Buffett's Big Insurance Bet Rakes In $830 Million Since September - Chubb (NYSE:CB)

Core Insights - Warren Buffett's Berkshire Hathaway has made significant investments in stocks, including a notable increase in its position in Chubb Ltd. during the third quarter of this year, which has yielded positive returns [1][3][4] Investment Strategy - Berkshire Hathaway raised its holding in Chubb Ltd. by 16%, adding 4,299,111 shares, bringing the total to 31,332,895 shares by the end of September [3] - The investment in Chubb has resulted in a 9.1% gain since the purchase, contributing to overall portfolio performance [3][5] Financial Performance - As of September 30, Chubb shares were valued at $282.25, making Berkshire's position worth approximately $1.21 billion, which has since increased to about $1.33 billion, reflecting a gain of approximately $831 million [4] - The shares acquired in the third quarter alone have generated over $114 million in gains for Berkshire [4] Portfolio Composition - Chubb is now one of the top gainers in Berkshire's portfolio and was the eighth largest holding at the end of the third quarter [5] - The newly acquired shares of Alphabet Inc. have also become a top 10 holding, contributing positively to the portfolio [5] Comparative Performance - Year-to-date, Berkshire Hathaway shares have increased by 9.9%, while the S&P 500 ETF Trust has risen by 13.3%, indicating a potential underperformance for Berkshire relative to the index [6] - Historically, Berkshire Hathaway has outperformed the S&P 500 in three of the last four years and in 11 of the last 20 years [6]