Chubb (CB) Price Target Raised Following Property and Casualty Sector Results

Chubb Limited (NYSE:CB) is included among the 13 Best March Dividend Stocks to Buy.

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On February 26, Morgan Stanley analyst Bob Huang raised his price recommendation on Chubb Limited (NYSE:CB) to $330 from $310. The firm kept an Equal Weight rating on the shares. The update came after reviewing fourth-quarter results across the property and casualty insurance sector. The analyst said insurers with “more differentiated” underwriting performance are likely to see stronger stock performance. He noted that pricing conditions may remain weak and AI-related pressures “are not abating.” Even so, he said companies with “differentiated” underwriting and “margin durability will be king.”

During Chubb’s Q4 2025 earnings call, Chairman and CEO Evan G. Greenberg said the company delivered an exceptionally strong quarter. He explained that the results helped drive record performance for the full year and reflected the strength of its diversified business model. Greenberg said the company generated core operating income of nearly $3 billion for the quarter, or $7.52 per share. This represented increases of about 22% and 25%, respectively. He also highlighted underwriting performance, noting that the company achieved a record-low combined ratio of 81.2%.

He said growth during the quarter exceeded the company’s average growth rate for the full year. Greenberg also pointed to strong momentum in the agriculture segment. He noted that Chubb remains the largest crop insurer in the United States, which continues to support its overall business. The company’s invested asset base also expanded. Greenberg said it reached $169 billion, up from $151 billion a year earlier. This increase reflects continued growth in the company’s investment portfolio.

For the full year, Greenberg said Chubb reported record operating income of nearly $10 billion, or $24.79 per share. These marked increases of about 9% and 11%, respectively, compared with the previous year.

Chubb Limited (NYSE:CB) is a Switzerland-based holding company. Through its subsidiaries, it provides insurance and reinsurance products and services to customers around the world.

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