Warren Buffett's Berkshire Hathaway now owns around 27 million Chubb (CB) shares valued at roughly $6.9 billion, compared to nearly 26 million in Q1 of 2024. Berkshire Hathaway has boosted its position in Chubb slightly, to nearly 6.7% in Q2 of 2024 from 6.4% in the prior quarter. Amidst a challenging market landscape, Warren Buffett, along with equity managers Todd Combs and Ted Weschler, has not found many options in the investment arena this year. Their attention has largely grabbed Chubb, due to their p ...

ZURICH, Aug. 12, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced three executive appointments in the company's finance organization effective Sept 4, 2024. Chubb appoints George Ohsiek Vice President, Chubb Group and Chief Accounting OfficerChubb appoints George Ohsiek Vice President, Chubb Group and Chief Accounting Officer Chubb appoints Annmarie Hagan Vice President, Chubb Group and Chief Financial Officer of Operations & Technology and Transformation Chubb appoints Annmarie Hagan Vice Pres ...

ZURICH, Aug. 8, 2024 /PRNewswire/ -- The Board of Directors of Chubb Limited (NYSE: CB) today declared a quarterly dividend equal to $0.91 per share, payable on October 4, 2024 to shareholders of record at the close of business on September 13, 2024. The dividend will be payable out of legal reserves and will be made in United States dollars by the company's transfer agent, as described in the Chubb Limited 2024 proxy statement. This will be the second installment as approved by the company's shareholders o ...

The 2034 Notes constitute a further issuance of, and will be consolidated and form a single series with, the 5.000% Senior Notes due 2034, of which $1 billion aggregate principal amount was issued on March 7, 2024 (the "Existing 2034 Notes"). The issue price of the 2034 Notes will include accrued interest from, and including, March 7, 2024 to, but excluding, the issue date of the additional 2034 Notes, which is expected to be July 31, 2024. The terms of the 2034 Notes, other than their issue date and issue ...

Insurance policy with pen and folder. designer491 Earlier this year, investors were in a tizzy trying to figure out the name of a stock that Warren Buffett was buying for Berkshire Hathaway's (BRK.B) portfolio. Buffett was known to be buying up such a stock because SEC filings revealed that purchases were being made; however, the disclosures did not actually name the stock. Significant effort was made trying to identify the stock in question. In May, the secret stock was finally revealed: Chubb (NYSE:CB). C ...

ITEM 4. Controls and Procedures Chubb's management, with the participation of Chubb's Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of Chubb's disclosure controls and procedures as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934 as of June 30, 2024. Based upon that evaluation, Chubb's Chief Executive Officer and Chief Financial Officer concluded that Chubb's disclosure controls and procedures are effective in allowing information requ ...

Chubb Limited (CB) reported second-quarter 2024 core operating income of $5.38 per share, which outpaced the Zacks Consensus Estimate by 6.8%. The bottom line increased 9.3% year over year. Chubb's results reflect double-digit premium revenue growth, with strong results in North America P&C, International P&C and Life Insurance divisions, solid underwriting margins and sturdy investment income, partially offset by a higher level of catastrophe. Shares gained more than 1% in the after-market trading session ...

Chubb Limited (NYSE:CB) Q2 2024 Earnings Conference Call July 24, 2024 8:30 AM ET Company Participants Karen Beyer - Senior Vice President, Investor Relations Evan Greenberg - Chairman & Chief Executive Officer Peter Enns - Chief Financial Officer Paul O'Connell - Chief Actuary Officer Conference Call Participants Michael Zaremski - BMO Capital Markets Brian Meredith - UBS Bob Huang - Morgan Stanley David Motemaden - Evercore ISI Yaron Kinar - Jefferies Mike Ward - Citi Gregory Peters - Raymond James Operat ...

Chubb (CB) reported $13.86 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 13.2%. EPS of $5.38 for the same period compares to $4.92 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $13.69 billion, representing a surprise of +1.19%. The company delivered an EPS surprise of +6.75%, with the consensus EPS estimate being $5.04. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Chubb has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Ahead of this earnings release, the estimate revisions trend for Chubb: unfavorable. Wh ...