Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses. Its North America Personal P&C Insurance segment provides affluent and high net worth individuals and families with homeowners, automobile and collector cars, valuable articles, personal and excess liability, travel insurance, and recreational marine insurance and services. The company's North America Agricultural Insurance segment offers multiple peril crop and crop-hail insurance; and coverage for farm, ranch, and specialty property and casualty, and commercial agriculture products. Its Overseas General Insurance segment provides coverage for traditional commercial property and casualty; specialty categories, such as financial lines, marine, energy, aviation, political risk, and construction; and group accident and health, and traditional and specialty personal lines for corporations, middle markets, and small customers through retail brokers, agents, and other channels. The company's Global Reinsurance segment offers traditional and specialty reinsurance under the Chubb Tempest Re brand to property and casualty companies. Its Life Insurance segment provides protection and savings products comprising whole life, endowment plans, individual and life, group term life, health protection, personal accident, credit life, universal life, group employee benefits, and unit linked contracts. It markets its products primarily through insurance and reinsurance brokers. The company was formerly known as ACE Limited and changed its name to Chubb Limited in January 2016. Chubb Limited was incorporated in 1985 and is headquartered in Zurich, Switzerland.

Chubb Limited

Brown & Brown, Inc.’s BRO third-quarter 2025 adjusted earnings of $1.05 per share beat the Zacks Consensus Estimate by 16.6%. The bottom line increased 15.4% year over year.
The quarterly results reflected increased organic revenues, higher commission and fees, improved investment income and other income, and expanded EBITDAC margin, offset by higher expenses.
Brown & Brown, Inc. Price, Consensus and EPS Surprise
BRO’s Q3 Details
Total revenues of $1.6 billion beat the Zacks Consensus Estimate by 6.6%. The top line improved 35.4% year over year. The upside can be primarily attributed to commission and fees, which grew 34.2% year over year to $1.5 billion, as well as higher investment and other income. Our estimate for commission and fees growth was 21.9%. The Zacks Consensus Estimate is pegged at $1.4 billion.
Organic revenues improved 3.5% to $1.2 billion in the quarter under review.
Investment and other income increased 80.6% year over year to $56 million. Our estimate was $36.4 million.
Adjusted EBITDAC was $587 million, up 41.8% year over year. EBITDAC margin expanded 170 basis points (bps) year over year to 36.6%. Our estimate for adjusted EBITDAC was $483.7 million.
Total expenses increased 49% to $1.3 billion due to a rise in employee compensation and benefits, other operating expenses, amortization, depreciation, mark-to-market of escrow liability, and interest. Our estimate was $1.2 billion.
Financial Update of BRO
Brown & Brown exited the third quarter with cash and cash equivalents of $1.2 billion, which increased 76.2% from the 2024-end level.
Long-term debt was $7.6 billion as of Sept. 30, 2025, more than double from the 2024-end level.
Net cash provided by operating activities in the first nine months of 2025 was $1 billion, up 23.7% year over year.
Capital Deployment
The board of directors declared a 10% increase to its quarterly dividend to 16.5 cents per share. The dividend will be paid out on Nov. 12, 2025, to shareholders of record at the close of business on Nov. 5, 2025. The dividend hike marks Brown & Brown’s 32nd consecutive annual dividend increase.
The board has also authorized the purchase of up to an additional $1.25 billion of shares. With this authorization, Brown & Brown will have outstanding approval to purchase up to approximately $1.5 billion of BRO's outstanding common stock.
Zacks Rank
BRO carries a Zacks Rank #3 (Hold) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
Chubb Limited CB reported third-quarter 2025 core operating income of $7.49 per share, which beat the Zacks Consensus Estimate by 26%. The bottom line increased 30.9% year over year. Net premiums written improved 7.5% year over year to $14.8 billion in the quarter. Our estimate was $14.4 billion while the Zacks Consensus Estimate was pegged at $14.5 billion.
Pre-tax net investment income was $1.65 billion, up 9.3% year over year. Our estimate and the Zacks Consensus Estimate were both pegged at $1.8 billion. Revenues of $16.1 billion beat the consensus estimate by 1.6% and improved 7.4% year over year. Property and casualty underwriting income was $2.2 billion, up 55% year over year. The Zacks Consensus Estimate was pegged at $1.4 billion.
