Chubb Ltd Stock Research

Market Summary

USD191.86+5.29

Delayed

2.84%

CB Alerts

1 major insider sales recently.
Big fall in earnings (Y/Y)
Losses in recent quarter

CB Stock Price

CB RSI Chart

CB Valuation

Market Cap

79.5B

Price/Earnings (Trailing)

23.84

Price/Sales (Trailing)

1.88

EV/EBITDA

12.88

Price/Free Cashflow

7.07

CB Price/Sales (Trailing)

CB Profitability

EBT Margin

15.56%

Return on Equity

6.6%

Return on Assets

1.68%

Free Cashflow Yield

14.13%

CB Fundamentals

CB Revenue

Revenue Y/Y

11.85%

Revenue Q/Q

22.02%

CB Earnings

Earnings (TTM)

3.3B

Earnings Y/Y

-131.01%

Earnings Q/Q

-181.77%

Price Action

52 Week Range

173.78231.37

(Low)(High)

Last 7 days

-7.8%

Last 30 days

-13.0%

Last 90 days

-11.9%

Trailing 12 Months

-8.9%

CB Financial Health

Debt/Equity

0.28

Debt/Cashflow

0.78

CB Investor Care

Buy Backs (1Y)

2.81%

Diluted EPS (TTM)

12.55

Peers (Alternatives to Chubb)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PGR	83.5B	49.6B	-3.33%	25.86%	115.74	1.68	4.00%	-78.47%
TRV	40.0B	36.9B	-11.25%	-6.12%	14.06	1.08	5.94%	-22.39%
AIG	38.3B	56.4B	-22.60%	-17.13%	3.73	0.68	8.41%	9.46%
ALL	29.5B	51.4B	-18.97%	-12.44%	-20.82	0.57	1.63%	-195.35%
RE	24.8B	12.1B	-11.42%	23.49%	41.48	2.05	1.63%	-56.71%
HIG	23.3B	22.4B	-16.76%	-3.54%	11.93	1.05	-0.13%	-23.26%
Y	11.4B	6.8B	0.57%	29.95%	32.11	0.97	-36.57%	-61.35%
AFG	10.2B	7.0B	-13.98%	-9.38%	11.39	1.45	7.45%	-54.99%
MID-CAP
RNR	8.6B	6.3B	-14.12%	28.23%	-8.11	1.36	21.94%	-2542.77%
ESGR	4.0B	-	-8.96%	-17.12%	-4.13	4.2	-80.45%	-283.49%
SMALL-CAP
HMN	1.4B	1.4B	-7.46%	-16.42%	-543.45	1.02	3.97%	-101.82%
PLMR	1.4B	327.1M	6.70%	-11.03%	26.51	4.23	39.88%	13.79%
PRA	1.0B	1.1B	-7.52%	-28.26%	-2.5K	0.91	-1.58%	-100.28%
JRVR	812.7M	813.7M	-5.54%	1.51%	26.24	1	5.28%	117.92%

Financials for Chubb

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	-100.0%		42,223	40,938	40,661	40,963
S&GA Expenses	3.2%	3,395	3,290	3,213	3,170	3,136
EBITDA	-9.7%	7,138	7,901	8,903	9,989	-
EBITDA Margin	-9.7%	0.17*	0.19*	0.21*	0.25*	-
Earnings Before Taxes	-11.9%	6,568	7,459	8,433	9,507	9,816
EBT Margin	-11.9%	0.16*	0.18*	0.20*	0.23*	-
Interest Expenses	29.0%	570	442	470	482	492
Net Income	-45.7%	3,337	6,142	7,163	8,213	8,539
Net Income Margin	-45.7%	0.08*	0.15*	0.13*	0.20*	-
Free Cahsflow	0.5%	11,243	11,192	11,082	11,484	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	0.5%	199,144	198,111	198,051	197,990	200,054
Cash Equivalents	-5.5%	2,012	2,128	7,122	1,734	1,659
Goodwill	1.1%	16,287	16,107	1,250	15,244	15,213
Liabilities	-1.2%	148,604	150,472	145,882	141,292	140,340
. Short Term Borrowings	-67.8%	475	1,475	1,474	1,474	999
Long Term Debt	2.5%	14,402	14,044	14,311	14,585	15,169
Shareholder's Equity	6.1%	50,540	47,639	5,359	56,698	59,714
Retained Earnings	2.8%	48,334	47,022	48,363	47,148	47,365
Additional Paid-In Capital	-3.5%	7,166	7,429	7,707	7,988	8,478
Shares Outstanding	-0.1%	415	415	418	424	427

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	0.5%	11,243	11,192	11,082	11,484	11,149
Cashflow From Investing	30.3%	-5,654	-8,110	-3,509	-6,402	-6,659
Cashflow From Financing	-120.4%	-5,127	-2,326	-2,106	-4,899	-4,409
Dividend Payments	0%	1,375	1,375	1,379	1,390	1,401
Buy Backs	-21.8%	2,894	3,703	4,548	5,343	4,861

Risks for CB

What is the probability of a big loss on CB?

