Financials Chubb Limited

Equities

CB

CH0044328745

Multiline Insurance & Brokers

Market Closed - Nyse Other stock markets 04:00:03 2026-01-16 pm EST			5-day change	1st Jan Change
300.77 ^USD	-0.11%		-3.91%	-3.64%

Jan. 16	BofA Securities Adjusts Chubb Price Target to $259 From $279, Maintains Underperform Rating	MT
Jan. 16	HSBC Upgrades Chubb to Buy From Hold, Adjusts Price Target to $354 From $304	MT

Projected Income Statement: Chubb Limited

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	31,306	35,391	38,112	41,896	45,142	47,111	49,896	52,608
Change	-	13.05%	7.69%	9.93%	7.75%	4.36%	5.91%	5.43%
EBITDA	-	-	-	10,965	11,881	-	-	-
Change	-	-	-	-	8.35%	-	-	-
EBIT ¹	4,472	7,078	8,510	10,655	11,946	12,759	13,533	14,239
Change	-	58.27%	20.23%	25.21%	12.12%	6.81%	6.07%	5.21%
Interest Paid ¹	-516	-492	-570	-672	-741	-778.2	-807.8	-817.7
Earnings before Tax (EBT) ¹	4,162	9,816	6,568	9,526	11,455	11,990	12,425	13,419
Change	-	135.85%	-33.09%	45.04%	20.25%	4.67%	3.63%	8%
Net income ¹	3,533	8,539	5,313	9,028	9,272	9,730	10,188	11,109
Change	-	141.69%	-37.78%	69.92%	2.7%	4.94%	4.71%	9.04%
Announcement Date	2/2/21	2/1/22	1/31/23	1/30/24	1/28/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	7,770	8,042	8,931	9,901	8,517	8,613	9,731	10,747	9,021	9,417	10,681	11,652	10,146	10,588	11,780	12,277	10,497	10,926	12,394	12,934	11,121	11,583	13,056	13,670	11,750	12,390	14,035	14,604
Change	-	3.5%	11.05%	10.86%	-13.98%	1.13%	12.98%	10.44%	-16.06%	4.39%	13.42%	9.09%	-12.92%	4.36%	11.26%	4.22%	-14.5%	4.09%	13.44%	4.36%	-14.02%	4.15%	12.72%	4.7%	-14.04%	5.44%	13.28%	4.05%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,063	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	1,455	2,033	1,502	2,088	2,121	2,321	1,891	2,177	2,426	2,646	2,706	2,877	2,804	2,899	3,037	3,206	2,042	3,258	3,988	3,551	3,419	3,451	3,183	3,548	3,610	3,692	3,512
Change	-	-	39.73%	-26.12%	39.01%	1.58%	9.43%	-18.53%	15.12%	11.44%	9.07%	2.27%	6.32%	-2.54%	3.39%	4.76%	5.56%	-36.31%	59.55%	22.41%	-10.95%	-3.72%	0.94%	-7.79%	11.47%	1.76%	2.27%	-4.88%
Charge d'intérêts ¹	-126	-122	-122	-122	-126	-132	-134	-150	-154	-160	-165	-174	-173	-178	-182	-192	-189	-181	-181	-197	-209.2	-206.4	-206.4	-206.4	-206.4	-206.7	-206.7	-206.7
Earnings before Tax (EBT) ¹	2,752	2,638	2,582	2,051	2,545	2,329	1,508	1,077	1,654	2,276	2,185	2,453	2,612	2,636	2,706	2,994	3,119	1,664	3,716	3,894	3,193	3,263	3,144	3,117	3,626	3,378	3,307	3,296
Change	-	-4.14%	-2.12%	-20.57%	24.09%	-8.49%	-35.25%	-28.58%	53.57%	37.61%	-4%	12.27%	6.48%	0.92%	2.66%	10.64%	4.18%	-46.65%	123.32%	4.79%	-18%	2.19%	-3.65%	-0.86%	16.33%	-6.84%	-2.1%	-0.33%
Net income ¹	2,418	2,300	2,265	1,833	2,141	1,974	1,215	812	1,312	1,892	1,793	2,043	3,300	2,143	2,230	2,324	2,575	1,331	2,968	2,801	2,667	2,597	2,639	2,424	2,640	2,671	2,751	2,625
Change	-	-4.88%	-1.52%	-19.07%	16.8%	-7.8%	-38.45%	-33.17%	61.58%	44.21%	-5.23%	13.94%	61.53%	-35.06%	4.06%	4.22%	10.8%	-48.31%	122.99%	-5.63%	-4.79%	-2.61%	1.59%	-8.14%	8.91%	1.19%	2.99%	-4.59%
Announcement Date	2/2/21	4/27/21	7/27/21	10/26/21	2/1/22	4/26/22	7/26/22	10/25/22	1/31/23	4/25/23	7/25/23	10/24/23	1/30/24	4/23/24	7/23/24	10/29/24	1/28/25	4/22/25	7/22/25	10/21/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Chubb Limited

