12 Best Property & Casualty Insurance Stocks to Buy Now

3. Chubb Limited (NYSE:CB)

Number of Hedge Fund Holders: 51

Chubb Limited (NYSE:CB) is a global insurance company operating in more than 50 countries, providing coverage to individuals, businesses, and institutions. With a strong focus on delivering high-quality risk management and claims services, the company is recognized for its innovative solutions in the insurance sector.

In January 2025, Chubb Limited (NYSE:CB) made key leadership changes in its Overseas General Insurance (COG) division to enhance underwriting consistency and drive international growth. Tim Stapleton was appointed Chief Underwriting Officer, focusing on improving underwriting operations and standards. Jason Neu, with Chubb Limited (NYSE:CB) since 2004, will take over as Executive Vice President for the international financial lines division. These moves reflect the company’s commitment to operational excellence and better meeting global client needs.

Financially, the company reported impressive results for the fourth quarter of 2024, with a record property and casualty underwriting income of approximately $1.6 billion, a 3.8% increase from the same period the previous year. Operating income for Q4 was $2.45 billion, down 28.1% year-over-year, but for the full year, it reached $9.2 billion, reflecting a slight 1.5% decline from 2023. Chubb Limited (NYSE:CB)’s operating earnings per share (EPS) for Q4 grew 10.5%, and the company maintained strong shareholder returns, repurchasing $725 million in shares and paying out $367 million in dividends.

51 hedge funds in Insider Monkey’s Q3 2024 database held positions in Chubb Limited (NYSE:CB).