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Chubb LimitedCBCompetitor analysis, valuation and peers

United States · USD·Financials›Property/Casualty Insurance

Global commercial and personal property-casualty insurer, also a leading specialty and high-net-worth personal insurer.

Momentum strong 74
Mkt cap
$139B
US dollars, full cap
Free float
100%
of shares outstanding
$/day
$582M
20-day average traded
P/B
1.91×
price to book
ROE
15.5%
delivered
Implied ROE
9.4%
what the price asks
Official | Implied
A / A+
agencies · bond market
Next earnings
88 days
2 Feb 2027
Close · USD$365.02
1D-1.8%
1W+0.2%
1M+6.2%
3M+4.8%
6M+14.6%
YTD+17.7%
1Y+29.6%
ATR %1.9%
Beta-0.32
52w lowhigh5.0% off high

What Chubb does

Global commercial and personal property-casualty insurer, also a leading specialty and high-net-worth personal insurer.

Earns underwriting profit, premiums minus claims and costs, plus investment income on premiums held until claims are paid. It sells through brokers and agents to businesses, and directly to wealthy individuals. It was formed when ACE bought Chubb in 2016 and adopted the Chubb name.

Products and services

  • Commercial property/casualty
  • Specialty insurance (marine, aviation, cyber)
  • High-net-worth personal insurance
  • Life/accident insurance (Asia)

Customers

  • Corporations
  • High-net-worth individuals
  • Small/mid-size businesses

Where it sits in the supply chain

  • Financials
  • Insurance
  • Commercial & specialty P&C, personal…

What could go right

  • Rate increases in commercial/specialty lines
  • Growth in Asia life and high-net-worth personal insurance

What could go wrong

  • Catastrophe/climate-related claims volatility
  • Competitive/soft pricing cycles in commercial insurance

Moat: narrow (scale, process know-how, brand). Global underwriting scale and broker relationships built through decades of specialty-insurance M&A (ACE-Chubb).

Headquarters: Zurich, Switzerland · Founded: 1882 · Employees: 45,000

Named competitors

Chubb at a glance

Size Chubb (CB) is a United States Financials company (Property/Casualty Insurance) with a market value of $139B, the 86th largest of 3,117 United States companies the cockpit tracks. Shares closed at $365.02 on 6 Nov 2026.

Performance Over six months the shares gained 14.6%, against +20.9% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 6 in its peer set.

Growth Revenue grew 5.9% over the last twelve months (peer median +1.1%); the operating margin is 21.9% (peer median 18.9%).

Valuation It trades at 1.91× book value against a peer median of 1.94× (3rd cheapest of 6).

Price implies The share price implies a return on equity of about 9.4%; Chubb delivers 15.5%, so the price asks less than the business earns today.

Credit Chubb has 14 bonds outstanding ($11.1B), rated A by the agencies and trading like A+ at a weighted spread of 71 bp.

Short interest Short interest is 0.8% of the free float (15 Oct 2026).

Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).

Relative performance

10011012011 May 202611 Aug 20266 Nov 2026Peer median 119CB 114
Six months, rebased to 100: Chubb against the median of its 5 peers (local-currency closes).

Chubb financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$62.1B$59.8B$55.9B$50.0B$43.0B
Revenue growth—+7%+12%+16%—
Net income$11.2B$10.3B$9.27B$9.03B$5.25B
Free cash flow$19.6B$14.5B$17.6B$13.8B$12.3B
Capital expenditure$0$0$0$0$0
Total debt$23.6B$22.2B$19.3B$18.5B$17.2B

Quarterly statements and history in the cockpit →

Chubb competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+10%+20%+30%+10%+20%8766TRV2328FFHHIGCB6-month return →1-month return →
Up and to the right = strong over both horizons. Chubb is the large dot.

Fundamentals: return on equity against price-to-book

15%20%25%10×1.50×20×2.50×8766TRV2328FFHHIGCBReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Chubb is the large dot.

Capital: ROE delivered against the ROE the price implies

10%15%20%25%10%20%8766TRV2328FFHHIGCBROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Chubb is the large dot.

Chubb competitors and peer comparison

Head to head with its named competitors (CB vs TRV vs AIG vs ZURN.SW)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
Chubb CB$139B+15%+6%15%1.91×9.4%
Travelers Companies (The) TRV$81.0B+33%+1%28%2.79×13.9%
American International AIG$40.7B+2%+1%8%1.04×7.5%
Zurich Insurance ZURN.SW$114B+16%+19%26%3.67×11.2%
Allianz ALV.DE$192B+19%+21%21%2.98×16.0%

How Chubb compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Chubb against its 5 peers (data as of 6 Nov 2026)
MeasureCBPeer medianRank in peer set
1-month return+6.2%+10.9%2nd lowest of 6
6-month return+14.6%+20.9%2nd lowest of 6
Return on equity15.5%16.5%2nd lowest of 6
Price / book1.91×1.94×3rd cheapest of 6
Trailing P/E12.8×9.8×2nd most expensive of 6
ROE the price implies9.4%7.0%3rd most demanding of 6
ROE delivered15.5%16.5%2nd lowest of 6
Bond spread71 bp87 bptightest of 4

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Chubb CBUnited States$139B+15%+6%15%1.91×9.4%15.5%
Tokio Marine 8766.TJapan$105B+35%0%12%1.98×6.7%11.8%
Travelers Companies (The) TRVUnited States$81.0B+33%+1%28%2.79×13.9%27.5%
PICC Property & Casualty 2328.HKHong Kong$48.9B+16%+9%17%1.09×5.8%16.5%
Fairfax Financial FFH.TOCanada$42.7B+21%-1%16%1.40×7.0%15.8%
Hartford (The) HIGUnited States$35.8B+1%+4%23%1.94×11.3%22.7%

Chubb bonds and credit

Chubb has 14 bonds outstanding with $11.1B face value. The agencies rate it A; its bonds trade like A+. Weighted yield 5.58%, a spread of 71 bp over government bonds.

Every bond, yield and spread in the cockpit →

Questions

Who are Chubb's main competitors?
Named competitors: Travelers Companies (TRV), AIG (AIG), Zurich Insurance (ZURN.SW), Allianz (ALV.DE). The cockpit's measured peer set (industry) also includes Tokio Marine (8766.T), Travelers Companies (The) (TRV), PICC Property & Casualty (2328.HK), Fairfax Financial (FFH.TO), Hartford (The) (HIG).
Is Chubb expensive compared with its peers?
On price / book it trades at 1.91× against a peer median of 1.94×, 3rd cheapest of 6 in its peer set. The share price implies a return on equity of about 9.4%; Chubb delivers 15.5%, so the price asks less than the business earns today.
How has Chubb stock performed?
Over six months to 6 Nov 2026 the shares returned +14.6% against +20.9% for the median peer; over one year +29.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.