Subject: Re: Read All About It
Continuing addition to CB is interesting. When Berkshire keeps buying an insurance underwriter it is worth looking at it in depth. Is a full acquisition on the cards?

CB had a great 4th quarter and its outlook for 2026 is also very strong. Stock is trading at Fwd PE of 12 even after stock is up 24% over the last year. Seems to be a very well timed purchase by BH.


Chubb (CB) on Tuesday delivered Q4 2025 earnings that surpassed the average analyst estimate, partly bolstered by strong growth in P&C underwriting income and lower catastrophe losses.

Q4 operating EPS of $7.52, topping the $6.78 average analyst estimate, rose from $7.49 in Q3 and $6.02 a year earlier.

P&C combined ratio fell to 81.2% in Q4 from 81.8% in Q3 and 85.7% in Q4 2024.

Life Insurance income climbed 19.3% Y/Y to $322M in Q4.

CEO Greenberg expressed confidence in "strong growth in operating earnings and double-digit growth in EPS and tangible book value through the 3 sources of income, P&C underwriting, investment income and life though cats and FX aside."


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