Chubb Limited (CB): A Bull Case Theory
This article summarizes a bullish thesis on Chubb Limited (CB), highlighting its undervaluation at 12x earnings with a 15% ROE. The company benefits from underwriting bespoke risks for elite clients, leading to high margins, robust investment income, and significant structural advantages. Despite potential volatility from catastrophes, Chubb's diversified risk pool, disciplined underwriting, and share buybacks position it for compounding book value and annual returns of 10-15%, with substantial upside if the market re-prices safety.Maximus ligula eleifend id nisl quis interdum. Sed malesuada tortor non turpis semper bibendum. Ut ac nisi porta, malesuada risus nonrra dolo areay Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia curae in tristique libero, quis ultrices diamraesent varius diam dui. Class aptent taciti sociosqu ad litora torquent per conubia nostra.Maximus ligula eleifend id nisl quis interdum. Sed malesuada tortor non turpis semper bibendum. Ut ac nisi porta, malesuada risus nonVestibulum ante ipsum primis