NYSE · Financial Services

Chubb Limited

CB · Insurance - Property & Casualty

$323.40

▼ -4.56 (-1.39%)

Cached · 10 min

Overall Grade

Defensive

Enterprising

Profitability

B⤢

Net Income Margin 15.7%

Fin. Health

F⤢

Years to Pay Off Debt 7.5 yrs

Valuation

F⤢

Margin of Safety 0.0%

Price-to-Book 1.70x

Cash Flow

A⤢

Free Cash Flow $3.9B

Defensive — Graham's strict criteria (P/B, P/E, dividends, stability) · Enterprising — Profitability & cash flow focused, accepts higher valuations for quality

About Chubb Limited

Chubb Limited provides insurance and reinsurance products worldwide. It operates in six segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance. The company offers property and general liability, workers' compensation, and umbrella; professional and management liability; environmental, health, and international coverages; and claims and risk management products and services, loss control, and engineering and complex claims management. It also provides homeowners, automobile and collector cars, valuable articles, and personal and excess liability insurance. In addition, the company offers multiple peril crop insurance and crop-hail insurance for farm, ranch, specialty (P&C), and commercial agriculture products; product and employer liability, business interruption, and specialty risk; property insurance products, including traditional commercial fire coverage, energy industry-related, marine, construction, and other technical coverages; personal accident and supplemental medical coverages, such as accidental death, business/holiday travel, specified disease, disability, medical and hospital indemnity, and income protection; and directors and officers, professional indemnity, cyber, surety, aviation, political risk, and specialty personal lines products. Further, it provides property catastrophe reinsurance; traditional and specialty P&C reinsurance; and protection and savings products, which includes individual and group term life, dental, critical illness, dementia, hospital cash, credit life, group employee benefits, whole life, universal life, unit linked contracts, endowment plans, and annuities. 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.

Market Data

Market Cap $125.4B

Enterprise Value $151.3B

P/E (TTM) 11.44

Dividend Yield 1.18%

Exchange NYSE

Key Margins

Gross Profit N/A

Operating Margin N/A

Net Margin 15.7%

Company Info

Sector Financial Services

Industry Insurance - Property & Casualty

Employees 45000

Country Switzerland

Visit website

📖

Full Graham Analysis

Mr. Market is currently offering Chubb Limited at $323.40.

The business passes only 3 of 6 of Graham's defensive criteria — well below his required standard.

At $323.40, the stock trades at a 104% premium to its Graham Number of $158.65. Graham would consider this price speculative.

There is no margin of safety at the current price. Graham would advise patience and waiting for a better entry point.

Conclusion: By Graham's standards, this stock is speculative at its current price. The intelligent investor would look elsewhere or wait.

Showing Key Metrics

Income Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Gross Profit %	N/A•	N/A•	N/A
Operating Margin %	N/A•	N/A•	N/A
Net Income %	15.7%▼	21.0%•	N/A
Diluted EPS	5.88▼	8.10•	N/A

Balance Sheet Highlights

Metric	Q1 2026	Q4 2025	Q3 2024
Total Assets	$275.5B	$272.3B	N/A
Total Debt	$17.5B▲	$17.2B•	N/A
Working Capital	N/A•	N/A•	N/A
Years to Pay Debt	7.53	5.37	N/A

Cash Flow Highlights

Metric	Q1 2026	Q4 2025	Q4 2024
Free Cash Flow	$3.9B▼	$4.1B•	N/A
Owner Earnings	N/A	N/A	N/A
CapEx % of Net Income	N/A	N/A	N/A

Income Statement

	2026	2025	2024
Tax Effect Of Unusual Items	-1,943	-12,035
Tax Rate For Calcs	0	0
Total Unusual Items	-9,000	-76,000
Total Unusual Items Excluding Goodwill	-9,000	-76,000
Net Income From Continuing Operation Net Minority Interest	2,320,000	3,210,000
Reconciled Depreciation	73,000	77,000
EBIT	3,191,000	3,975,000
Net Interest Income	-198,000	-205,000
Interest Expense	198,000	205,000
Interest Income	8,000	10,000
Normalized Income	2,327,057	3,273,965
Net Income From Continuing And Discontinued Operation	2,320,000	3,210,000
Total Expenses	11,822,000	11,533,000
Diluted Average Shares	394,600	396,500
Basic Average Shares	388,496	396,500
Diluted EPS	0	0
Basic EPS	0	0
Diluted NI Availto Com Stockholders	2,320,000	3,210,000
Net Income Common Stockholders	2,320,000	3,210,000
Net Income	2,320,000	3,210,000
Minority Interests	-27,000	37,000
Net Income Including Noncontrolling Interests	2,347,000	3,173,000
Net Income Continuous Operations	2,347,000	3,173,000
Tax Provision	646,000	597,000
Pretax Income	2,993,000	3,770,000
Other Income Expense			98,000
Special Income Charges	-9,000	-76,000
Restructuring And Mergern Acquisition	9,000	76,000
Net Non Operating Interest Income Expense	-198,000	-205,000
Interest Expense Non Operating	198,000	205,000
Other Operating Expenses	14,000	28,000
Depreciation And Amortization In Income Statement	73,000	77,000
Amortization	73,000	77,000
Selling General And Administration	1,149,000	1,161,000
General And Administrative Expense	1,149,000	1,161,000
Other Gand A	1,149,000	1,161,000
Total Revenue	14,815,000	15,303,000
Operating Revenue	14,815,000	15,303,000
Loss Adjustment Expense	6,131,000	6,281,000
Net Policyholder Benefits And Claims	6,131,000	6,281,000
Policyholder Benefits Gross	6,131,000	6,281,000

