Chubb Limited (CB) Gets Higher Target at Roth Capital on Strong Underwriting Results

Core Insights - Chubb Limited (NYSE:CB) is recognized as one of the 13 Best Long Term Low Risk Stocks to Buy Now [1] - Roth Capital Partners has raised its price target for Chubb Limited to $360 from $330, maintaining a Buy rating after the company's Q4 earnings exceeded expectations [2] - The company reported a strong underwriting performance with a combined ratio of 81.2% and an underlying combined ratio of 80.6% [2] Financial Performance - Chubb reported a higher fourth-quarter profit, driven by increased investment income and a significant reduction in catastrophe losses [3] - Pre-tax net investment income reached a record $1.69 billion, reflecting an 8% increase [4] - Catastrophe losses decreased to $365 million from $607 million year-over-year, indicating a reduction in earnings volatility for the company [4] - Core operating income rose to $2.98 billion, or $7.52 per share, compared to $2.45 billion, or $6.02 per share, in the same period last year [5] Market Context - Insurance spending remains robust despite broader cutbacks by businesses and consumers, highlighting ongoing efforts to mitigate risks from climate-related events and cyber threats [3] - Chubb Limited operates as a holding company based in Switzerland, providing insurance and reinsurance products globally [5]