Core Insights - Chubb reported quarterly earnings of $7.52 per share, exceeding the Zacks Consensus Estimate of $6.6 per share, and showing an increase from $6.02 per share a year ago, resulting in an earnings surprise of +13.89% [1] - The company achieved revenues of $15.34 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 1.70% and up from $14.29 billion year-over-year [2] Earnings Performance - Chubb has consistently surpassed consensus EPS estimates over the last four quarters, achieving this four times [2] - The company had an earnings surprise of +26.09% in the previous quarter, where it reported earnings of $7.49 per share against an expected $5.94 [1] Future Outlook - The sustainability of Chubb's stock price movement will depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] - Current consensus EPS estimate for the upcoming quarter is $6.51 on revenues of $14.7 billion, and for the current fiscal year, it is $26.15 on revenues of $63.01 billion [7] Industry Context - The Insurance - Property and Casualty industry, to which Chubb belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5]

Chubb Limited Financial Supplement for the Quarter and Year Ended December 31, 2025 Investor Contact Susan Spivak: (212) 827-4445 email: investorrelations@chubb.com This report is for informational purposes only. It should be read in conjunction with documents filed by Chubb Limited with the Securities and Exchange Commission, including the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Cautionary Statement Regarding Forward-Looking Statements Any forward-looking statements made ...

Company Performance - Chubb's stock closed at $309.56, reflecting a +1.11% change from the previous day's closing price, outperforming the S&P 500's 0.43% loss [1] - Over the past month, Chubb's shares have decreased by 1.91%, while the Finance sector gained 0.35% and the S&P 500 increased by 0.89% [1] Upcoming Earnings - Chubb is set to release its earnings report on February 3, 2026, with projected EPS of $6.51, indicating an 8.14% increase year-over-year [2] - Revenue is expected to reach $15.09 billion, reflecting a 5.59% growth compared to the same quarter last year [2] Full Year Estimates - For the full year, earnings are projected at $23.83 per share, showing a +5.86% change from the previous year, while revenue is estimated at $59.62 billion, indicating no growth [3] Analyst Estimates and Ratings - Recent adjustments to analyst estimates for Chubb indicate a positive outlook on the company's operations and profit generation [3] - The Zacks Rank system, which evaluates estimate changes, currently ranks Chubb at 3 (Hold) [5] Valuation Metrics - Chubb has a Forward P/E ratio of 11.71, which is higher than the industry average of 10.24, suggesting it is trading at a premium [6] - The company has a PEG ratio of 1.95, compared to the industry average of 1.67, indicating a higher valuation relative to expected earnings growth [7] Industry Context - The Insurance - Property and Casualty industry, part of the Finance sector, holds a Zacks Industry Rank of 154, placing it in the bottom 38% of over 250 industries [8]

Core Insights - Chubb Limited (CB) is anticipated to show improvements in both revenue and earnings for the fourth quarter of 2025, with results expected to be reported on February 3, after market close [1] Revenue and Earnings Estimates - The Zacks Consensus Estimate for CB's fourth-quarter revenues is $15.1 billion, reflecting a 5.8% increase from the previous year [2] - The consensus estimate for earnings is $6.58 per share, which indicates a year-over-year increase of 9.3% [2] - The earnings estimate has risen by 2.7% over the past 30 days [2] Earnings Prediction Model - The model indicates a likely earnings beat for CB, supported by a positive Earnings ESP of +0.84% and a Zacks Rank of 3 (Hold) [3][4] Factors Influencing Q4 Results - The fourth-quarter revenue is expected to benefit from strong investment results and premium revenue growth, driven by a robust product portfolio and strong retention across various product lines and regions [5] - The high net-worth personal lines business is projected to see growth from new business and retention, with positive rates across all lines [6] - Life Insurance premiums are expected to increase due to strong new business in North Asia, particularly in Huatai, Hong Kong, Taiwan, and Korea [6] Investment Income and Underwriting Profitability - Net investment income is anticipated to be $1.775 billion, benefiting from higher average invested assets and reinvestment rates [7] - The combined ratio is expected to improve due to better pricing and prudent underwriting, with the Zacks Consensus Estimate set at 83.4 [8] Expense and Share Buybacks - Expenses are projected to rise due to increased policy acquisition costs and administrative expenses, estimated at $11.4 billion [8] - Share buybacks in the quarter are likely to positively impact the bottom line [9] Summary of Q4 Performance - CB's Q4 earnings are projected at $6.58 per share, with strong premiums, investment income, and digital initiatives expected to enhance top-line performance [11]

Company Overview - Chubb Limited, formerly known as ACE Limited, is one of the world's largest providers of property and casualty (P&C) insurance and reinsurance, with a market capitalization of $86 billion [12] - The company has diversified through acquisitions into various specialty lines, including marine, medical risk, excess property, environmental, and terrorism insurance, and operates in 54 countries and territories [12] Investment Ratings - Chubb has a Zacks Rank of 3 (Hold) and a VGM Score of B, indicating a solid position but not a strong buy [13] - The Value Style Score is also rated B, supported by attractive valuation metrics such as a forward P/E ratio of 11.62, which may appeal to value investors [13] Earnings Estimates - In the last 60 days, five analysts have revised their earnings estimates higher for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.39 to $24.10 per share [13] - Chubb has an average earnings surprise of +13.4%, suggesting a positive trend in earnings performance [13] Investment Consideration - With a solid Zacks Rank and top-tier Value and VGM Style Scores, Chubb is recommended to be on investors' short lists for potential investment opportunities [14]

