Chubb Limited (CB)
Recap: Q2 2026
The Best Compounding Print of Our Coverage Meets a Deleted "Double-Digit": Downgrading to Hold as the Soft Market Reaches Casualty
Recap: Q1 2026
Ignore the +85% Headline: The Honest Read Is +13.5% Ex-Cat EPS Growth, Record Investment Income, and a Roaring International Consumer Engine — Maintaining Outperform
Recap: Q4 2025
The Underlying Margin Improves, Growth Re-Accelerates, and the Full-Year Record Lands Through the Largest Cat Year — Upgrading to Outperform
Recap: Q3 2025
The Investment-Income Inflection Arrives and the ROE Bar Goes Up, but a Quiet-Cat-Flattered Beat and Spreading Property Softening Keep Us at Hold
Recap: Q2 2025
A Record Quarter the Market Sold: Underwriting and Investment Income Both Set Records, but Softening Property Rates Reopen the Cycle-Peak Debate — Initiating at Hold