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	14,948	15,169	15,332	14,546	14,075	17,256	15,758	15,154
Change	-	1.48%	1.07%	-5.13%	-3.24%	22.6%	-8.68%	-3.83%
Announcement Date	2/2/21	2/1/22	1/31/23	1/30/24	1/28/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Chubb Limited

Fiscal Period: December	2019	2020	2021	2022	2023	2024
CAPEX ¹	-	-	-	-	-	-
Change	-	-	-	-	-	-
Free Cash Flow (FCF) ¹	3,802	8,602	11,174	4,996	11,338	12,632
Change	-	126.24%	29.9%	-55.29%	126.92%	11.41%
Announcement Date	2/27/20	2/25/21	2/24/22	2/24/23	2/23/24	2/27/25

¹USD in Million

Estimates

Forecast Financial Ratios: Chubb Limited

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	-	-	-	26.17%	26.32%	-	-	-
EBIT Margin (%)	14.28%	20%	22.33%	25.43%	26.46%	27.08%	27.12%	27.07%
EBT Margin (%)	13.29%	27.74%	17.23%	22.74%	25.38%	25.45%	24.9%	25.51%
Net margin (%)	11.29%	24.13%	13.94%	21.55%	20.54%	20.65%	20.42%	21.12%
FCF margin (%)	-	-	16.43%	26.75%	-	-	-	-
FCF / Net Income (%)	-	-	117.84%	124.16%	-	-	-	-
Profitability
ROA	1.92%	2.85%	2.66%	3.83%	3.89%	3.7%	4%	3.8%
ROE	6.2%	9.9%	11.2%	15.4%	13.9%	13.54%	13.35%	13.37%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	1.33x	1.18x	-	-	-
Debt / Free cash flow	-	-	2.45x	1.3x	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	-	13.07%	-	-	-	-	-
CAPEX / EBITDA (%)	-	-	-	-	-	-	-	-
CAPEX / FCF (%)	-	-	79.57%	-	-	-	-	-
Items per share
Cash flow per share ¹	21.59	25.16	26.55	-	-	-	-	-
Change	-	16.5%	5.53%	-	-	-	-	-
Dividend per Share ¹	3.09	3.18	3.29	3.41	3.59	3.808	4.045	4.272
Change	-	2.91%	3.46%	3.65%	5.28%	6.07%	6.24%	5.62%
Book Value Per Share ¹	131.9	140	121.9	146.8	159.8	191.1	210.5	231.2
Change	-	6.15%	-12.92%	20.45%	8.81%	19.59%	10.15%	9.86%
EPS ¹	7.79	19.27	12.55	21.8	22.7	24.13	26.35	29.17
Change	-	147.37%	-34.87%	73.71%	4.13%	6.28%	9.2%	10.7%
Nbr of stocks (in thousands)	451,318	430,741	415,050	407,990	403,098	393,551	393,551	393,551
Announcement Date	2/2/21	2/1/22	1/31/23	1/30/24	1/28/25	-	-	-