Core Viewpoint - Analysts expect Chubb (CB) to report quarterly earnings of $6.58 per share, reflecting a year-over-year increase of 9.3%, with revenues projected at $15.11 billion, up 5.8% from the previous year [1] Earnings Estimates - There have been no revisions in the consensus EPS estimate for the quarter over the last 30 days, indicating stability in analysts' forecasts [1][2] Key Metrics Forecast - Analysts predict 'Net premiums written - North American Personal P&C Insurance' to reach $1.75 billion, indicating a year-over-year change of +7.8% [4] - 'Net investment income - North America Commercial P&C Insurance' is expected to be $1.01 billion, reflecting an increase of +8.3% year-over-year [4] - The average forecast for 'Net premiums earned - Overseas General Insurance' is $3.73 billion, suggesting an increase of +8.6% from the prior-year quarter [4] Additional Financial Metrics - 'Net investment income - North American Personal P&C Insurance' is projected at $124.77 million, a change of +12.4% from the year-ago quarter [5] - The 'Combined ratio' is expected to reach 83.9%, down from 85.7% in the same quarter last year [5] - The consensus estimate for 'Loss and loss expense ratio' stands at 56.6%, compared to 59.4% reported in the same quarter of the previous year [5] Ratios and Performance Indicators - The 'North America Personal P&C Insurance - Loss and loss expense ratio' is estimated at 53.7%, down from 57.1% year-over-year [6] - The 'Policy acquisition cost ratio' is expected to remain stable at 20.0%, consistent with the previous year's figure [6] - The 'Administrative expense ratio' is projected at 5.5%, unchanged from the same quarter last year [7] - The 'Combined ratio' for North America Personal P&C Insurance is expected to be 79.2%, down from 82.6% year-over-year [7] Overseas Metrics - The 'Overseas General Insurance - Policy acquisition cost ratio' is estimated at 26.7%, slightly up from 26.0% in the same quarter last year [8] - The 'Overseas General Insurance - Administrative expense ratio' is projected at 9.9%, compared to 9.7% reported in the previous year [8] Stock Performance - Chubb shares have decreased by -2.7% over the past month, contrasting with the Zacks S&P 500 composite's increase of +0.8% [9]

Core Viewpoint - Chubb (CB) has been identified as a top investment opportunity due to its consistent underwriting discipline, which has allowed it to outperform peers over the past decade [1]. Company Analysis - Chubb has demonstrated strong performance in the insurance sector, attributed to its steady underwriting practices [1]. - The company is part of a broader analysis conducted by a group focused on cash flows and capital access, indicating a strategic approach to investment [1]. Industry Context - The insurance and reinsurance sectors are highlighted, with a focus on the importance of underwriting discipline in achieving superior performance [1].

Core Viewpoint - Chubb (CB) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the consensus outlook suggesting a positive earnings picture that could influence its stock price in the near term [1][2]. Earnings Expectations - The earnings report is scheduled for release on February 3, and better-than-expected key numbers could lead to a stock price increase, while missing expectations may result in a decline [2]. - The consensus estimate for Chubb's quarterly earnings is $6.58 per share, reflecting a year-over-year increase of +9.3%, with revenues projected at $15.11 billion, up 5.8% from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised 0% lower, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Chubb is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +0.84%, suggesting a bullish outlook from analysts [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [9]. - Chubb currently holds a Zacks Rank of 3, indicating a likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Chubb exceeded the expected earnings of $5.94 per share by delivering $7.49, resulting in a surprise of +26.09% [12]. - The company has successfully beaten consensus EPS estimates in each of the last four quarters [13]. Industry Context - The Hartford Insurance Group (HIG), a peer in the Zacks Insurance - Property and Casualty industry, is expected to report earnings of $3.17 per share, reflecting a year-over-year change of +7.8%, with revenues projected at $5.14 billion, up 7.4% [17]. - The Hartford's consensus EPS estimate has been revised 0.4% higher, but a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.73%, making it challenging to predict an earnings beat [18][19].

Group 1 - Chubb Limited (NYSE:CB) is considered one of the best large cap value stocks to buy in 2026, with HSBC upgrading its rating to Buy and setting a price target of $354 [1] - Citizens has increased its price target for Chubb to $350 from $325 while maintaining an Outperform rating, anticipating reduced catastrophe losses and minimal mark-to-market effects in Q4 2025 [2] - Mizuho adjusted its price target for Chubb to $317 from $318 while maintaining a Neutral rating, reflecting a slight reduction after updating models across the insurance group [3] Group 2 - Chubb Limited provides a range of insurance and reinsurance products across six segments: North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance [4]

Core Insights - Wedgewood Partners anticipates stronger market volatility in the coming years and has moderated its enthusiasm for investments [1] - The Wedgewood Composite returned -1.8% in Q4 2025, underperforming compared to the S&P 500's 2.7%, Russell 1000 Growth Index's 1.1%, and Russell 1000 Value Index's 3.8% [1] - Year-to-date, the Composite gained 4.3%, significantly lower than the indexes' returns of 17.9%, 18.6%, and 15.9% respectively [1] - The underperformance is attributed to poor stock selection, valuation corrections of past strong performers, and being underweight in AI stocks [1] - In 2026, crowded AI investments and stretched valuations are expected to pressure prudent investment decisions [1] Company Focus: Chubb Limited - Wedgewood Partners initiated a new position in Chubb Limited (NYSE:CB), a leading provider in the property and casualty insurance industry [3] - As of January 16, 2026, Chubb Limited's stock closed at $300.77 per share, with a one-month return of -3.27% and a 52-week gain of 11.61% [2] - Chubb Limited has a market capitalization of $119.914 billion [2]