Core Viewpoint - Chubb's stock has recently been trending negatively, with a return of -3.1% over the past month, contrasting with the S&P 500's +0.6% and the insurance industry’s +1% [1] Earnings Estimate Revisions - Chubb is expected to report earnings of $5.53 per share for the current quarter, reflecting a year-over-year decline of -33.4% [4] - The consensus earnings estimate for the current fiscal year is $21.77, indicating a year-over-year change of -3.4%, with a recent adjustment of +2.3% [4] - For the next fiscal year, the consensus estimate is $23.11, showing a growth of +6.1% compared to the previous year, with a slight increase of +0.7% over the past month [5] Revenue Growth - The consensus sales estimate for the current quarter is $14.5 billion, representing a year-over-year increase of +8.4% [8] - For the current fiscal year, the revenue estimate is $56.5 billion, indicating a growth of +10.7%, while the next fiscal year's estimate is $60.84 billion, reflecting a +7.7% change [8] Last Reported Results and Surprise History - Chubb reported revenues of $15.01 billion in the last quarter, a year-over-year increase of +6.6%, with an EPS of $5.72 compared to $4.95 a year ago [9] - The reported revenues were slightly below the Zacks Consensus Estimate of $15.25 billion, resulting in a surprise of -1.56%, while the EPS exceeded estimates by +16.02% [10] - Chubb has consistently beaten consensus EPS estimates in the last four quarters and has surpassed revenue estimates three times during this period [10] Valuation - Chubb is graded B in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [14] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued [12][13] Bottom Line - Chubb's Zacks Rank 3 suggests that its performance may align with the broader market in the near term, despite the current market buzz [15]

Core Insights - The report titled "Saudi Arabia Life Insurance: Key Trends and Opportunities to 2028" provides an in-depth analysis of the life insurance segment in Saudi Arabia, focusing on market dynamics and growth opportunities [1][2][10] Market Overview - The report covers key performance indicators such as gross written premium, penetration rates, and premium ceded during the review period from 2019 to 2023, as well as projections for 2024 to 2028 [2][9] - It includes a comprehensive overview of Saudi Arabia's economy and demographics, which are crucial for understanding the life insurance market [3][8] Regulatory Environment - The report details the evolution of Saudi Arabia's insurance regulatory framework, including key facts, taxation regimes, licensing, and capital requirements [4][8] Market Structure - It provides insights into the market structure of the life insurance segment, detailing various lines of business and the reinsurance market, including premium ceded and cession rates [8][9] Distribution Channels - The report analyzes the distribution channels utilized by life insurers in Saudi Arabia, which is essential for understanding how products reach consumers [3][8] Competitive Landscape - A detailed overview of the competitive landscape is provided, including profiles of major life insurance companies operating in Saudi Arabia such as Al-Rajhi Insurance, Allianz Saudi Fransi Insurance, and others [9][11] - The report also highlights key market trends and dynamics that affect competition within the life insurance segment [10]

Core Viewpoint - Chubb (CB) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is primarily influenced by changes in a company's earnings potential, which is strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Chubb suggest an improvement in the company's underlying business, likely leading to increased stock prices as investors respond positively [5][10]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7][9]. - Chubb's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10]. Earnings Estimate Revisions for Chubb - For the fiscal year ending December 2024, Chubb is expected to earn $21.66 per share, reflecting a year-over-year change of -3.9% [8]. - Over the past three months, the Zacks Consensus Estimate for Chubb has increased by 2.3%, indicating a positive trend in earnings estimates [8].

Shares of Chubb (NYSE: CB ) have been a solid performer over the past year, gaining 26%, thanks to benefits from higher rates and its track record of sturdy underwriting. However, shares have pulled back about 7% from its high, given catastrophe losses during hurricane season. I lastOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or ha ...

ZURICH, Nov. 1, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announces losses in the fourth quarter of 2024 attributable to Hurricane Milton are estimated to be $250-300 million pre-tax and $208-250 million after-tax, net of reinsurance and including reinstatement premiums.These estimates include losses generated from the company's commercial and personal property and casualty insurance businesses as well as its reinsurance operations.About Chubb Chubb is a world leader in insurance. With operations ...

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Chubb (CB) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Chubb is one of 872 individual stocks in the Finance sector. Collectively, these companies sit at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, an ...

The ‘Oracle of Omaha’ is one of the most widely respected financial minds of all time — and investors don’t just take his advice to heart — they often take their cues from the moves that Warren Buffett makes.Over the course of 2024, the billionaire has significantly reduced his holding in Apple (NASDAQ: AAPL) — soon after, the markets woke up to the fact that the company might be a bit overvalued going into the next quarter.Likewise, Berkshire Hathaway (NYSE: BRK.A) slashed its holdings in Bank of America ( ...

NEW YORK, Oct. 31, 2024 /PRNewswire/ -- Chubb (NYSE: CB) today announced two appointments that enhance the company's leadership structure in Latin America.Recognizing fast-moving developments and opportunities across the region, Chubb named Mario Romanelli as Regional President South America and Diego Sosa as Regional President Northern Latin America. Effective immediately, both Mario and Diego will report to Paul McNamee, Executive Vice President, Chubb Group and President, Chubb Overseas General.Romanelli ...

