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CB Chubb Limited

Chubb is the world's largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 31,000 people worldwide

Company profile

CB stock data

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Investment data

Data from SEC filings
3 long holdings
End of quarter 31 Dec 20
Value
 
#Shares
 
Prev Q
 
Change
%, QoQ
$98.15M 2.25M NEW
$8.01M 164.9K 85.48K +92.9
$499K 8.18K 8.18K 0
13.86K EXIT
Holdings list only includes long positions. Only includes long positions.

Calendar

24 Feb 21
11 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.84B 1.84B 1.84B 1.84B 1.84B 1.84B
Cash burn (monthly) 12.33M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 41.59M n/a n/a n/a n/a n/a
Cash remaining 1.79B n/a n/a n/a n/a n/a
Runway (months of cash) 145.5 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Mar 21 John J Lupica Common Shares Option exercise Aquire M No Yes 73.35 1,363 99.98K 142,630.2
15 Mar 21 John J Lupica Common Shares Sell Dispose S No Yes 175.03 4,337 759.11K 141,267.2
15 Mar 21 John J Lupica Common Shares Option exercise Aquire M No Yes 63.42 4,337 275.05K 145,604.2
15 Mar 21 John J Lupica Options to Acquire Common Shares Common Shares Option exercise Dispose M No No 73.35 1,363 99.98K 219,170
15 Mar 21 John J Lupica Options to Acquire Common Shares Common Shares Option exercise Dispose M No No 63.42 4,337 275.05K 220,533
28 Feb 21 Evan G Greenberg Common Shares Payment of exercise Dispose F No No 162.58 2,238 363.85K 774,854
28 Feb 21 Philip V Bancroft Common Shares Payment of exercise Dispose F No No 162.58 641 104.21K 260,507
28 Feb 21 Timothy Alan Boroughs Common Shares Payment of exercise Dispose F No No 162.58 373 60.64K 180,516
28 Feb 21 Annmarie T Hagan Common Shares Payment of exercise Dispose F No No 162.58 138 22.44K 9,820
27 Feb 21 Evan G Greenberg Common Shares Payment of exercise Dispose F No No 162.58 2,192 356.38K 777,092

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

87.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1089 993 +9.7%
Opened positions 193 89 +116.9%
Closed positions 97 108 -10.2%
Increased positions 345 327 +5.5%
Reduced positions 404 424 -4.7%
13F shares
Current Prev Q Change
Total value 60.46B 45.26B +33.6%
Total shares 392.81M 389.85M +0.8%
Total puts 921.36K 745.74K +23.5%
Total calls 1.4M 905.49K +54.1%
Total put/call ratio 0.7 0.8 -19.8%
Largest owners
Shares Value Change
Vanguard 35.93M $5.53B -0.7%
BLK Blackrock 29.46M $4.53B -8.5%
Wellington Management 27.67M $4.26B +7.8%
TROW T. Rowe Price 23.85M $3.67B +14.5%
Capital International Investors 22.42M $3.45B +0.1%
STT State Street 21.47M $3.32B +2.0%
Massachusetts Financial Services 15.6M $2.4B +1.5%
JPM JPMorgan Chase & Co. 12.52M $1.93B +9.7%
Capital World Investors 11.73M $1.81B -0.9%
FMR 7.85M $1.21B +12.6%
Largest transactions
Shares Bought/sold Change
Norges Bank 3.21M +3.21M NEW
TROW T. Rowe Price 23.85M +3.02M +14.5%
BLK Blackrock 29.46M -2.74M -8.5%
Wellington Management 27.67M +2M +7.8%
Citadel Advisors 169.66K -1.5M -89.8%
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 1.21M +1.18M +5334.8%
Polar Capital 1.14M +1.14M NEW
JPM JPMorgan Chase & Co. 12.52M +1.1M +9.7%
POLR Polar Capital 0 -1.01M EXIT
Nuance Investments 1.31M -984.28K -43.0%

