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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rnam ✭☼  😊 😞
Number: of 21944 
Subject: Morningstar on Chubb
Date: 05/16/24 7:10 AM
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No. of Recommendations: 2
Morningstar analyst's opinion on Chubb:

morningstar.com - Chubb is enjoying strong market conditions (subscription required for full report)

In January 2016, ACE acquired Chubb in a deal valued at about $28 billion and assumed its name. From
a long-term perspective, we were most enthusiastic about the fact that the combination created a
moaty international insurer with exposure across most insurance lines for the first time, marking Chubb
as potentially the most attractive long-term core holding in the space from a fundamental point of view.

Chubb is one of the few companies with global footprint large enough to service multinational
corporations. Its network has created a barrier to entry for potential competitors.

Chubb's international operations benefit from significant growth opportunities.

Like its peers, Chubb is posting strong results at the moment amid a hard pricing environment and
higher interest rates. Annualized core tangible return on equity was impressive at 22%, but not out of
line with what we've seen from peers. We think the near-term outlook is bright for Chubb and see the
narrow-moat company as one of the strongest names in the space. We will maintain our $236 fair value
estimate and see shares as about fairly valued.

Chubb is trading at PB of 1.7, higher than BRK's 1.57.
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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