19.6%

Probability that Chubb stock will be more than 20% underwater in next one year

19.2%

Probability that Chubb stock will be more than 30% underwater in next one year.

Probability that Chubb stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CB drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Chubb was unfortunately bought at previous high price.

Drawdowns

Returns for CB

Cumulative Returns on CB

10.4%

10-Year Cumulative Returns

8.7%

7-Year Cumulative Returns

7.9%

5-Year Cumulative Returns

17.4%

3-Year Cumulative Returns

What are the long-term rolling returns for CB?

FIve years rolling returns for Chubb.

Annualized Returns

Which funds bought or sold CB recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	18.41	777,439	2,539,440	0.07%
2023-03-13	Claro Advisors LLC	added	12.09	299,526	1,460,530	0.48%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	12.89	12,674,800	47,008,800	0.05%
2023-03-10	MATHER GROUP, LLC.	reduced	-6.04	1,677,580	13,692,600	0.26%
2023-03-06	Rockefeller Capital Management L.P.	added	4.92	6,727,000	31,409,000	0.16%
2023-03-03	TIAA, FSB	reduced	-15.43	28,560	1,117,560	-%
2023-03-02	OLIVER LAGORE VANVALIN INVESTMENT GROUP	sold off	-100	-1,000	-	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	1,609,280	1,609,280	0.02%
2023-03-01	SMITHBRIDGE ASSET MANAGEMENT INC/DE	new	-	3,245,000	3,245,000	0.86%
2023-03-01	Regal Investment Advisors LLC	new	-	246,013	246,013	0.02%

Latest Funds Activity

Are funds buying CB calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CB

No. of Funds

Chubb News

Schedule 13G FIlings of Chubb

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	price t rowe associates inc /md/	5.9%	24,611,406	SC 13G/A
Feb 13, 2023	capital international investors	4.9%	20,312,522	SC 13G/A
Feb 09, 2023	vanguard group inc	9.19%	38,144,673	SC 13G/A
Feb 06, 2023	wellington management group llp	4.75%	19,714,509	SC 13G/A
Feb 06, 2023	blackrock inc.	6.9%	28,694,321	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	5.2%	22,571,047	SC 13G/A
Feb 11, 2022	capital international investors	5.1%	21,774,217	SC 13G/A
Feb 10, 2022	state street corp	5.11%	21,994,670	SC 13G
Feb 09, 2022	vanguard group inc	8.24%	35,503,624	SC 13G/A
Feb 04, 2022	wellington management group llp	6.42%	27,645,799	SC 13G/A

CB Fair Value

Chubb fair value in different scenarios

The table shows the Fair Value estimates for Chubb for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	168.82 -12.01%	262.31 36.72%	342.40 78.46%	448.65 133.84%	524.83 173.55%
Current Inflation	157.24 -18.04%	237.51 23.79%	303.95 58.42%	392.36 104.50%	455.27 137.29%
Very High Inflation	142.80 -25.57%	207.72 8.27%	258.88 34.93%	327.49 70.69%	375.81 95.88%

Historical Chubb Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Chubb

View All Filings

Date Filed	Form Type	Document
Mar 14, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 01, 2023	4	Insider Trading
Mar 01, 2023	4	Insider Trading

Latest Insider Trading transactions for CB

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-10	GREENBERG EVAN G	gifted	-	-	-1,978	chairman & ceo
2023-03-01	Keogh John W	gifted	-	-	-5,586	president & coo
2023-03-01	Keogh John W	gifted	-	-	3,724	president & coo
2023-02-28	Ortega Juan Luis	sold (taxes)	-83,774	211	-397	executive vice president*
2023-02-28	HAGAN ANNMARIE T	sold (taxes)	-33,552	211	-159	chief accounting officer
2023-02-28	BOROUGHS TIMOTHY ALAN	sold (taxes)	-83,563	211	-396	executive vice president*
2023-02-28	Keogh John W	sold (taxes)	-144,338	211	-684	president & coo
2023-02-28	Wayland Joseph F	sold (taxes)	-108,675	211	-515	executive vice president and*
2023-02-28	GREENBERG EVAN G	sold (taxes)	-491,255	211	-2,328	chairman & ceo
2023-02-28	Lupica John J	sold (taxes)	-108,253	211	-513	vice chrm, chubb group*

About Chubb

Evan G. Greenberg

www.chubb.com

31000

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, cyber risk, surety, and excess 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 and ranch property, 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 risk; 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 term life, group term life, medical and health, personal accident, credit life, universal life, and unit linked contracts. The company 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.

