10 Best European Stocks To Buy According to Billionaires

3. Chubb Limited (NYSE:CB)

Number of Billionaires: 14

A global leader in insurance, Chubb Limited (NYSE:CB) operates in 54 countries and territories. The company offers a comprehensive range of products, including commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance, serving a diverse clientele from individuals to multinational corporations. CB is one of the best European stocks to buy according to billionaires.

In the fourth quarter of 2024, Chubb Limited (NYSE:CB) reported strong financial results, with core operating income rising to $2.45 billion, or $6.02 per share, up from $2.28 billion, or $5.54 per share, in the same period the previous year. This growth was driven by a 6.7% increase in Global P&C net premiums, excluding Agriculture, and a 13.7% surge in net investment income, reaching $1.69 billion for the quarter.

Despite challenges such as the California wildfires, which are expected to result in a pre-tax net cost of $1.5 billion in the first quarter of 2025, Chubb’s diversified portfolio and strong underwriting practices have enabled it to maintain profitability.

Chubb Limited (NYSE:CB) recently launched its North America Small & Lower Midmarket division, consolidating its Lower Middle Market and Digital Small Business units to strengthen its presence in the middle-market insurance segment. On March 5, HSBC upgraded CB to a Buy rating from Hold, setting a price target of $323. As of March 14, 2025, Chubb’s stock trades at $290.60, reflecting a 0.71% gain from the previous close and demonstrating steady growth over the past year. The company exceeded analyst expectations with 2024 earnings of $22.51 per share, surpassing the $22.00 consensus. Chubb reported a total revenue of $55.88 billion for 2024, marking an 11.78% year-over-year increase. With strong financial performance and a positive outlook, 54% of 26 analysts covering the stock maintain a Buy rating.