The Travelers Companies, Inc. TRV reported third-quarter 2025 core income of $8.14 per share, which beat the Zacks Consensus Estimate by 35.4%. The bottom line increased 55% year over year. Travelers’ total revenues increased 5% from the year-ago quarter to $12.44 billion, primarily driven by higher premiums, net investment income, fee income and other revenues. The top-line figure beat the Zacks Consensus Estimate by 0.7%.
Net written premiums increased 1% year over year to a record $11.47 billion. The underwriting gain doubled year over year to $1.4 billion. The consolidated underlying combined ratio of 83.9 improved 170 bps year over year. The combined ratio improved 590 bps year over year to 87.3 due to lower catastrophe losses and an improvement in the underlying combined ratio, partially offset by lower net favorable prior year reserve development.
W.R. Berkley Corporation's WRB third-quarter 2025 operating income of $1.10 per share beat the Zacks Consensus Estimate of $1.03 by 2.8%. The bottom line increased 18.3% year over year. Operating revenues came in at $3.6 billion, up 8.2% year over year, on the back of higher net premiums earned as well as improved net investment income and higher insurance service fees. The top line beat the consensus estimate by 0.4%.
W.R. Berkley’s net premiums written were $3.4 billion, up 5.5% year over year. Our estimate was $3.3 billion. The consolidated combined ratio (a measure of underwriting profitability) remained flat year over year at 90.9. The Zacks Consensus Estimate was pegged at 89.6.
Quantum Computing Stocks Set To Soar
Artificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.
Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.
Access the Report Free Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Brown & Brown Q3 Earnings & Revenues Beat Estimates, Dividend Raised

Principal Financial Group, Inc.’s PFG third-quarter 2025 operating net income of $2.10 per share missed the Zacks Consensus Estimate by 3.6%. Also, the bottom line increased 19% year over year.
Operating revenues increased 6.2% year over year to $3.8 billion due to increased premiums and other considerations, fees, and other revenues and net investment income. The metric missed the Zacks Consensus Estimate by 4.1%.
Principal Financial witnessed solid performance across the Retirement and Income Solution, Investment Management, Specialty Benefits segments and improved assets under management (AUM) and mixed performances in the other segments, offset by higher expenses.
Principal Financial Group, Inc. Price, Consensus and EPS Surprise
Behind the Headlines
Total expenses increased 3.8% year over year to $3.4 billion due to higher benefits, claims and settlement expenses, dividends to policyholders and operating expenses. The figure was lower than our estimate of $3.6 billion.
As of Sept. 30, 2025, Principal Financial’s AUM amounted to $784.3 billion, which included $0.4 billion of net cash flow and assets under administration of $1.8 trillion. AUM improved 10.1% from 2024-end.
Segment Update
Retirement and Income Solution: Revenues increased 11.8% year over year to $1.9 billion because of higher premiums and other considerations, fees, and other revenues and net investment income. The figure beat our estimate of $1.8 billion.
Pre-tax operating earnings increased 26% year over year to $310.3 million due to higher net revenue and disciplined expense management. The figure missed our estimate of $319 million.
Investment Management: Revenues rose 3.7% year over year to $483.9 million in the quarter due to higher fees and other revenues. The figure was higher than our estimate of $482.4 million.
Pre-tax operating earnings increased 9% year over year to $173.5 million, primarily driven by higher operating revenues less pass-through expenses and disciplined expense management. The figure was higher than our estimate of $157.1 million.
International Pension: Revenues decreased 10.5% year over year to $248 million, owing to lower premiums and other considerations, and net investment income. The figure was higher than our estimate of $245.4 million.
Pre-Tax operating earnings of $101.2 million declined 8% year over year. The metric beat our estimate of $76.4 million.
Specialty Benefits: Revenues increased 3.2% year over year to $896.5 million, owing to higher premiums and other considerations, fees and other revenues and net investment income. The metric missed our estimate of $939.2 million.
Pre-tax operating earnings of $155.5 million increased 53% year over year due to more favorable underwriting experience, along with growth in the business. The metric missed our estimate of $205.3 million.
Life Insurance: Revenues increased 5.6% year over year to $364.2 million owing to higher premiums and other considerations, fees and other revenues and net investment income. The metric missed our estimate of $422.9 million.
Pre-tax operating losses were $69 million, which was wider than the year-ago quarter’s loss of $37.3 million due to less favorable mortality. The figure was against our estimate of earnings of $107.3 million.