CB Income Statement

2022-12-31

Consolidated Statements Of Operations and Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues
Net premiums written	$ 41,755	$ 37,868	$ 33,820
Increase in unearned premiums	(1,366)	(1,513)	(703)
Net premiums earned	40,389	36,355	33,117
Net investment income	3,742	3,456	3,375
Net realized gains (losses)	(965)	1,152	(498)
Total revenues	43,166	40,963	35,994
Expenses
Losses and loss expenses	23,342	21,980	21,710
Policy benefits	1,492	699	784
Policy acquisition costs	7,392	6,918	6,547
Administrative expenses	3,395	3,136	2,979
Interest expense	570	492	516
Other (income) expense	74	(2,365)	(994)
Amortization of purchased intangibles	285	287	290
Cigna integration expenses	48	0	0
Total expenses	36,598	31,147	31,832
Income before income tax	6,568	9,816	4,162
Income tax expense	1,255	1,277	629
Net income	5,313	8,539	3,533
Other comprehensive income (loss):
Change in unrealized appreciation (depreciation)	(10,578)	(2,938)	2,592
Change in cumulative foreign currency translation adjustment	(986)	(530)	306
Change in other, including postretirement benefit liability adjustment	(100)	522	(232)
Other comprehensive income (loss), before income tax	(11,664)	(2,946)	2,666
Income tax (expense) benefit related to OCI items	1,121	427	(416)
Other comprehensive income (loss)	(10,543)	(2,519)	2,250
Comprehensive income (loss)	$ (5,230)	$ 6,020	$ 5,783
Earnings per share
Basic earnings per share	$ 12.66	$ 19.41	$ 7.82
Diluted earnings per share	$ 12.55	$ 19.27	$ 7.79

CB Balance Sheet

2022-12-31

Consolidated Balance Sheets - USD ($)
$ in Millions

Dec. 31, 2022

Dec. 31, 2021

Assets

Fixed maturities available for sale, at fair value, net of valuation allowance - $169 and $14 (amortized cost – $93,355 and $90,493)

$ 85,220

$ 93,108

Fixed maturities held to maturity, at amortized cost, net of valuation allowance - $34 and $35 (fair value – $8,439 and $10,647)

8,848

10,118

Equity securities, at fair value

827

4,782

Short-term investments, at fair value (amortized cost – $4,962 and $3,147)

4,960

3,146

Other investments, at fair value

13,696

11,169

Total investments

113,551

122,323

Cash

2,012

1,659

Restricted cash

115

152

Securities lending collateral

1,523

1,831

Accrued investment income

941

821

Insurance and reinsurance balances receivable, net of valuation allowance - $52 and $46

11,933

11,322

Reinsurance recoverable on losses and loss expenses, net of valuation allowance - $351 and $329

^[1]

18,901

17,366

Reinsurance recoverable on policy benefits

^[1]

303

213

Deferred policy acquisition costs

5,788

5,513

Value of business acquired

3,596

236

Goodwill

16,287

15,213

Other intangible assets

5,441

5,455

Prepaid reinsurance premiums

3,140

3,028

Investments in partially-owned insurance companies

2,877

3,130

Other assets

12,736

11,792

Total assets

199,144

200,054

Liabilities

Unpaid losses and loss expenses

76,323

72,943

Unearned premiums

20,360

19,101

Future policy benefits

10,120

5,947

Insurance and reinsurance balances payable

7,795

7,243

Securities lending payable

1,523

1,831

Accounts payable, accrued expenses, and other liabilities

15,587

15,004

Deferred tax liabilities

292

389

Repurchase agreements

1,419

1,406

Short-term debt

475

999

Long-term debt

14,402

15,169

Trust preferred securities

308

Total liabilities

148,604

140,340

Commitments and contingencies (refer to Note 10)

Shareholders' equity

Common Shares (CHF 24.15 par value; 446,376,614 and 474,021,114 shares issued; 414,594,856 and 426,572,612 shares outstanding)

10,346

10,985

Common Shares in treasury (31,781,758 and 47,448,502 shares)

(5,113)

(7,464)

Additional paid-in capital

7,166

8,478

Retained earnings

48,334

47,365

Accumulated other comprehensive income (loss) (AOCI)

(10,193)

350

Total shareholders’ equity

50,540

59,714

Total liabilities and shareholders’ equity

$ 199,144

$ 200,054

[1]	Net of valuation allowance for uncollectible reinsurance.