Chubb Limited (NYSE:CB) has recently been recognized as one of the “13 Best Long Term Low Risk Stocks to Buy Now” by Roth Capital Partners. The firm raised its price target on Chubb to $360 from $330, reaffirming a Buy rating after the company’s Q4 earnings beat expectations. The analyst noted that Chubb’s underwriting performance remained strong, with a reported combined ratio of 81.2% and an underlying combined ratio of 80.6%.
On February 3, Chubb reported higher fourth-quarter profit, driven by increased investment income and a significant decrease in catastrophe losses. Despite economic challenges, insurance spending has remained resilient as businesses and consumers prioritize protection against climate-related events and emerging risks like cyber threats. Pre-tax net investment income reached a record $1.69 billion in the quarter, representing an 8% increase. Catastrophe losses declined to $365 million pre-tax, down from $607 million in the previous year.
Core operating income for Chubb rose to $2.98 billion, or $7.52 per share, for the three months ending December 31, compared to $2.45 billion, or $6.02 per share, in the same period last year. Chubb Limited, a Switzerland-based holding company, offers insurance and reinsurance products and services globally.
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In conclusion, Chubb Limited continues to demonstrate strong performance in the insurance sector. Investors should consider their risk tolerance and investment goals when evaluating opportunities in the market. Disclosure: None.
