Warren Buffett's Berkshire Hathaway revealed a new $6.72 billion investment in insurance firm Chubb in a regulatory filing on Wednesday, which propelled the company's stock to an all-time high. Berkshire owned 25.92 million shares in Chubb as of March 31, according to a regulatory filing that details Berkshire's U.S.-listed holdings as of that date. Chubb's stock, which edged slightly lower by 0.13% during the day's trading session, soared by more than 7.5% in after-hours trading to $271.96 a share as of We ...

Warren Buffett's Berkshire Hathaway on Wednesday revealed a new, $6.72 billion stake in the insurer Chubb, confirming months of speculation that it had made a big new investment. Berkshire owned 25.92 million Chubb shares as of March 31, according to a regulatory filing detailing Berkshire's US-listed holdings as of that date. The disclosure sent Chubb's share price to a record high in after-hours trading, rising 6.3% to $268.96. Shares often rise when Berkshire reveals new holdings, reflecting what investo ...

By clicking "Sign Up", you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Access your favorite topics in a personalized feed while you're on the go. download the app Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Warren Buffett has finally revealed his company's mystery stock: Chubb. Assuming Berkshire hasn't touched its stake since then, it owns about 6.4% of Chubb — a company with a roughly $100 billi ...

The mystery stock that Berkshire Hathaway (NYSE:BRK-A, NYSE:BRK-B) has been accumulating a position in over the last six months could soon be revealed when the company releases its 13-F securities filing for the first quarter of 2024. Then again, it might not. CEO Warren Buffett has received permission from the U.S. Securities and Exchange Commission (SEC) to keep the holding secret in Berkshire's two previous 13-F filings. Buffett also declined to disclose the name of the stock at the firm's recent annual ...

• Chubb's international personal lines division provides a broad range of traditional and specialty insurance products to targeted customer segments in emerging and developed markets. • Chubb is the premier provider of high-value automobile, homeowners, recreational marine/aviation, valuables and umbrella liability coverage, with exceptional claims service, for successful individuals and families in the U.S., Canada and select international markets including the U.K., Ireland, Australia, France, Singapore a ...

The underlying assets included in Securities lending collateral in the Consolidated balance sheets are fixed maturities which are classified in the valuation hierarchy on the same basis as other fixed maturities. Excluded from the valuation hierarchy is the corresponding liability related to Chubb's obligation to return the collateral plus interest as it is reported at contract value and not fair value in the Consolidated balance sheets. 16 Table of Contents The carrying values of cash, other assets, other ...

Panuwat Dangsungnoen/iStock via Getty Images Executive Summary The Dividend Champions, companies that have raised their dividend for 25+ consecutive years, count Chubb Limited (NYSE:CB) among their esteemed members. Renowned for its dominance in property and casualty insurance markets, Chubb has consistently achieved single-digit growth and maintained exceptional underwriting standards over the years. Like other property and casualty insurers in 2023, Chubb remediated some of its portfolios and implemen ...

Earnings beat estimates, but it perhaps wasn't enough to offset a premium valuation and angst over interest rates.Shares of insurance giant Chubb Limited (CB -3.17%) were falling on Wednesday, down as much as 4.3% before recovering to a 3.1% decline as of 1:30 p.m. ET.Chubb reported earnings last night, and in truth, there wasn't much to complain about for shareholders. However, most insurance stocks were down on Wednesday, as economic concerns moved to the forefront. Given Chubb's premium valuation, at lea ...

Chubb Limited (CB) reported first-quarter 2024 core operating income of $5.41 per share, which outpaced the Zacks Consensus Estimate by 2.3%. The bottom line increased 22.7% year over year.Chubb's results reflected solid underwriting income, lower catastrophe loss and improved combined ratio across most of the segments. The insurer witnessed double-digit premium revenue growth from across the globe with strong results in commercial and consumer P&C and Asia life businesses.Quarter in DetailNet premiums writ ...

Financial Data and Key Metrics Changes - The company reported a core operating income increase of over 20% to $2.2 billion, with operating EPS up nearly 23% to $5.41 [49][75] - Adjusted net investment income reached nearly $1.5 billion, up 23.5%, with invested assets exceeding $140 billion, a 19% increase over the last two years [50][62] - The combined ratio improved to 86%, with a current accident year combined ratio of 83.7% [75][76] Business Line Data and Key Metrics Changes - Global P&C net premiums increased by 13.3%, with commercial up over 11% and consumer up over 19% [51][52] - Financial lines saw a decline of about 7.5%, while personal lines in North America grew by 12.3% [52][56] - The high net-worth personal lines business grew over 12% with new business growth of nearly 35% [83] Market Data and Key Metrics Changes - North America commercial premiums increased by 9.5%, with personal insurance growing by 12.3% [52][64] - Asia led international growth with premiums up 40%, while Latin America and Europe grew by approximately 13% and 10.3%, respectively [58][84] - The international life insurance business saw premiums and deposits increase by over 50% in constant dollars, primarily driven by Asia [86] Company Strategy and Development Direction - The company is focused on balancing growth with underwriting margins, particularly in financial lines where rates are declining [56][81] - There is a commitment to enhancing services and technology to improve customer experience and risk management [135] - The company is actively managing its balance sheet and has a strong financial position, with book value exceeding $60 billion [62][76] Management's Comments on Operating Environment and Future Outlook - Management noted that the underwriting environment is favorable overall, despite challenges in financial lines [51][56] - The company expects continued growth in operating earnings through P&C revenue growth and investment income [87] - There is an acknowledgment of elevated uncertainty in the market, but the company is leaning into growth opportunities [70][119] Other Important Information - The company issued $1 billion of 10-year debt to retire existing debt and closed on an additional 9% of shares of Huatai, increasing ownership to 85.5% [63][64] - A contribution of $30 million was made to the Chubb Charitable Foundation, providing a net benefit of $0.08 per share [62] Q&A Session Summary Question: Can you provide more detail on the unfavorable reserve development on long tail lines? - The unfavorable reserve development was predominantly from large count excess casualty, particularly in trucking and logistics [92][93] Question: How is the company addressing social inflation? - The company is focused on risk selection and pricing, acknowledging that addressing social inflation will be a long-term process [98][100] Question: What is the outlook for casualty reserves in the industry? - The company expects trends to remain stable, with reporting patterns changing post-COVID [152][153] Question: Can you elaborate on the growth in reinsurance lines? - The growth is off a relatively small base, but the company is seeing positive conditions in the reinsurance market [106][107] Question: What is the company's strategy regarding M&A? - The company is currently focused on its strong results and excess capital, with no immediate plans for M&A [130][131]