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Wednesday 4 November 2026 Export CB’s income statement to Excel — free account

Chubb Limited

CB Financial Insurance Property & Casualty

Chubb Limited’s revenue for fiscal 2025 (year ended December 2025) was $59.4 billion, up 6.54% from fiscal 2024.

Revenue
+0.29%
EPS
+3.55%
Free cash flow
+66.8%
Total debt
+6.30%

Quarter to September 2026, against a year earlier

374.06 7.52 +2.05%
Market cap
$140.1B
P/E
12.7×
Fwd P/E
13.0×
Dividend yield
1.09%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Chubb Limited (CB) valuation and DCF model

What the price implies · reverse DCF

At $374.06 the price implies 26.6% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew 3.6% a year over the last ten years, 4.1% over the last five. The price asks for more than four times its ten-year rate. Return on equity averaged 10.8% over ten years; the price implies 14.4% for good.

In December 2017 the price assumed 18.5% a year; Chubb Limited went on to grow the dividend a share 14.0% a year to FY2025.

Price implies
26.6%
Last 5 years, reported
4.1%
Last 10 years, reported
3.6%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
26.6% a year for ten years
$374.06
today’s price
Its base case
3.6% a year for five years, then 2.2%
$64.11
82.9% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Chubb Limited’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 26.6% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Chubb Limited’s own cost of capital: risk-free 4.3% + beta 0.29 × equity premium 4.5% = 5.6% cost of equity; weighted, 5.6%.

Use 5.6%
Base case value per share $64.11 ten years discounted, and what follows
Current price $374.06 market price per share
Below today’s price 82.9% downside at the base case’s assumptions

How we got there$29.41 10 years of dividends+$34.69 terminal value=$64.11 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Insurance Property & Casualty).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 12.73× 12.93× 14.31× 11% below 11.87× 7% above
P/FCF 7.94× 8.03× 9.18× 14% below 8.12× 2% below
P/B 1.80× 1.66× 1.47× 23% above 1.99× 9% below
EV/EBITDA — 10.89× 11.80× — 3.38× —
EV/Sales — 2.36× 2.37× — 3.90× —
P/E P/FCF P/B EV/EBITDA EV/Sales
10.66×13.54×16.42×19.31×10Y avg 14.31×2017201820192020202120222023202420252026

CB trades at 12.73× P/E, against a 10-year average of 14.31× (range 10.02×–19.76×). That is cheaper than 56% of the last 9 year-end readings; re-rating to the average implies $420.50 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.