Chubb
CB NYSE Property & Casualty Insurance 金融 FY2016–FY2025
Chubb's revenue rose 6.5% to $59.4 billion in fiscal 2025. Its net margin was 17.4%, up from 16.6% a year earlier. It paid out $5.2 billion in dividends and buybacks. The diluted share count fell 1.7%.
关于这些数据。 Chubb's cash flow statement doesn't show its spending on property and equipment as a line of its own, so capital spending and free cash flow are left blank.
Chubb 的业务
Chubb is a Swiss-incorporated holding company, based in Zurich, for a global group of insurance and reinsurance businesses. It sells property and casualty insurance (called P&C), accident and health insurance, and life insurance to businesses, individuals and other insurers. For most lines it works through insurance brokers and agents and pays them a commission.
It earns money from three sources: underwriting income from P&C policies, investment income, and income from its life business. Chubb runs six segments. In 2025 total net premiums earned, the share of premiums counted as earned in the year, was $53.0 billion. North America Commercial P&C Insurance was the biggest, at 38 percent of that total. Overseas General Insurance was 27 percent. The others are North America Personal P&C, North America Agricultural, Global Reinsurance and Life Insurance.
The personal insurance segment serves high-net-worth individuals and families with homeowners, collector car, fine art and travel cover. Chubb owns a majority stake of approximately 87.2 percent in Huatai Group. At the end of 2025 its total assets were $272 billion.
- 法定名称
- CHUBB LIMITED
- 财年结束日
- 2025年12月31日
- 最新年报
- 10-K · 2026年2月27日
- 登记号 · CIK
- 0000896159-26-000005
0000896159
营收与利润率
Chubb 在 2025 财年 营收为 $59.4B，同比增长 6.5%。
净利润与每股收益
从 2016 财年到 2025 财年，稀释每股收益年均增长 12.5%。 亏损期间以红色显示。
资本回报率
税后营业利润占投入业务资金(债务加股东权益减现金)的比例。
现金流
2025 财年 的自由现金流为 —，占营收的 —。 经营现金流减资本支出。
股息、回购与股数
Chubb 在 2025 财年 向股东返还 $5.2B。 稀释股数减少 1.7%。
自己评估 Chubb
调整假设，查看对应的每股价值。这些是模型，不是预测或目标价，结果完全取决于你的输入。
现金流折现
每股价值
—
加上净现金 −$9.9B，再除以 401.5M 稀释股数。十年现金流加终值，折现至今天。
盈利倍数
每股价值
—
参考倍数：当前 12.6x · 同业 9.7x · 板块 13.7x。
资产负债表
现金、债务以及显示 Chubb 承担债务能力的指标。
| 财年末 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| 现金及短期投资 | $4.8B | $7.0B | $7.2B | $7.7B | $7.3B |
| 债务(含融资租赁) | $16.2B | $14.9B | $14.5B | $15.2B | $17.2B |
| 债务 / 股东权益 | 0.3x | 0.3x | 0.2x | 0.2x | 0.2x |
| 利息保障倍数 | 20.9x | 12.4x | 15.2x | 16.5x | 18.1x |
| 总资产 | $200.1B | $199.0B | $230.7B | $246.5B | $272.3B |
| 总负债 | $140.3B | $148.5B | $167.0B | $178.2B | $192.5B |
| 股东权益 | $58.3B | $50.5B | $59.5B | $64.0B | $73.8B |
| 净债务 (− = 净现金) | $11.4B | $7.9B | $7.3B | $7.5B | $9.9B |
内部人交易
