No. of Recommendations: 2
https://seekingalpha.com/article/4693879-chubb-ber...Excerpt:
“Berkshire Hathaway has taken a significant stake in Chubb stock, causing shares to surge over 6%.
Chubb's Q1 results were strong, with adjusted EPS beating expectations and net written premiums increasing by 14.1%.
The insurance industry's pricing environment is favorable, with Chubb's premium growth driven by raising prices rather than taking on more risk.
Rates staying higher for longer means that investment income is likely to rise into 2025.
At less than 12x earnings, Chubb is a "great company at a good price."”
Seems like a wonderful business at a fair price. We use Chubb after we called GEICO for homeowners (2017) who then readily referred us to Chubb for our level of home value and our location (Southeast). Service has been good and Premiums have been reasonable. Chubb claims was easy to work with wrt covering our new roof after hail damage, after I met my deductible. Stock is on fire, up 44% since end of Q2 2023. Will place it on my watchlist now.
