Core Viewpoint - Chubb Limited reported strong third-quarter earnings, surpassing expectations, driven by solid performance across various segments, although some areas faced challenges due to higher catastrophe losses [2][4][11]. Financial Performance - Core operating income for Q3 2024 was $5.72 per share, exceeding the Zacks Consensus Estimate by 16% and reflecting a year-over-year increase of 15.6% [2]. - Net premiums written rose 5.5% year over year to $13.8 billion, although it fell short of the consensus estimate of $14.3 billion [3]. - Total revenues reached $15 billion, a 6.5% year-over-year improvement, but missed the consensus estimate by 1.5% [3]. Underwriting and Investment Income - Property and casualty (P&C) underwriting income was $1.4 billion, up 11.7% year over year, surpassing the Zacks Consensus Estimate of $1.1 billion [4]. - Pre-tax net investment income increased by 14.7% year over year to $1.5 billion, matching estimates [3]. Segment Performance - North America Commercial P&C Insurance saw net premiums written increase by 7.2% to $5.5 billion, with a combined ratio of 86.5% [6]. - North America Personal P&C Insurance net premiums written climbed 10% to $1.6 billion, with a combined ratio improving to 81.3% [7]. - Overseas General Insurance net premiums written rose 4.9% to $3.3 billion, with a combined ratio of 86% [9]. - Life Insurance segment net premiums written increased by 6.8% to $1.6 billion, although it was below the estimate of $2 billion [10]. Financial Health - As of September 30, 2024, Chubb's cash balance was $2.6 billion, a 2.1% increase from the end of 2023, and total shareholders' equity grew 10% to $70.1 billion [11]. - Book value per share increased by 11.1% to $163.16 [11]. - Core operating return on tangible equity expanded by 50 basis points year over year to 21.7% [12]. Capital Deployment - In the quarter, Chubb repurchased shares worth $413 million and paid $369 million in dividends [13]. Market Outlook - Recent estimates for Chubb have trended downward, with a consensus estimate shift of -5% [14][15]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [17]. Industry Comparison - Chubb operates within the Zacks Insurance - Property and Casualty industry, where RLI Corp. reported a 21.6% year-over-year revenue increase, highlighting competitive performance within the sector [18].

Core Viewpoint - Chubb Limited (CB) has shown strong performance in the stock market, with a year-to-date increase of 29.1%, outperforming the Finance sector and the S&P 500, but underperforming its industry peers [1] Financial Performance - Chubb's shares are trading significantly above the 50-day moving average, indicating a bullish trend [2] - The company has a market capitalization of $116.8 billion, making it one of the largest property and casualty (P&C) insurers globally [2] - Return on equity for the trailing 12 months stands at 15.5%, significantly higher than the industry average of 7.6% [5] - Return on invested capital (ROIC) has been increasing, currently at 10.1%, compared to the industry average of 5.8% [6] Analyst Sentiment - Positive sentiment is reflected as eight out of eleven analysts have raised their earnings estimates for the current year, with the Zacks Consensus Estimate for 2024 and 2025 earnings increasing by 2.2% and 0.5%, respectively [4] Growth Factors - Chubb is focusing on capitalizing on middle-market businesses and enhancing its core and specialty products for long-term growth [7] - The company is pursuing strategic mergers and acquisitions to diversify its portfolio and expand its geographic footprint, which has positively impacted premium revenues [8] - Premiums are expected to benefit from commercial P&C rate increases, new business, and strong renewal retention [8] Capital Position - Chubb maintains a strong capital position and cash-generation capabilities, supporting shareholder wealth distribution and growth initiatives [9] Risks and Challenges - The company faces exposure to catastrophe events, which can induce volatility in underwriting profitability. Recent estimates indicate losses from Hurricane Milton could range from $250 million to $300 million pre-tax [10] - Chubb's leverage and times interest earned metrics are less favorable compared to the industry [11] Valuation - Chubb shares are trading at a price-to-book multiple of 1.66, slightly above the industry average of 1.62, but are considered cheaper compared to other insurers like The Travelers Companies and The Allstate Corporation [11] Price Target - The average price target for Chubb shares, based on short-term estimates from 23 analysts, is $301.22, suggesting a potential upside of 4.4% from the recent closing price [12] Dividend History - Chubb has a strong dividend history, having increased dividends for 31 consecutive years, with a current yield of 1.6%, outperforming the industry average of 0.2% [14]

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 ...