Corporate: Pre-tax operating losses of $91.6 million were wider than the loss of $79.4 million incurred a year ago. This increase was primarily due to lower interest income and higher operating expenses. The figure was wider than our estimate of a loss of $69.8 million.
Financial Update
As of Sept. 30, 2025, cash and cash equivalents were $5.1 billion, which increased 22% from 2024-end.
At the third-quarter end, long-term debt was $3.9 billion, which declined 0.7% from the 2024-end. As of Sept. 30, 2025, book value per share (excluding cumulative change in fair value of funds withheld, embedded derivative, and AOCI other than foreign currency translation adjustment) was $55.93, up 4.2% from 2024-end.
Dividend and Share Repurchase Update
Principal Financial returned $398 million of capital to shareholders, which included $225 million of share repurchases and $173 million of dividends in the third quarter.
The board of directors declared a fourth-quarter dividend of 79 cents per share, an 8% increase from the fourth quarter of 2024. The dividend will be paid out on Dec. 19, 2025, to shareholders of record as of Dec. 3.
Zacks Rank
Principal Financial currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
Chubb Limited CB reported third-quarter 2025 core operating income of $7.49 per share, which beat the Zacks Consensus Estimate by 26%. The bottom line increased 30.9% year over year. Net premiums written improved 7.5% year over year to $14.8 billion in the quarter. Our estimate was $14.4 billion while the Zacks Consensus Estimate was pegged at $14.5 billion.
Pre-tax net investment income was $1.65 billion, up 9.3% year over year. Our estimate and the Zacks Consensus Estimate were both pegged at $1.8 billion. Revenues of $16.1 billion beat the consensus estimate by 1.6% and improved 7.4% year over year. Property and casualty (P&C) underwriting income was $2.2 billion, up 55% year over year. The Zacks Consensus Estimate was pegged at $1.4 billion.
The Travelers Companies, Inc. TRV reported third-quarter 2025 core income of $8.14 per share, which beat the Zacks Consensus Estimate by 35.4%. The bottom line increased 55% year over year. Travelers’ total revenues increased 5% from the year-ago quarter to $12.44 billion, primarily driven by higher premiums, net investment income, fee income and other revenues. The top-line figure beat the Zacks Consensus Estimate by 0.7%.
Net written premiums increased 1% year over year to a record $11.47 billion. The underwriting gain doubled year over year to $1.4 billion. The consolidated underlying combined ratio of 83.9 improved 170 bps year over year. The combined ratio improved 590 bps year over year to 87.3 due to lower catastrophe losses and an improvement in the underlying combined ratio, partially offset by lower net favorable prior year reserve development.
W.R. Berkley Corporation's WRB third-quarter 2025 operating income of $1.10 per share beat the Zacks Consensus Estimate of $1.03 by 2.8%. The bottom line increased 18.3% year over year. Operating revenues came in at $3.6 billion, up 8.2% year over year, on the back of higher net premiums earned as well as improved net investment income and higher insurance service fees. The top line beat the consensus estimate by 0.4%.
W.R. Berkley’s net premiums written were $3.4 billion, up 5.5% year over year. Our estimate was $3.3 billion. The consolidated combined ratio (a measure of underwriting profitability) remained flat year over year at 90.9. The Zacks Consensus Estimate was pegged at 89.6.
Quantum Computing Stocks Set To Soar
Artificial intelligence has already reshaped the investment landscape, and its convergence with quantum computing could lead to the most significant wealth-building opportunities of our time.
Today, you have a chance to position your portfolio at the forefront of this technological revolution. In our urgent special report, Beyond AI: The Quantum Leap in Computing Power, you'll discover the little-known stocks we believe will win the quantum computing race and deliver massive gains to early investors.
Access the Report Free Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Principal Financial Q3 Earnings & Revenues Lag Estimates, Dividend Up

Chubb (CB) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this insurer have returned -0.4% over the past month versus the Zacks S&P 500 composite's -0.5% change. The Zacks Insurance - Property and Casualty industry, to which Chubb belongs, has lost 4.3% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Chubb is expected to post earnings of $5.61 per share for the current quarter, representing a year-over-year change of -32.4%. Over the last 30 days, the Zacks Consensus Estimate has changed -2.6%.
