Chubb (CB)
Financials · $130B market cap · SEC CIK 0000896159
fundamentals score out of 100
Next reports on Oct 19, 2026, after the close, with analysts expecting $6.53 in earnings per share.
The case for CB
- Cheap on earnings at 11.6×, well under the market's usual 20×.
- Revenue growing 8.0% year over year.
- A PEG of 0.47: a P/E of 11.6× is low for EPS growing 25%.
- Has compounded revenue at 10.5% a year over five years.
- Return on equity of 15%.
- Moves less than the market (beta 0.32).
The case against
- Weakest against its peers: net margin of 18% is thinner than 56% of Financials companies.
- Its weakest area is profitability (53/100): return on equity 15%, net margin 18.1%.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 71 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 64 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 53 |
| Momentumhow the price has behaved lately | 68 |
| Stabilityhow violently it moves, what it owes and what it pays you | 82 |
- Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
- Each factor except momentum is half fixed thresholds, half rank among the 74 Financials companies.
Key numbers
| Price / earnings | 11.6× |
|---|---|
| Price / book | 1.75× |
| Price / sales | 2.1× |
| Revenue growth (YoY) | +8.0% |
| EPS growth (YoY) | +24.7% |
| Gross margin | — |
| Operating margin | 23% |
| Net margin | 18% |
| Return on equity | 15% |
| Debt / equity | 0.24× |
| Current ratio | 0.16 |
| Dividend yield | 1.52% |
| Beta | 0.32 |
| 52-week range | $265.30 – $365.91 |
| Position in that range | 70% of the way up |
| 3-month return | +4.3% |
| 1-year return | +23.1% |
Five years of financials, as filed
Pulled from Chubb's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $59.4B | $55.8B | $49.7B | $43.1B | $40.9B |
| Net income | $10.3B | $9.3B | $9.0B | $5.2B | $8.5B |
| Operating cash flow | $12.8B | $16.2B | $12.6B | $11.3B | $11.2B |
| Total assets | $272B | $247B | $231B | $199B | $200B |
| Total liabilities | $193B | $178B | $167B | $148B | $140B |
| Shareholder equity | $73.8B | $64.0B | $59.5B | $50.5B | $58.3B |
| Cash | $2.5B | $2.5B | $2.6B | $2.0B | $1.7B |
| Long-term debt | $15.7B | $14.4B | $13.0B | $14.4B | $15.2B |
| Net margin | 17.4% | 16.6% | 18.2% | 12.2% | 20.9% |
| Diluted shares | 402M | 408M | 414M | 424M | 443M |
Share count is down 9.4% over 4 years. Buybacks have been shrinking the pie.
What Chubb says it does
Chubb Limited is the Swiss-incorporated holding company of the Chubb Group of Companies. Chubb Limited, which is headquartered in Zurich, Switzerland, and its direct and indirect subsidiaries (collectively, the Chubb Group of Companies, Chubb, we, us, or our) are a global insurance and reinsurance organization, serving the needs of a diverse group of clients worldwide. At December 31, 2025, we had total assets of $272 billion and total shareholders’ equity, of $74 billion (excluding noncontrolling interests). Chubb was incorporated in 1985 at which time it opened its first business office in Bermuda and continues to maintain operations in Bermuda. We have grown our business through increased premium volume, expansio n of product offerings and geographic reach, and the acquisition of other companies, to become a global property and casualty (P&C) leader. We expanded our personal accident and supplemental health (A&H), and life insurance…
Risk factors CB lists in its 10-K
- Our results of operations or financial condition could be adversely affected by the occurrence of natural and man-made disasters
- If actual claims exceed our loss reserves, our financial results could be adversely affected
- The effects of emerging claim and coverage issues on our business are uncertain
- The failure of any of the loss limitation methods we use could have an adverse effect on our results of operations and financial condition
- We may be unable to purchase reinsurance, or if we successfully purchase reinsurance, we are subject to the possibility of non-payment
- Payment of obligations under surety bonds could have an adverse effect on our results of operations
- Our exposure to various commercial and contractual counterparties, our reliance on brokers, and certain of our policies may subject us to credit risk
- Since we depend on a few brokers and agents for a large portion of our revenues, loss of business provided by any one of them could adversely affect us
- Our investment performance may affect our financial results and our ability to conduct business
- We may require additional capital or financing sources in the future, which may not be available or may be available only on unfavorable terms
- We may be required to post additional collateral because of changes in our reinsurance liabilities to regulated insurance companies, or because of regulatory changes that affect our companies
- U.S. and global economic and financial industry events and their consequences could harm our business, our liquidity and financial condition, and our stock price
- Our ability to pay dividends and make payments on indebtedness may be constrained by our holding company structure
- Swiss law imposes certain restrictions on our ability to repurchase our shares