Balance Sheet

	2026	2025	2024
Treasury Shares Number	11,625	21,006
Ordinary Shares Number	388,496	391,101
Share Issued	400,121	412,107
Net Debt	15,039,000	14,955,000
Total Debt	17,470,000	17,227,000
Tangible Book Value	44,275,000	44,334,000
Invested Capital	91,258,000	90,984,000
Net Tangible Assets	44,275,000	44,334,000
Common Stock Equity	73,788,000	73,757,000
Total Capitalization	89,758,000	89,485,000
Total Equity Gross Minority Interest	79,912,000	79,779,000
Minority Interest	6,124,000	6,022,000
Stockholders Equity	73,788,000	73,757,000
Gains Losses Not Affecting Retained Earnings	-5,911,000	-4,975,000
Other Equity Adjustments	-5,911,000	-4,975,000
Treasury Stock	2,302,000	4,699,000
Retained Earnings	68,821,000	69,950,000
Additional Paid In Capital	12,956,000	13,250,000
Capital Stock	224,000	231,000
Common Stock	224,000	231,000
Total Liabilities Net Minority Interest	195,544,000	192,548,000
Preferred Securities Outside Stock Equity	425,000	422,000
Non Current Deferred Liabilities	1,759,000	1,741,000
Non Current Deferred Taxes Liabilities	1,759,000	1,741,000
Long Term Debt And Capital Lease Obligation	15,970,000	15,728,000
Long Term Debt	15,970,000	15,728,000
Current Debt And Capital Lease Obligation	1,500,000	1,499,000
Current Debt	1,500,000	1,499,000
Other Current Borrowings			1,571,000
Current Notes Payable	1,500,000	1,499,000
Payables And Accrued Expenses	8,486,000	8,349,000
Payables	8,486,000	8,349,000
Accounts Payable	8,486,000	8,349,000
Total Assets	275,456,000	272,327,000
Investments And Advances	159,025,000	157,971,000
Goodwill And Other Intangible Assets	29,513,000	29,423,000
Other Intangible Assets	9,143,000	9,216,000
Goodwill	20,370,000	20,207,000
Prepaid Assets	4,105,000	3,874,000
Receivables	37,555,000	36,568,000
Accounts Receivable	37,555,000	36,568,000
Cash Cash Equivalents And Short Term Investments	43,373,000	42,585,000
Other Short Term Investments	40,942,000	40,313,000
Cash And Cash Equivalents	2,431,000	2,272,000

Cash Flow

	2026	2025	2024
Free Cash Flow	3,947,000	4,060,000
Repurchase Of Capital Stock	-1,174,000	-1,171,000
Repayment Of Debt	0	0
Issuance Of Debt	254,000	0
Interest Paid Supplemental Data	189,000	196,000
Income Tax Paid Supplemental Data		491,000	355,000
End Cash Position	2,634,000	2,470,000
Beginning Cash Position	2,470,000	2,454,000
Effect Of Exchange Rate Changes	2,000	-51,000
Changes In Cash	162,000	67,000
Financing Cash Flow	-950,000	-1,661,000
Cash Flow From Continuing Financing Activities	-950,000	-1,661,000
Net Other Financing Charges	-15,000	-246,000
Proceeds From Stock Option Exercised	118,000	117,000
Cash Dividends Paid	-380,000	-384,000
Common Stock Dividend Paid	-380,000	-384,000
Net Common Stock Issuance	-1,174,000	-1,171,000
Common Stock Payments	-1,174,000	-1,171,000
Net Issuance Payments Of Debt	254,000	0
Net Long Term Debt Issuance	254,000	0
Long Term Debt Payments	0	0
Long Term Debt Issuance	254,000	0
Investing Cash Flow	-2,835,000	-2,332,000
Cash Flow From Continuing Investing Activities	-2,835,000	-2,332,000
Net Other Investing Changes	-386,000	-79,000
Dividends Received Cfi	241,000	701,000
Net Investment Purchase And Sale	-2,529,000	-2,093,000
Sale Of Investment	7,716,000	8,063,000
Purchase Of Investment	-10,245,000	-10,156,000
Net Business Purchase And Sale	-161,000	-861,000
Sale Of Business		-10,000
Purchase Of Business	-161,000	-851,000
Operating Cash Flow	3,947,000	4,060,000
Cash Flow From Continuing Operating Activities	3,947,000	4,060,000
Change In Working Capital	867,000	-90,000
Change In Other Working Capital	217,000
Change In Payables And Accrued Expense	-515,000	644,000
Change In Payable	-515,000	644,000
Change In Account Payable	-515,000	532,000
Change In Receivables	-832,000	289,000
Changes In Account Receivables	-832,000	289,000
Other Non Cash Items	212,000	1,237,000
Amortization Of Securities	-102,000	-106,000
Deferred Tax	156,000	122,000
Deferred Income Tax	156,000	122,000
Depreciation And Amortization	73,000	77,000
Amortization Cash Flow	73,000	77,000
Amortization Of Intangibles	73,000	77,000
Operating Gains Losses	270,000	-443,000
Earnings Losses From Equity Investments	-157,000	-364,000
Gain Loss On Investment Securities	419,000	-33,000
Net Foreign Currency Exchange Gain Loss	8,000	-46,000
Net Income From Continuing Operations	2,347,000	3,173,000