The consensus earnings estimate of $21.60 for the current fiscal year indicates a year-over-year change of -4.2%. This estimate has changed +1.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $23.09 indicates a change of +6.9% from what Chubb is expected to report a year ago. Over the past month, the estimate has changed +0.4%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Chubb.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Chubb, the consensus sales estimate of $14.4 billion for the current quarter points to a year-over-year change of +7.6%. The $56.46 billion and $60.85 billion estimates for the current and next fiscal years indicate changes of +10.6% and +7.8%, respectively.
Last Reported Results and Surprise History
Chubb reported revenues of $15.01 billion in the last reported quarter, representing a year-over-year change of +6.6%. EPS of $5.72 for the same period compares with $4.95 a year ago.
Compared to the Zacks Consensus Estimate of $15.25 billion, the reported revenues represent a surprise of -1.56%. The EPS surprise was +16.02%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Chubb is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Chubb. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 5 Stocks Set to Double. Click to get this free report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Chubb Limited (CB) is Attracting Investor Attention: Here is What You Should Know

Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.
Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.
Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool.
The Zacks Earnings ESP, Explained
The Zacks Earnings ESP, or Expected Surprise Prediction, aims to find earnings surprises by focusing on the most recent analyst revisions. The basic premise is that if an analyst reevaluates their earnings estimate ahead of an earnings release, it means they likely have new information that could possibly be more accurate.
The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a ranking of #3 (Hold), or 60% of all stocks covered by the Zacks Rank, are expected to perform in-line with the broader market. Stocks with rankings of #2 (Buy) and #1 (Strong Buy), or the top 15% and top 5% of stocks, respectively, should outperform the market; Strong Buy stocks should outperform more than any other rank.
Should You Consider Travelers?
The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Travelers (TRV) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $6.46 a share 30 days away from its upcoming earnings release on January 22, 2025.
By taking the percentage difference between the $6.46 Most Accurate Estimate and the $6.39 Zacks Consensus Estimate, Travelers has an Earnings ESP of +1.09%. Investors should also know that TRV is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
TRV is one of just a large database of Finance stocks with positive ESPs. Another solid-looking stock is Wells Fargo (WFC).
Slated to report earnings on January 10, 2025, Wells Fargo holds a #2 (Buy) ranking on the Zacks Rank, and it's Most Accurate Estimate is $1.39 a share 18 days from its next quarterly update.
The Zacks Consensus Estimate for Wells Fargo is $1.33, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +4.23%.
Because both stocks hold a positive Earnings ESP, TRV and WFC could potentially post earnings beats in their next reports.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
Zacks Naming Top 10 Stocks for 2025
Want to be tipped off early to our 10 top picks for the entirety of 2025?
History suggests their performance could be sensational.
From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 5 Stocks Set to Double. Click to get this free report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

These 2 Finance Stocks Could Beat Earnings: Why They Should Be on Your Radar

Shares of Berkshire Hathaway Inc. (BRK.B) closed at $492.10 on Friday, a 9.2% discount to its 52-week high of $542.07, after having gained 8.6% year to date. Shares outperformed the industry but underperformed the Finance sector as well as the Zacks S&P 500 composite index in the same time frame.
Berkshire Hathaway is a conglomerate with more than 90 subsidiaries engaged in diverse business activities. This provides it stability in various economic cycles.
BRK.B is now trending below its 50-day simple moving average (SMA), indicating the possibility of a downside ahead.
BRK.B vs Industry, Sector S&P 500
Image Source: Zacks Investment Research
Shares of BRK.B’s peers, Chubb Limited CB and The Progressive Corporation PGR, have gained 1.6% each year to date.
Chubb, a premier global provider of property and casualty insurance and reinsurance, is targeting growth in the middle-market segment across both domestic and international markets. Chubb is enhancing its core package solutions and expanding its specialty insurance portfolio. With focused strategic initiatives, Chubb seeks sustainable growth and stronger competitive positioning.
Progressive, one of the top auto insurers in the United States, is well-positioned to sustain profitability through its strong market presence, broad product offerings and disciplined underwriting. Progressive is advancing its strategy by promoting bundled auto insurance, limiting exposure to high-risk properties, and enhancing segmentation with targeted, innovative solutions. With this approach, Progressive continues to strengthen its competitive edge.
BRK.B Shares Are Expensive
The stock is overvalued compared with its industry. It is currently trading at a price-to-book multiple of 1.58, higher than the industry average of 1.53.
Image Source: Zacks Investment Research
Berkshire is relatively cheap compared to Progressive but expensive compared to Chubb.
