Chubb Ltd

CB: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$797.00	Jhyjpfx	Ymmfnvbyn

Chubb Earnings: Impressive Results Driven by Tailwinds on Both Sides of the Business

Brett Horn

Apr 24, 2024

Like its peers, Chubb is posting strong results at the moment amid a hard pricing environment and higher interest rates. Annualized core tangible return on equity was impressive at 22%, but not out of line with what we've seen from peers. We think the near-term outlook is bright for Chubb and see the narrow-moat company as one of the strongest names in the space. We will maintain our $236 fair value estimate and see shares as about fairly valued.

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