Subject: Re: Barrons Makes Sense to buy Chubb outright
...trading reasonably at about 12 times projected 2024 earnings.

Insurance earnings are cyclically elevated, so I'd be hesitant to be quite that optimistic about the valuation levels. I agree it doesn't seem too bad, though. Even with today's pop to $275 and a more muted view of cyclically adjusted earnings, the multiple might be no more than the 18-19 range at a wild guess.

Book per share is up around 4-5%/year in the last 5-10 years. It's not the growth rate that people expect from Nvidia, but perhaps a good home for some bored capital.

Jim