Average Target Price for BRK.B Suggests Upside
Based on short-term price targets offered by four analysts, the Zacks average price target is $536.75 per share. The average suggests a potential 9.5% upside from the last closing price.
Factors to Note for BRK.B Stock
Berkshire Hathaway’s insurance operations, which contribute roughly a quarter of total revenues, continue to lead its business model. This segment remains a key driver of long-term growth, supported by disciplined underwriting practices, an extensive market presence, and a demonstrated ability to perform well even under challenging economic conditions.
A solid insurance operation is complemented by its other divisions. Berkshire Hathaway Energy (BHE), the company’s regulated utility arm, delivers steady cash flows and continues to expand its renewable energy portfolio—aligning with global electrification and sustainability goals. Within the same division, Burlington Northern Santa Fe (BNSF), Berkshire’s rail subsidiary, plays a critical strategic role in U.S. freight transportation. Although BNSF currently faces headwinds from an unfavorable freight mix and lower fuel surcharge revenues, the business remains a strong long-term asset supported by consistent utility demand and infrastructure importance.
The Manufacturing, Service, and Retail segment adds cyclical upside potential. It is positioned to benefit from a stronger economic backdrop and rising consumer spending, which together support higher sales and profit margins.
Financially, Berkshire maintains one of the most conservative capital allocations. It holds over $100 billion—about 90% of its cash equivalents—in short-term U.S. Treasuries and other government-backed securities. At a time of elevated interest rate, while its investment income has strengthened, the Federal Reserve’s shift toward rate cuts should sustain liquidity and returns. This prudent stance enables Berkshire to act swiftly on acquisition opportunities while maintaining a stable yield profile.
Berkshire has also been actively reshaping its equity portfolio—exiting BYD, trimming Apple and Bank of America holdings and increasing investments in Japanese trading houses like Mitsubishi and Mitsui. These moves emphasize management’s focus on stable, cash-generating assets that support future share buybacks and reinvestment.
Finally, Berkshire’s expanding insurance float—rising from $114 billion in 2017 to $174 billion by mid-2025—continues to provide low-cost capital, fueling investments in durable, high-return assets and reinforcing its strong balance sheet and shareholder value creation.
Berkshire Hathaway’s Return on Capital
Return on equity (“ROE”) in the trailing 12 months was 7%, underperforming the industry average of 7.7%. Return on equity, a key profitability measure, reflects how effectively a company utilizes its shareholders’ funds. It is noteworthy that though BRK.B’s ROE lags the industry average, the metric has been improving consistently.
The same holds true for return on invested capital (ROIC), which has increased every year since 2020. This reflects BRK.B’s efficiency in utilizing funds to generate income. However, ROIC in the trailing 12 months was 5.6%, lower than the industry average of 5.9%.
Mixed Analyst Sentiment
The Zacks Consensus Estimate for 2025 earnings implies a 7.7% year-over-year decrease, while the same for 2026 suggests a 1.9% increase. The expected long-term earnings growth rate is pegged at 7%, in line with the industry average.
Image Source: Zacks Investment Research
The consensus estimate for 2025 earnings has moved up 0.3% in the past 30 days, while that for 2026 witnessed no movement in the same time.
Parting Thoughts on BRK.B Shares
Berkshire Hathaway has long added strength and stability to investors’ portfolios, delivering consistent shareholder value for nearly six decades under Warren Buffett’s leadership.
The attention now turns to the company’s future as Greg Abel prepares to step in as CEO on Jan. 1, 2026, with Buffett continuing as executive chairman.
However, with Berkshire trading at a premium valuation, witnessing modest returns on capital, facing near-term earnings headwinds, and having a cautious analyst outlook, a wait-and-see approach seems prudent for this Zacks Rank #3 (Hold) stock.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See "2nd Wave" AI stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

BRK.B Trading at a Discount to 52-Week High: How to Play the Stock

Chubb Limited CB reported third-quarter 2025 core operating income of $7.49 per share, which beat the Zacks Consensus Estimate by 26%. The bottom line increased 30.9% year over year.
The quarterly results reflect strong performance across most of the segments, solid underwriting income, improved investment income, and a lower level of catastrophe.
Chubb Limited Price, Consensus and EPS Surprise
Quarter in Detail
Net premiums written improved 7.5% year over year to $14.8 billion in the quarter. Our estimate was $14.4 billion while the Zacks Consensus Estimate was pegged at $14.5 billion.
