# Chubb Limited (CB) — Stock CV

Chubb Limited is a $132B financial services company. Revenue grew 8.0% over the last year, and it keeps 18¢ of every dollar of sales as profit. It trades at 11.8× earnings — around the middle of its own history.

> ACE acquired Chubb in 2016 and assumed the Chubb name. The combination made the new Chubb one of the largest domestic property and casualty insurers, with operations in over 50 countries spanning commercial and personal P&C insurance, reinsurance, and life insurance.

## Identity

- **Ticker**: CB
- **Sector**: Financial Services
- **Industry**: Fire, Marine & Casualty Insurance
- **Headquarters**: ZURICH, V8
- **Employees**: 45 000
- **Website**: https://www.chubb.com
- **Market cap**: $132B
- **Last price**: $341.80
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $61.8B
- **Net income**: $11.2B
- **Free cash flow**: $15.4B
- **Net debt**: $12.4B
- **P/E**: 11.8
- **Revenue growth (YoY)**: 8.0%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 82 |
| Growth | 48 |
| Profitability | 72 |
| Health | 48 |
| Quality | 55 |
| Moat | 18 |

## Qualifications (beginner checklist) — 10 of 11 passed

- [x] Revenue growing — +8.0% YoY
- [x] Profitable — $11.2B TTM
- [x] Profit growing — +27.5% YoY
- [x] Generates cash — $15.4B TTM
- [x] Debt under control — ~0.8y of cash flow to repay
- [x] Established company — $132B market cap
- [x] Not printing shares — -11.5% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — Altman Z 0.5 — distress
- [x] Pays a dividend — yield 1.16%
- [x] Valuation not extreme — P/E 11.8

## Experience (career milestones)

- **FY2025** — Best year on record: $10.3B net income
- **FY2024** — Revenue crossed $50B: $55.8B for the year
- **2024** — Chubb completed the acquisition of Healthy Paws, a U.S.-based managing general agent (MGA) specializing…
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $31.5B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **2016** — The combined company adopted the Chubb name in January 2016 after the acquisition was completed
- **2015** — Property and casualty insurer ACE Limited (ACE) announced that it would acquire the original Chubb…
- **2012** — They purchased Indonesian insurer Asuransi Jaya Proteksi
- **2011** — ACE Limited purchased agribusiness insurer Penn Millers
- **2010** — ACE Limited purchased Rain and Hail, LLC for $1.1 billion
- **2008** — ACE purchased the accident and health insurance provider Combined Insurance Company of America (founded by W
- **1999** — One of the multiple acquisitions made during this time was the global property and casualty business of Cigna…
- **1990** — Walter Scott became Chairman, President, and CEO of ACE in 1990 and saw the company listed on the New York Stock…
- **1967** — The Chubb Corporation was incorporated in 1967 and was listed on the New York Stock Exchange in 1984

## Strengths

- Strong cash conversion — FCF is 24.9% of revenue
- Interest covered 11.6× by operating earnings

## Watch-outs

- Altman Z-Score 0.54 — elevated financial-distress risk

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $41.0B | $8.54B | $11.1B |
| FY2022 | $43.2B | $5.31B | $11.2B |
| FY2023 | $49.7B | $9.03B | $12.6B |
| FY2024 | $55.8B | $9.27B | $16.2B |
| FY2025 | $59.4B | $10.3B | $12.8B |

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Source: https://stockcv.com/CB — derived from company filings; may be delayed or incomplete. Information, not investment advice.