Chubb CB reported stronger-than-expected earnings for the third quarter on Tuesday. The company posted quarterly earnings of $5.72 per share which beat the analyst consensus estimate of $4.98 per share. The company reported quarterly sales of $12.28 billion which missed the analyst consensus estimate of $12.54 billion. Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited, commented, "We had an outstanding quarter which contributed to record year- to-date results. Core operating income an ...

Financial Performance - Net income attributable to Chubb was $2.3 billion, up 21.9% from $2.0 billion in the prior year period, driven by strong underwriting results and record net investment income [205]. - Consolidated net premiums written were $13.8 billion, an increase of 5.5%, or 6.6% in constant dollars, with commercial insurance up 5.1% and consumer insurance up 9.4% [206]. - Total revenues increased to $14.8 billion, up 7.2% from $13.9 billion in the prior year [204]. - Operating cash flow was $4.3 billion, down from $4.7 billion in the prior year period [211]. - The total consolidated net premiums earned increased by $3.4 billion, or 10.2%, for the nine months ended September 30, 2024, compared to the same period last year [217]. - The company reported a favorable PPD adjustment of $643 million, contributing positively to net premiums earned [303]. - The company anticipates continued growth in net premiums earned, driven by strategic market expansions and product innovations [304]. Investment Income - Pre-tax net investment income reached a record $1.5 billion, a 14.7% increase from $1.3 billion in the prior year period, primarily due to strong operating cash flow and higher reinvestment rates [207]. - Net investment income increased by 14.7% to $1,508 million for the three months ended September 30, 2024, and by 22.5% to $4,367 million for the nine months ended September 30, 2024, primarily due to higher reinvestment rates on fixed maturities and the consolidation of Huatai Group [310]. - The total mark-to-market gain on private equity was $170 million for the three months ended September 30, 2024, compared to $90 million for the same period in 2023 [312]. Catastrophe Losses - Total pre-tax catastrophe losses were $765 million, contributing 6.4 percentage points to the P&C combined ratio, compared to $670 million and 6.0 percentage points in the prior year [208]. - Catastrophe losses for the three months ended September 30, 2024, were $765 million, compared to $670 million in the same period last year, primarily due to severe weather-related events [219]. - Catastrophe losses for Q3 2024 were $340 million, compared to $246 million in Q3 2023, with significant losses attributed to flooding, hail, tornadoes, and winter storms [234]. Combined Ratio - The P&C combined ratio improved to 87.7% from 88.4% in the prior year, with the current accident year combined ratio excluding catastrophe losses at 83.4% [210]. - The combined ratio for Q3 2024 was 86.5%, up from 84.2% in Q3 2023, reflecting higher catastrophe losses and lower favorable prior period development [238]. - The combined ratio for Q3 2024 was 94.4%, an increase from 81.3% in Q3 2023, primarily due to higher catastrophe losses [266]. Policy Benefits and Premiums - Policy benefits rose to $1.1 billion, a 17.1% increase from $938 million in the prior year [210]. - Life insurance premiums increased by 6.8% to $1.6 billion for the three months ended September 30, 2024, driven by strong growth in Asia and the consolidation of Huatai Group's life business [213][215]. - Policy benefits increased to $1,099 million for Q3 2024, up from $938 million in Q3 2023, and $3,498 million for the nine months ended September 30, 2024, compared to $2,565 million in the same period of 2023, primarily due to the consolidation of Huatai Group [229]. Shareholder Equity and Dividends - Chubb's shareholders' equity increased by $4.7 billion in the quarter, driven by net income of $2.3 billion and net unrealized gains of $3.3 billion from the investment portfolio, partially offset by $782 million returned to shareholders [212]. - The annual dividend approved in May 2024 was $3.64 per share, representing a $0.20 per share increase over the prior year dividend [347]. Acquisitions and Consolidation - The company completed the acquisition of a controlling majority interest in Huatai Group on July 1, 2023, with its results included in the consolidated results from the acquisition date [203]. - The Life Insurance segment now includes 100% of Huatai Group's life and asset management business effective July 1, 2023, impacting overall results [273]. Debt and Financing - Total financial debt increased to $16.131 billion as of September 30, 2024, compared to $14.495 billion at December 31, 2023, reflecting a rise in long-term debt from $13.035 billion to $14.560 billion [342]. - Cash used for financing decreased to $0.1 billion in the nine months ended September 30, 2024, from $3.3 billion in the prior year, primarily due to net proceeds from long-term debt issuance [354]. Risk Management - The company actively manages catastrophe risk accumulation and utilizes sophisticated modeling techniques to assess potential losses [333]. - The U.S. hurricane modeled losses for a 1-in-100 return period could exceed $3,786 million, or 5.8% of total Chubb shareholders' equity [335]. Operational Efficiency - The loss and loss expense ratio for the P&C segment was 62.9%, reflecting a slight improvement from the previous year [304]. - Administrative expenses increased by $6 million (6.5%) for the three months and by $20 million (7.0%) for the nine months ended September 30, 2024, primarily due to increased spending on digital growth initiatives [282].