高管、董事和持股超过 10% 的股东在公开市场的买卖，数据来自 Form 4 申报。“计划”表示依据事先制定的 Rule 10b5-1 计划进行的交易。
买入(12 个月)
$0.0M
0 名内部人士
卖出(12 个月)
$24.5M
9 名内部人士
卖出中按计划执行的比例
0%
$0.0M
| 日期 | 内部人士 | 交易 | 股数 | 股价 | 金额 | 文件 |
|---|---|---|---|---|---|---|
| 2026年8月21日 | Michael P ConnorsDirector | 卖出 | 5,500 | $345.00 | $1.9M | Form 4 |
| 2026年7月28日 | Joseph F WaylandExecutive Vice President and* | 卖出 | 8,502 | $364.54 | $3.1M | Form 4 |
| 2026年6月8日 | Juan Luis OrtegaExecutive Vice President* | 卖出 | 3,886 | $322.08 | $1.3M | Form 4 |
| 2026年5月27日 | John W KeoghPresident &COO | 卖出 | 23,000 | $321.51 | $7.4M | Form 4 |
| 2026年5月21日 | Michael G AtiehDirector | 卖出 | 578 | $329.53 | $0.2M | Form 4 |
| 2026年3月19日 | Olivier SteimerDirector | 卖出 | 2,000 | $329.30 | $0.7M | Form 4 |
| 2026年3月6日 | George F. OhsiekChief Accounting Officer | 卖出 | 770 | $325.21 | $0.3M | Form 4 |
| 2026年3月4日 | Bryce L. JohnsSenior Vice President,* | 卖出 | 1,500 | $336.62 | $0.5M | Form 4 |
| 2026年3月3日 | Joseph F WaylandExecutive Vice President and* | 卖出 | 7,645 | $336.44 | $2.6M | Form 4 |
| 2026年2月13日 | George F. OhsiekChief Accounting Officer | 卖出 | 3,900 | $324.30 | $1.3M | Form 4 |
| 2026年2月12日 | Evan G GreenbergChairman & CEO | 卖出 | 14,925 | $335.09 | $5.0M | Form 4 |
| 2026年2月12日 | George F. OhsiekChief Accounting Officer | 卖出 | 1,240 | $328.97 | $0.4M | Form 4 |
Piotroski F 分数
关于盈利能力、融资和效率的九项通过/未通过测试。8–9 为强，0–2 为弱。
| 测试项 | FY23 | FY24 | FY25 |
|---|---|---|---|
| 净利润为正 | ✓ | ✓ | ✓ |
| 经营现金流为正 | ✓ | ✓ | ✓ |
| 资产回报率上升 | ✓ | ✕ | ✓ |
| 经营现金流高于净利润 | ✓ | ✓ | ✓ |
| 债务相对资产下降 | ✓ | ✓ | ✕ |
| 流动比率上升 | — | — | — |
| 股数未增加 | ✓ | ✓ | ✓ |
| 毛利率上升 | — | — | — |
| 营收相对资产上升 | ✓ | ✕ | ✕ |
| F 分数 | — / 9 | — / 9 | — / 9 |
| 应计比率 | −1.7% | −2.9% | −1.0% |
| Altman Z'' | — | — | — |
相似公司
各公司最近一个财年的数据。各公司财年结束月份不同，因此期间并不完全一致。
| 公司 | 市值 | 增长 | 营业利润率 | 自由现金流利润率 | ROIC | 市盈率 | F 分数 | |
|---|---|---|---|---|---|---|---|---|
| Chubb CB | $140.1B | 6.5% | — | — | 13.6% | 12.6x | — | |
| Allstate ALL | $65.6B | 5.6% | — | 14.6% | 37.3% | 5.1x | — | 比较 → |
| Travelers Companies TRV | $83.9B | 5.2% | — | — | 20.1% | 10.5x | — | 比较 → |
| Progressive PGR | $133.2B | 16.3% | — | 19.6% | 39.2% | 11.4x | — | 比较 → |
| Hartford HIG | $37.8B | 6.9% | — | 20.3% | 22.6% | 8.8x | — | 比较 → |
10 年数据
金额单位为 USD。将鼠标悬停在指标名称上可查看定义。
| 财年 | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| 利润表 | ||||||||||
| 营收 | $31.5B | $32.2B | $32.7B | $34.2B | $36.0B | $40.9B | $43.1B | $49.7B | $55.8B | $59.4B |
| 利息支出 | $605M | $607M | $641M | $552M | $516M | $492M | $570M | $672M | $741M | $764M |
| 税前利润 | $5.0B | $3.7B | $4.7B | $5.2B | $4.2B | $9.8B | $6.5B | $9.5B | $11.5B | $13.0B |
| 所得税 | $815M | −$139M | $695M | $795M | $629M | $1.3B | $1.2B | $511M | $1.8B | $2.4B |