Pre-tax net investment income was $1.65 billion, up 9.3% year over year. Our estimate and the Zacks Consensus Estimate were both pegged at $1.8 billion.
Revenues of $16.1 billion beat the consensus estimate by 1.6% and improved 7.4% year over year.
Property and casualty (P&C) underwriting income was $2.2 billion, up 55% year over year. The Zacks Consensus Estimate was pegged at $1.4 billion. Current accident year underwriting income, excluding catastrophe losses, was $2.2 billion, up 10.3%.
Chubb Limited incurred a pre-tax P&C catastrophe loss, net of reinsurance and including reinstatement premiums of $285 million, which was narrower than the year-ago catastrophe loss of $765 million.
The P&C combined ratio improved 590 basis points (bps) on a year-over-year basis to 81.8% in the quarter under review. The Zacks Consensus Estimate for the combined ratio was pegged at 88.
Segmental Update
North America Commercial P&C Insurance: Net premiums written increased 2.9% year over year to $5.6 billion. Our estimate was $5.4 billion. The combined ratio improved 500 bps to 81.5%. Our estimate was 85.9.
North America Personal P&C Insurance: Net premiums written climbed 8.1% year over year to $1.8 billion. Our estimate was $1.7 billion. The combined ratio improved 1,620 bps to 65.1%, reflecting lower catastrophe losses and higher favorable prior period development. Our estimate was 85.9.
North America Agricultural Insurance: Net premiums written increased 5.6% from the year-ago quarter to $1.4 billion, primarily due to an increase in exposure in the company’s crop insurance business, which more than offset year-over-year declines in commodity prices. The figure matched our estimate. The combined ratio improved 240 bps to 88%. Our estimate was 96.4%.
Overseas General Insurance: Net premiums written jumped 9.7% year over year to $3.6 billion. The figure matched both the Zacks Consensus Estimate and our estimate. The combined ratio improved 270 bps to 83.3%. Our estimate was 88.4.
Global Reinsurance: Net premiums written declined 13.5% year over year to $304 million. Our estimate was $408.4 million. The combined ratio improved 1,700 bps to 77.4%. Our estimate was 127.9.
Life Insurance: Net premiums written increased 24.6% year over year to $1.93 billion, with growth of 26.5% in International Life. Our estimate was $1.8 billion.
The Life Insurance segment income was $324 million, up 13.9% in constant dollars. The Zacks Consensus Estimate was pegged at $278 million.
Financial Update
The cash balance of $2.4 billion, as of Sept. 30, 2025, decreased 3.7% from the 2024-end level. Total shareholders’ equity grew 13.7% from the level at 2024-end to $77.8 billion as of Sept. 30, 2025. Book value per share, as of Sept. 30, 2024, was $182.22, up 14% from the figure as of Dec. 31, 2024.
Core operating return on tangible equity expanded 280 bps year over year to 24.5%. Operating cash flow was $3.64 billion in the quarter under consideration, while adjusted operating cash flow was $4.51 billion.
Capital Deployment
In the quarter, Chubb Limited bought back shares worth $1.23 billion and paid $385 million in dividends.
Zacks Rank
Chubb Limited currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other P&C Insurers
The Progressive Corporation’s PGR third-quarter 2025 earnings per share of $4.05 missed the Zacks Consensus Estimate by 20.3%. Operating revenues of $22.2 billion missed the Zacks Consensus Estimate by 0.6%. However, the bottom line increased 13.1% year over year and the top line rose 12.7%.
Net premiums written were $21.3 billion in the quarter, up 10% from $19.5 billion a year ago. Net premiums earned grew 14% to $20.8 billion, missing the Zacks Consensus Estimate of $21.1 billion.
The Travelers Companies, Inc. TRV reported third-quarter 2025 core income of $8.14 per share, which beat the Zacks Consensus Estimate by 35.4%. The bottom line increased 55% year over year. Travelers’ total revenues increased 5% from the year-ago quarter to $12.44 billion, primarily driven by higher premiums, net investment income, fee income and other revenues. The top-line figure beat the Zacks Consensus Estimate by 0.7%.
