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Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Chubb Delivers Solid Third Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

Chubb continued to leverage a harder pricing market to drive solid third-quarter results, with the narrow-moat franchise generating an annualized ROE of 12% in the quarter despite an uptick in catastrophe losses, or 13% on a core tangible basis. We will maintain our $178 fair value estimate.

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Company Profile

Business Description

ACE acquired Chubb in the first quarter of 2016 and assumed the Chubb name. The combination makes the new Chubb one of the largest domestic property and casualty insurers, with operations in 54 countries spanning commercial and personal P&C insurance, reinsurance, and life insurance.

Contact
Baerengasse 32
Zurich, CH-8001, Switzerland
T +41 434567600
Sector Financial Services
Industry Insurance - Property & Casualty
Most Recent Earnings Sep 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 31,000

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