.38% gain on the day. Elsewhere, the Dow gained 0.02%, while the tech-heavy Nasdaq added 0.9%.
Shares of the insurer have appreciated by 8.5% over the course of the past month, outperforming the Finance sector's gain of 2.89%, and the S&P 500's gain of 1.27%.
Analysts and investors alike will be keeping a close eye on the performance of Chubb in its upcoming earnings disclosure. The company's earnings report is set to go public on July 21, 2026. On that day, Chubb is projected to report earnings of $6.6 per share, which would represent year-over-year growth of 7.49%. Meanwhile, our latest consensus estimate is calling for revenue of $15.89 billion, up 7.26% from the prior-year quarter.
CB's full-year Zacks Consensus Estimates are calling for earnings of $26.76 per share and revenue of $64.36 billion. These results would represent year-over-year changes of +7.95% and +7.33%, respectively.
Investors might also notice recent changes to analyst estimates for Chubb. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.16% lower. Right now, Chubb possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Chubb is presently being traded at a Forward P/E ratio of 13.26. This valuation marks a premium compared to its industry average Forward P/E of 12.02.
It is also worth noting that CB currently has a PEG ratio of 1.81. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Insurance - Property and Casualty industry had an average PEG ratio of 3.05 as trading concluded yesterday.
The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 97, positioning it in the top 40% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Wall Street expects a year-over-year increase in earnings on higher revenues when Chubb (CB - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 21, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis insurer is expected to post quarterly earnings of $6.60 per share in its upcoming report, which represents a year-over-year change of +7.5%.
Revenues are expected to be $15.89 billion, up 7.3% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 0.28% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Chubb?For Chubb, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +4.97%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Chubb will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Chubb would post earnings of $6.48 per share when it actually produced earnings of $6.82, delivering a surprise of +5.25%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Chubb appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAnother stock from the Zacks Insurance - Property and Casualty industry, Travelers (TRV - Free Report) , is soon expected to post earnings of $5.14 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -21%. Revenues for the quarter are expected to be $12.28 billion, up 1.4% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Travelers has been revised 0.9% down to the current level. Nevertheless, the company now has an Earnings ESP of +6.09%, reflecting a higher Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Travelers will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