Net written premiums increased 1% year over year to a record $11.47 billion. The underwriting gain doubled year over year to $1.4 billion. The consolidated underlying combined ratio of 83.9 improved 170 bps year over year. The combined ratio improved 590 bps year over year to 87.3 due to lower catastrophe losses and an improvement in the underlying combined ratio, partially offset by lower net favorable prior year reserve development.
W.R. Berkley Corporation's WRB third-quarter 2025 operating income of $1.10 per share beat the Zacks Consensus Estimate of $1.03 by 2.8%. The bottom line increased 18.3% year over year. Operating revenues came in at $3.6 billion, up 8.2% year over year, on the back of higher net premiums earned as well as improved net investment income and higher insurance service fees. The top line beat the consensus estimate by 0.4%.
W.R. Berkley’s net premiums written were $3.4 billion, up 5.5% year over year. Our estimate was $3.3 billion. The consolidated combined ratio (a measure of underwriting profitability) remained flat year over year at 90.9. The Zacks Consensus Estimate was pegged at 89.6.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See "2nd Wave" AI stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Chubb Limited Q3 Earnings & Revenues Beat Estimates, Premiums Rise Y/Y

For the quarter ended September 2025, Chubb (CB) reported revenue of $16.14 billion, up 7.5% over the same period last year. EPS came in at $7.49, compared to $5.72 in the year-ago quarter.
The reported revenue represents a surprise of +1.61% over the Zacks Consensus Estimate of $15.88 billion. With the consensus EPS estimate being $5.94, the EPS surprise was +26.09%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Chubb performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Loss and loss expense ratio: 56.7% compared to the 62.4% average estimate based on seven analysts.
Combined ratio: 81.8% versus the seven-analyst average estimate of 87.7%.
North America Agricultural Insurance - Combined ratio: 88% versus 92.2% estimated by six analysts on average.
North America Agricultural Insurance - Loss and loss expense ratio: 81.9% compared to the 86.3% average estimate based on six analysts.
Net premiums written- North American Personal P&C Insurance: $1.81 billion versus $1.79 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8% change.
Net investment income- Overseas General Insurance: $288 million compared to the $303.16 million average estimate based on six analysts. The reported number represents a change of +0.7% year over year.
Net investment income- Global Reinsurance: $100 million versus the six-analyst average estimate of $72.62 million. The reported number represents a year-over-year change of +56.3%.
Net premiums written- Total P&C: $12.93 billion compared to the $12.93 billion average estimate based on six analysts. The reported number represents a change of +5.4% year over year.
Net premiums written- Global Reinsurance: $304 million versus the six-analyst average estimate of $369.68 million. The reported number represents a year-over-year change of -13.6%.
Net premiums written- Overseas General Insurance: $3.7 billion versus $3.63 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +9.7% change.
Net investment income- North America Agricultural Insurance: $20 million versus the six-analyst average estimate of $20.95 million. The reported number represents a year-over-year change of 0%.
Net premiums earned- Total P&C (Property and Casualty): $12.43 billion compared to the $12.51 billion average estimate based on six analysts. The reported number represents a change of +5% year over year.
Shares of Chubb have returned -1.8% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the favorite stock to gain +100% or more in the months ahead. They include
Stock #1: A Disruptive Force with Notable Growth and Resilience
Stock #2: Bullish Signs Signaling to Buy the Dip
Stock #3: One of the Most Compelling Investments in the Market
Stock #4: Leader In a Red-Hot Industry Poised for Growth
Stock #5: Modern Omni-Channel Platform Coiled to Spring
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. While not all picks can be winners, previous recommendations have soared +171%, +209% and +232%.
Download Atomic Opportunity: Nuclear Energy's Comeback free today.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Chubb (CB) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

Chubb (CB) came out with quarterly earnings of $7.49 per share, beating the Zacks Consensus Estimate of $5.94 per share. This compares to earnings of $5.72 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +26.09%. A quarter ago, it was expected that this insurer would post earnings of $5.89 per share when it actually produced earnings of $6.14, delivering a surprise of +4.24%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Chubb, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $16.14 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 1.61%. This compares to year-ago revenues of $15.01 billion. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Chubb shares have lost about 2.9% since the beginning of the year versus the S&P 500's gain of 14.5%.
What's Next for Chubb?
While Chubb has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Chubb was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $6.25 on $15.14 billion in revenues for the coming quarter and $22.01 on $59.45 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Property and Casualty is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Mercury General (MCY), is yet to report results for the quarter ended September 2025. The results are expected to be released on November 4.
