CB Stock Recent News

Warren Buffett's company could disclose purchasing more shares of insurer Chubb in the second quarter when it files a regulatory form Wednesday.

ZURICH , Aug. 12, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) today announced three executive appointments in the company's finance organization effective Sept 4, 2024. George Ohsiek has been appointed Vice President, Chubb Group and Chief Accounting Officer.

ZURICH , Aug. 8, 2024  /PRNewswire/ -- The Board of Directors of Chubb Limited (NYSE: CB) today declared a quarterly dividend equal to $0.91 per share, payable on October 4, 2024 to shareholders of record at the close of business on September 13, 2024.  The dividend will be payable out of legal reserves and will be made in United States dollars by the company's transfer agent, as described in the Chubb Limited 2024 proxy statement.

Berkshire Hathaway scooped up 26 million shares of Chubb beginning in the third quarter of last year. The conglomerate owns several insurance companies because of their cash flows.

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.

ZURICH , July 29, 2024 /PRNewswire/ -- Chubb Limited (NYSE: CB) announced today that its subsidiary, Chubb INA Holdings LLC, has priced a public offering of $700 million of 4.650% senior notes due 2029 (the "2029 Notes") and an additional $600 million of its 5.000% senior notes due 2034 (the "2034 Notes" and, together with the 2029 Notes, the "Notes"). The Notes of each series are guaranteed by Chubb Limited.

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.