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Morningstar’s Analysis

Valuation
Currency in USD
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1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Stronger Commercial Pricing Market Buoys Chubb in Second Quarter

Brett Horn, CFA Senior Equity Analyst

Analyst Note

| Brett Horn, CFA |

In line with what we have seen with peers, Chubb delivered a strong second quarter, with its results positively impacted by recent pricing increases in commercial lines. The narrow-moat franchise produced an annualized ROE of 15%, or 18% on a core tangible basis. We will maintain our $171 fair value estimate.

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Company Profile

Business Description

ACE acquired Chubb in the first quarter of 2016 and assumed the Chubb name. The combination makes the new Chubb one of the largest domestic property and casualty insurers, with operations in 54 countries spanning commercial and personal P&C insurance, reinsurance, and life insurance.

Contact
Baerengasse 32
Zurich, CH-8001, Switzerland
T +41 434567600
Sector Financial Services
Industry Insurance - Property & Casualty
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type
Employees 31,000

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