# Chubb Limited (CB)

> Chubb sells property, liability, accident, health, life and reinsurance coverage to businesses and individuals around the world.

- Exchange: New York Stock Exchange · Sector: Financials · Industry: Insurance Property and Casualty
- Headquarters: Zurich, Switzerland
- Founded: 1985
- Employees: approximately 45,000 (2025)
- SEC CIK: 0000896159 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000896159))
- Full page: https://inspectstocks.com/stocks/cb
- Data as of: price 2026-09-25; newest filing used 2026-04-28; latest fiscal period ended 2026-03-31

## Grade

**A+** on the balance-sheet rubric used for lenders, 5 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | $11.3B |  |
| Earnings growing overall | passed | $11.3B | $5.2B |
| Earnings growing recently | passed | $11.3B | $10.3B |
| Earns well on its assets | passed | 4.1% |  |
| Book value per share growing | passed | $183.70 | $119.28 |

Business quality (the + / − mark): 4 of 4 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 18.6% |  |
| Healthy profit margin | passed | 18.6% |  |
| Good return on equity | passed | 15.3% |  |
| Debt under control | passed | 0.25 |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $60.8B |
| Net income, trailing twelve months | $11.3B |
| Net margin | 18.6% |
| Return on equity | 15.3% |
| Debt to equity | 0.25 |
| Diluted EPS, trailing twelve months | $28.29 |
| Share price | $333.37 |
| Market value | $129.3B |
| Price / earnings | 11.8x |
| Price / sales | 2.1x |

## What the business does

Chubb is an insurance and reinsurance company. It sells property and casualty insurance, which can cover damage to property and legal liability, as well as accident, health and life insurance. It also sells reinsurance: coverage that helps other insurance companies pay for losses.

### How it makes money

- **North America Commercial Property and Casualty Insurance** (38% of consolidated net premiums earned (2025)) — Businesses pay premiums for coverage such as property, workers’ compensation, liability, cyber and professional liability insurance. Policies are generally sold through brokers and agents.
- **Overseas General Insurance** (27% of consolidated net premiums earned (2025)) — Customers outside the United States, Bermuda and Canada pay premiums for commercial, personal, accident and health insurance. Chubb sells through brokers, agents, digital channels and other local partners.
- **Life Insurance** (14% of consolidated net premiums earned (2025)) — Customers pay premiums for life, accident, health and savings-related insurance. Chubb also earns investment income and asset-management fees; deposits for some investment contracts are not recorded as premium revenue.
- **North America Personal Property and Casualty Insurance** (13% of consolidated net premiums earned (2025)) — Affluent individuals and families pay premiums for homeowners, valuable articles, automobile, marine and liability coverage, generally through independent agents and brokers.
- **North America Agricultural Insurance** (5% of consolidated net premiums earned (2025)) — Farmers and agricultural businesses pay premiums for crop, farm and ranch, and related commercial insurance. Crop coverage includes programs offered with the U.S. Department of Agriculture.
- **Global Reinsurance** (3% of consolidated net premiums earned (2025)) — Other insurance companies pay Chubb premiums to take on an agreed portion of their insured losses, including losses from catastrophes. Chubb mainly receives this business through reinsurance brokers.

### Products

- **Commercial insurance** — Coverage for businesses, including insurance for buildings and equipment, workers’ compensation, vehicle and liability claims, cyber incidents, professional mistakes, and management liability.
- **High-value personal insurance** — Home, automobile, valuable-articles, personal liability, travel and recreational-marine coverage for affluent individuals and families.
- **Agricultural insurance** — Crop protection against events such as drought, excess moisture and hail, plus insurance for farms, ranches and companies that manufacture, process or distribute agricultural products.
- **International consumer and commercial insurance** — Insurance sold in overseas markets, including business property and liability coverage, homeowners and automobile policies, personal accident coverage and supplemental health insurance.
- **Reinsurance** — Coverage Chubb sells to other insurers, including protection against accumulated property losses from a shared event such as a catastrophe.
- **Life and supplemental benefits insurance** — Life, accident, disability and supplemental health policies, as well as savings-related contracts. Some policies pay beneficiaries after a death or other insured event; some savings contracts pay benefits while the customer is living.

### Customers

- Large multinational companies and other large organizations, which generally arrange commercial coverage through major insurance brokers.
- Small and mid-sized businesses, which commonly buy one or more policies through independent agents or brokers; some can get quotes and issue policies through Chubb’s digital services for agents and brokers.
- Affluent individuals and families seeking coverage for homes, valuable possessions, vehicles and personal liability, generally through independent agents and brokers.
- Farmers, ranchers and agricultural businesses buying crop, farm and commercial coverage through agents.
- Individuals, employers and affinity groups buying life, accident, supplemental health and employee-benefit coverage through agents, brokers, telemarketing, employer channels or other local partners.
- Insurance companies buying reinsurance through reinsurance brokers.

### Competitors

- American International Group (AIG) — Commercial property, liability, specialty and international insurance.
- The Travelers Companies (TRV) — Commercial property and casualty insurance and personal insurance in North America.
- The Hartford Financial Services Group (HIG) — Commercial insurance, workers’ compensation, and personal and employee-benefit insurance.
- Progressive (PGR) — Personal automobile insurance and selected commercial insurance.
- Allstate (ALL) — Personal homeowners and automobile insurance.

### What it depends on

- Chubb relies on insurance brokers and agents to bring in much of its business; its annual report says a few brokers and agents account for a large portion of revenue.
- It relies on third-party reinsurers to reimburse some losses. Reinsurance does not remove Chubb’s responsibility to its own policyholders if a reinsurer does not pay.
- Its ability to sell insurance depends on licensing, regulatory approval and capital requirements in the countries and jurisdictions where it operates.
- Its crop insurance business operates in part through a federally subsidized U.S. program offered with the U.S. Department of Agriculture.

### What could go wrong

- Natural and man-made disasters, including severe weather, can produce large groups of claims at once and cause losses beyond the amounts Chubb has set aside or transferred through reinsurance.
- Actual claims can exceed Chubb’s estimates of future claim payments. This includes long-running claims such as asbestos, environmental and molestation-related liabilities, which can develop over many years.
- Chubb may be unable to buy needed reinsurance, or may not collect from reinsurers when claims arise; it remains responsible to its insured customers even if a reinsurer fails to reimburse it.

## More on this company

- [Overview](https://inspectstocks.com/stocks/cb)
- [Financial statements](https://inspectstocks.com/stocks/cb/financials)
- [Competitors](https://inspectstocks.com/stocks/cb/peers)
- [Earnings](https://inspectstocks.com/stocks/cb/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.