| 净利润 | $4.1B | $3.9B | $4.0B | $4.5B | $3.5B | $8.5B | $5.2B | $9.0B | $9.3B | $10.3B |
| 稀释每股收益 | $8.87 | $8.19 | $8.49 | $9.71 | $7.79 | $19.24 | $12.39 | $21.80 | $22.70 | $25.68 |
| 稀释股数 | 0.47B | 0.47B | 0.47B | 0.46B | 0.45B | 0.44B | 0.42B | 0.41B | 0.41B | 0.40B |
| 现金流 | ||||||||||
| 经营现金流 | $5.3B | $4.5B | $5.5B | $6.3B | $9.8B | $11.2B | $11.3B | $12.6B | $16.2B | $12.8B |
| 收购 | $14.2B | $0.0M | $0.0M | $29.0M | $0.0M | $1.2B | $5.2B | $34.0M | $538M | $289M |
| 股票回购 | $0.0M | $801M | $1.0B | $1.5B | $523M | $4.9B | $2.9B | $2.4B | $1.8B | $3.7B |
| 已付股息 | $1.2B | $1.3B | $1.3B | $1.4B | $1.4B | $1.4B | $1.4B | $1.4B | $1.4B | $1.5B |
| 股息与回购 | $1.2B | $2.1B | $2.4B | $2.9B | $1.9B | $6.3B | $4.3B | $3.8B | $3.2B | $5.2B |
| 资产负债表 | ||||||||||
| 现金及短期投资 | $4.0B | $4.3B | $4.3B | $5.8B | $6.1B | $4.8B | $7.0B | $7.2B | $7.7B | $7.3B |
| 总债务 | $13.1B | $12.6B | $12.6B | $14.9B | $14.9B | $16.2B | $14.9B | $14.5B | $15.2B | $17.2B |
| 融资租赁负债 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| 存货 | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| 固定资产净额 | $1.2B | $1.3B | $1.7B | $1.9B | $2.0B | $2.0B | $2.4B | $2.9B | $3.1B | $3.5B |
| 总资产 | $159.8B | $167.0B | $167.8B | $176.9B | $190.8B | $200.1B | $199.0B | $230.7B | $246.5B | $272.3B |
| 总负债 | $111.5B | $115.9B | $117.5B | $121.6B | $131.3B | $140.3B | $148.5B | $167.0B | $178.2B | $192.5B |
| 股东权益 | $48.3B | $51.2B | $50.3B | $55.3B | $59.4B | $58.3B | $50.5B | $59.5B | $64.0B | $73.8B |
| 利润率 | ||||||||||
| 净利率 | 13.1% | 12.0% | 12.1% | 13.0% | 9.8% | 20.9% | 12.2% | 18.2% | 16.6% | 17.4% |
| 回报率 | ||||||||||
| 资本回报率 | 11.1% | 7.4% | 7.6% | 8.0% | 6.0% | 13.0% | 8.9% | 14.9% | 14.0% | 13.6% |
| 股本回报率 | 10.7% | 7.8% | 7.8% | 8.4% | 6.2% | 14.5% | 9.6% | 16.4% | 15.0% | 15.0% |
| 资产回报率 | 3.2% | 2.4% | 2.4% | 2.6% | 1.9% | 4.4% | 2.6% | 4.2% | 3.9% | 4.0% |
| 增长 | ||||||||||
| 营收增长 | 65.7% | 2.5% | 1.5% | 4.5% | 5.3% | 13.5% | 5.5% | 15.4% | 12.1% | 6.5% |
| 净利润增长 | 45.9% | −6.6% | 2.6% | 12.4% | −20.7% | 141.3% | −38.5% | 72.1% | 2.7% | 11.2% |
| 每股收益增长 | 2.9% | −7.7% | 3.7% | 14.4% | −19.8% | 147.0% | −35.6% | 76.0% | 4.1% | 13.1% |
| 股数变化 | 41.7% | 1.1% | −0.9% | −1.7% | −1.2% | −2.3% | −4.4% | −2.2% | −1.4% | −1.7% |
| 财务健康 | ||||||||||
| 债务 / 股东权益 | 0.3x | 0.3x | 0.3x | 0.3x | 0.3x | 0.3x | 0.3x | 0.2x | 0.2x | 0.2x |
| 利息保障倍数 | 9.2x | 7.1x | 8.3x | 10.5x | 9.1x | 20.9x | 12.4x | 15.2x | 16.5x | 18.1x |
| 质量评分 | ||||||||||
| 应计比率 | −0.9% | −0.4% | −0.9% | −1.1% | −3.4% | −1.3% | −3.0% | −1.7% | −2.9% | −1.0% |
来源：SEC EDGAR XBRL 文件 (CIK 0000896159). 数据更新于 2026年10月9日。 第四季度数据为全年减去前九个月。 仅供参考，不构成投资建议。依赖任何数字前，请核对原始文件。