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MarketScreener Homepage  >  Equities  >  Nyse  >  Chubb Limited    CB   CH0044328745

CHUBB LIMITED

(CB)
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AM Best : Assigns Issue Credit Ratings to Chubb INA Holdings Inc.'s Senior Unsecured Notes

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12/03/2019 | 02:22pm EST

AM Best has assigned the Long-Term Issue Credit Rating (Long-Term IR) of “a+” to Chubb INA Holdings Inc.’s (Chubb) (Delaware) recently announced EUR 700 million 0.300% senior unsecured notes due 2024 and EUR 700 million 0.875% senior unsecured notes due 2029. These notes are guaranteed by Chubb Limited [NYSE: CB]. The outlook assigned to the Credit Ratings (ratings) is stable.

Following the senior unsecured notes issuance, financial leverage and coverage measures will deteriorate slightly but remain strongly supportive of the assigned ratings. Chubb intends to use the net proceeds of the offering for general corporate purposes, which may include investments in or loans to subsidiaries, possible strategic investments or acquisitions, capital expenditures and repayment, redemption or refinancing of debt.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

AM Best is a global credit rating agency, news publisher and data provider specializing in the insurance industry. The company does business in more than 100 countries. Headquartered in Oldwick, NJ, AM Best has offices in cities around the world, including London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.


© Business Wire 2019
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Financials (USD)
Sales 2019 29 538 M
EBIT 2019 5 951 M
Net income 2019 4 464 M
Debt 2019 13 603 M
Yield 2019 1,98%
P/E ratio 2019 15,7x
P/E ratio 2020 14,0x
EV / Sales2019 2,80x
EV / Sales2020 2,65x
Capitalization 68 977 M
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Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 162,55  $
Last Close Price 152,20  $
Spread / Highest target 21,6%
Spread / Average Target 6,80%
Spread / Lowest Target -12,6%
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NameTitle
Evan G. Greenberg Chairman, President & Chief Executive Officer
John W. Keogh Executive Vice Chairman & Chief Operating Officer
Philip V. Bancroft Chief Financial Officer & Executive Vice President
Michael G. Atieh Independent Director
Sheila P. Burke Independent Director
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