Chubb (CB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Warren Buffett's company could disclose purchasing more shares of insurer Chubb in the second quarter when it files a regulatory form Wednesday.
The Bank of Japan raised interest rates last week, throwing a monkey wrench into the yen carry trade. Stocks and bonds are selling off as foreign-currency investors struggle to unwind their trades.
Chubb is a well-diversified leader in the Property & Casualty insurance industry that consistently has the lowest combined ratio. I dive into the core underwriting profitability drivers for Chubb. Chubb's Asian Life Insurance exposure is a growth driver in a higher interest rate environment and potentially a factor behind Berkshire taking a sizable stake.
Chubb (CB) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Earlier this year, Warren Buffett was known to have been buying a "secret stock" that he was keeping tight-lipped about. In May, the stock was revealed to have been Chubb. Chubb is a property & casualty insurer that is known for its strict underwriting standards, similar to Berkshire's own.
Chubb reported solid Q2 earnings, with adjusted EPS beating expectations and revenue rising 12%. CB has strong underwriting profitability despite modest margin compression from catastrophe losses returning to normal levels. Chubb continues to see strength across geographies, with North America P&C premiums rising and overseas premiums growing.
Chubb's (CB) Q2 results reflect double-digit premium revenue growth, solid underwriting margins and sturdy investment income, partially offset by a higher level of catastrophe.
Chubb Limited (NYSE:CB ) Q2 2024 Earnings Conference Call July 24, 2024 8:30 AM ET Company Participants Karen Beyer - Senior Vice President, Investor Relations Evan Greenberg - Chairman & Chief Executive Officer Peter Enns - Chief Financial Officer Paul O'Connell - Chief Actuary Officer Conference Call Participants Michael Zaremski - BMO Capital Markets Brian Meredith - UBS Bob Huang - Morgan Stanley David Motemaden - Evercore ISI Yaron Kinar - Jefferies Mike Ward - Citi Gregory Peters - Raymond James Operator Good morning. My name is Eric, and I will be your conference operator today.
The headline numbers for Chubb (CB) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Chubb (CB) came out with quarterly earnings of $5.38 per share, beating the Zacks Consensus Estimate of $5.04 per share. This compares to earnings of $4.92 per share a year ago.
Wise investors pay attention to Warren Buffett's portfolio. His holding company, Berkshire Hathaway, is buying up shares of two companies.