ticker: CB
step: 01
generated: 2026-05-12
source: quick-research
Chubb Limited (CB) — Business Overview
Business Description
Chubb is the world's largest publicly traded property and casualty insurance company, operating in 54 countries with a diversified portfolio of P&C, accident & health, life insurance, and reinsurance products. Under Chairman + CEO Evan Greenberg (Maurice "Hank" Greenberg's son; former AIG executive), Chubb has built best-in-class underwriting culture with industry-leading combined ratios. The 2022 acquisition of Cigna's Asia A&H business added $7B in Asia-Pacific premiums. Berkshire Hathaway owns ~8.78% (34.2M shares, ~$11.2B position, 8th-largest Berkshire holding) — Buffett's significant endorsement.
Revenue Model
- North America Commercial P&C (~50% of revenue): Property, casualty, workers' comp, financial lines
- North America Personal P&C (~10%): High-net-worth homeowners, auto, valuables
- Overseas General Insurance (~25%): International P&C + A&H in 50+ countries
- Global Reinsurance (~5%): Property cat + casualty reinsurance
- Life Insurance (~10%, mostly Asia): Asia A&H + supplemental + life insurance
Products & Services
Commercial P&C
- Major accounts (Fortune 1000 multinational programs)
- Middle market commercial
- Small business + farm/ranch
- Financial lines (D&O, E&O, cyber)
- Workers' compensation
Personal P&C
- High-net-worth homeowners (Chubb Personal Risk Services)
- Personal auto
- Specialty: yachts, fine art, jewelry, antiques
- Marine, aviation
Overseas General
- Property + casualty in 50+ countries
- Accident & health (A&H) — significantly bolstered by Cigna Asia acquisition
- Life insurance Asia
- Strong Latin America presence
Reinsurance
- Property catastrophe reinsurance
- Casualty reinsurance
- Specialty reinsurance
Asia Life + A&H
- Cigna acquired business: ~95% A&H/life
- Korea, Hong Kong, Taiwan, Thailand, Indonesia, Vietnam, etc.
Customer Base & Go-to-Market
- Commercial clients: Fortune 1000 multinationals (Chubb is preferred Tier-1 carrier)
- High-net-worth households: $1M+ home + valuables
- Mid-market businesses: Strong middle market presence
- Asia life/A&H consumers: 30M+ customers across Asia post-Cigna
- Geographic mix: ~55% North America, ~35% Asia + International, ~10% Europe
- Distribution: Brokers, MGAs, agents — multi-channel
Competitive Position
Chubb is the largest publicly traded P&C insurer by market cap + premium income (vs. Travelers, Allstate, AIG, Progressive). Moats: (1) underwriting discipline + culture — industry-leading combined ratios consistently in low-80s, (2) high-net-worth personal lines moat (Chubb Personal Risk Services), (3) Asia life + A&H scale post-Cigna, (4) decades of catastrophe modeling + risk selection expertise. Buffett's 8.78% Berkshire stake = strong endorsement. Competitors: Travelers (TRV), Progressive (PGR), AIG, Allstate (ALL), Berkshire's own GEICO (auto only), Munich Re + Swiss Re (reinsurance).
Key Facts
- Founded: 1882 (Chubb Sons); current entity via 2016 ACE Limited acquisition of Chubb Corp ($28B)
- Headquarters: Zurich, Switzerland (legal); operational HQ Warren, NJ
- Employees: ~33,000
- Exchange: NYSE
- Sector / Industry: Financials / Property & Casualty Insurance
- Market Cap: ~$130B (May 2026)
- Chairman & CEO: Evan G. Greenberg (since 2004)
- Dividend: $3.84 annual ($0.96 quarterly)
- 31+ consecutive years of dividend growth (Dividend Aristocrat)
- Major shareholder: Berkshire Hathaway (8.78%)