Financial report summary

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Risks
  • COVID-19 pandemic, the effects of global actions taken to contain its spread, and its economic and societal impact could adversely impact our businesses, invested assets, financial condition, and results of operations.
  • If actual claims exceed our loss reserves, our financial results could be adversely affected.
  • The effects of emerging claim and coverage issues on our business are uncertain.
  • The failure of any of the loss limitation methods we use could have an adverse effect on our results of operations and financial condition.
  • We may be unable to purchase reinsurance, and/or if we successfully purchase reinsurance, we are subject to the possibility of non-payment.
  • Our net income may be volatile because certain products sold by our Life Insurance business expose us to reserve and fair value liability changes that are directly affected by market and other factors and assumptions.
  • Payment of obligations under surety bonds could have an adverse effect on our results of operations.
  • Our exposure to various commercial and contractual counterparties, our reliance on brokers, and certain of our policies may subject us to credit risk.
  • Since we depend on a few distribution and bancassurance partners for a large portion of our revenues, loss of business provided by any one of them could adversely affect us.
  • Our investment performance may affect our financial results and our ability to conduct business.
  • We may require additional capital or financing sources in the future, which may not be available or may be available only on unfavorable terms.
  • We may be required to post additional collateral because of changes in our reinsurance liabilities to regulated insurance companies, or because of regulatory changes that affect our companies.
  • U.S. and global economic and financial industry events and their consequences could harm our business, our liquidity and financial condition, and our stock price.
  • A decline in our financial strength ratings could affect our standing among distribution partners and customers and cause our premiums and earnings to decrease. A decline in our debt ratings could increase our borrowing costs and impact our ability to access capital markets.
  • Our ability to pay dividends and/or to make payments on indebtedness may be constrained by our holding company structure.
  • Swiss law imposes certain restrictions on our ability to repurchase our shares.
  • Our operating results and shareholders' equity may be adversely affected by currency fluctuations.
  • The regulatory and political regimes under which we operate, and their volatility, could have an adverse effect on our business.
  • Evolving privacy and data security regulations could adversely affect our business.
  • Economic uncertainty in either or both of the United Kingdom ("U.K.") and the European Union ("EU"), and/or operational uncertainty between them, may have an adverse effect on our business, our liquidity and financial condition, and our stock price.
  • Our worldwide operations, particularly in developing nations, expose us to global geopolitical developments that could have an adverse effect on our business, liquidity, results of operations, and financial condition.
  • A failure in our operational systems or infrastructure or those of third parties, including due to security breaches or cyber-attacks, could disrupt business, damage our reputation, and cause losses.
  • We use analytical models to assist our decision making in key areas such as underwriting, claims, reserving, and catastrophe risks but actual results could differ materially from the model outputs and related analyses.
  • We could be adversely affected by the loss of one or more key executives or by an inability to attract and retain qualified personnel.
  • Employee error and misconduct may be difficult to detect and prevent and could adversely affect our business, results of operations, and financial condition.
  • Insurance and reinsurance markets are historically cyclical, and we expect to experience periods with excess underwriting capacity and unfavorable premium rates.
  • The integration of acquired companies may not be as successful as we anticipate.
  • We may be subject to U.S. tax and Bermuda tax which may have an adverse effect on our results of operations and shareholder investment.
  • We could be adversely affected by certain features of the 2017 U.S. tax reform legislation.
  • There are provisions in our charter documents that may reduce the voting rights and diminish the value of our Common Shares.
  • Applicable laws may make it difficult to effect a change of control of our company.
  • Chubb Limited is a Swiss company; it may be difficult to enforce judgments against it or its directors and executive officers.
  • Shareholders may be subject to Swiss withholding taxes on the payment of dividends.
  • Under certain circumstances, U.S. shareholders may be subject to adverse U.S. federal income tax consequences.
  • U.S. persons who hold shares will be subject to adverse tax consequences if we are considered to be a Passive Foreign Investment Company (PFIC) for U.S. federal income tax purposes.
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