📊 Quarterly mode — Graham Fair Value & 7 Criteria require annual data. Switch to Annual for full analysis.

Quarter vs Same Quarter Last Year

YoY strips seasonality

Revenue Growth (YoY)

Prior year: $13.4B ▲ $14.8B +10.7%

Revenue growth vs same quarter last year strips seasonality. Consistent double-digit growth is a Buffett hallmark.

Net Margin

Prior year: 9.9% ▲ 15.7% +5.7pp

Net margin can be distorted by one-time items, tax timing, or interest costs — compare to operating margin for signal quality.

Quarterly Health Checks

3 Graham/Buffett criteria that are valid and reliable on quarterly data

✅ Adequate Size

Graham required scale for resilience. Quarterly revenue × 4 gives an annualised proxy.

$14.8B/qtr (≈$59.3B ann.)

vs > $1.5B annualised revenue

✅ Free Cash Flow

Buffett's most important single metric. A positive FCF quarter means the business generated real cash for owners after maintaining its asset base.

$3.9B

vs Positive

Operating Cash Flow

$3.9B

Latest quarter · Buffett's cash reality check

ROIC

N/A

Based on latest annual operating income

Market Cap / Net Assets

1.6x

Net Assets: $79.9B

Peers & Industry

No auto-detected peers for Insurance - Property & Casualty. You can manually compare CB against any stock using the Compare tool.

"The management of a business is its most important single factor — more important than market position, patents, or financial structure."

— Benjamin Graham

Capital Allocation & Alignment

Insider Ownership

9.40%

Moderate — some alignment with shareholders

Return on Equity (ROE)

3.1%

Weak — poor returns on equity

Return on Assets (ROA)

0.8%

Poor — assets are not generating adequate returns

Share Buybacks (Latest Year)

$3.7B

Management is returning capital to shareholders via buybacks

Debt Trend YoY

+1.4% YoY

Debt is roughly stable

Leadership Team

Evan Greenberg

Chairman & CEO

Age 70

Pay: $14,330,454

0.618% of net income

John Keogh

Chairman of North America Insurance, President & COO

Age 60

Pay: $6,082,297

0.262% of net income

Peter Enns

Executive VP & CFO

Age 59

Pay: $3,432,728

0.148% of net income

Juan Luis Ortega Guarderas

Executive VP of Chubb Group & President of North America Insurance

Age 50

Pay: $3,609,533

0.156% of net income

Gordon Mackechnie

VP of Chubb Group, Global Head of Tech, Division President of North America Financial Lines & CTO

Top Institutional Holders

Institution	% Owned	Shares
Berkshire Hathaway, Inc	8.27%	34,249,183
Blackrock Inc.	6.73%	27,888,703
Vanguard Capital Management LLC	5.62%	23,255,968
State Street Corporation	4.03%	16,706,179
Price (T.Rowe) Associates Inc	3.81%	15,793,551
GQG Partners LLC	3.00%	12,418,796
FMR, LLC	2.95%	12,222,474
Geode Capital Management, LLC	2.20%	9,119,205

⚠️ Current ratio below 1 — liquidity risk

Risk Analysis

Beta (Market Risk)

0.42

Low volatility — more stable than the market

Short Interest

0.9% of float

Low short interest — market is not heavily bearish

Debt-to-Equity

0.31x

Conservative balance sheet — low financial risk

Current Ratio

0.39x

Weak liquidity — current liabilities exceed current assets

52-Week Price Range

Low: $264.10 Current: $323.40 High: $345.67

Currently at 73% of 52-week range