This auto insurance company is expected to post quarterly earnings of $2.15 per share in its upcoming report, which represents a year-over-year change of -15.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Mercury General's revenues are expected to be $1.49 billion, up 4.9% from the year-ago quarter.
Should You Invest in Chubb Limited (CB)?
Before you invest in Chubb Limited (CB), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Chubb Limited (CB) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Chubb (CB) Beats Q3 Earnings and Revenue Estimates

(RTTNews) - Chubb Limited (CB) revealed a profit for its third quarter that Increased, from the same period last year
The company's bottom line totaled $2.801 billion, or $6.99 per share. This compares with $2.324 billion, or $5.70 per share, last year.
The company's revenue for the period rose 7.5% to $14.866 billion from $13.829 billion last year.
Chubb Limited earnings at a glance (GAAP) :
-Earnings: $2.801 Bln. vs. $2.324 Bln. last year. -EPS: $6.99 vs. $5.70 last year. -Revenue: $14.866 Bln vs. $13.829 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Chubb Limited Reveals Increase In Q3 Profit

The following companies are expected to report earnings after hours on 10/21/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
Netflix, Inc. (NFLX)is reporting for the quarter ending September 30, 2025. The broadcast (radio/tv) company's consensus earnings per share forecast from the 10 analysts that follow the stock is $6.89. This value represents a 27.59% increase compared to the same quarter last year. In the past year NFLX has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 1.7%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for NFLX is 47.45 vs. an industry ratio of 54.10.
Texas Instruments Incorporated (TXN)is reporting for the quarter ending September 30, 2025. The semiconductor company's consensus earnings per share forecast from the 10 analysts that follow the stock is $1.47. This value represents a no change for the same quarter last year. In the past year TXN has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 6.82%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for TXN is 32.13 vs. an industry ratio of -6.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Capital One Financial Corporation (COF)is reporting for the quarter ending September 30, 2025. The financial services company's consensus earnings per share forecast from the 8 analysts that follow the stock is $4.20. This value represents a 6.87% decrease compared to the same quarter last year. In the past year COF has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 43.08%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for COF is 12.37 vs. an industry ratio of 14.50.
Chubb Limited (CB)is reporting for the quarter ending September 30, 2025. The insurance (property & casualty) company's consensus earnings per share forecast from the 9 analysts that follow the stock is $5.94. This value represents a 3.85% increase compared to the same quarter last year. In the past year CB has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 4.24%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for CB is 12.19 vs. an industry ratio of 12.80.
Waste Connections, Inc. (WCN)is reporting for the quarter ending September 30, 2025. The waste removal company's consensus earnings per share forecast from the 14 analysts that follow the stock is $1.38. This value represents a 2.22% increase compared to the same quarter last year. WCN missed the consensus earnings per share in the 4th calendar quarter of 2024 by -3.33%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for WCN is 34.18 vs. an industry ratio of 57.00.
EQT Corporation (EQT)is reporting for the quarter ending September 30, 2025. The oil (us exp & production) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $0.47. This value represents a 291.67% increase compared to the same quarter last year. In the past year EQT has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 2.27%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for EQT is 19.74 vs. an industry ratio of 42.50.
Omnicom Group Inc. (OMC)is reporting for the quarter ending September 30, 2025. The advertising/marketing company's consensus earnings per share forecast from the 3 analysts that follow the stock is $2.15. This value represents a 5.91% increase compared to the same quarter last year. In the past year OMC has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 1.49%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for OMC is 9.22 vs. an industry ratio of -2.00, implying that they will have a higher earnings growth than their competitors in the same industry.
East West Bancorp, Inc. (EWBC)is reporting for the quarter ending September 30, 2025. The bank (west) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $2.35. This value represents a 12.44% increase compared to the same quarter last year. EWBC missed the consensus earnings per share in the 4th calendar quarter of 2024 by -2.35%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for EWBC is 10.85 vs. an industry ratio of 7.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Manhattan Associates, Inc. (MANH)is reporting for the quarter ending September 30, 2025. The computer software company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.81. This value represents a 21.36% decrease compared to the same quarter last year. In the past year MANH has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 27.63%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for MANH is 59.18 vs. an industry ratio of 23.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Pegasystems Inc. (PEGA)is reporting for the quarter ending September 30, 2025. The computer software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.04. This value represents a 300.00% increase compared to the same quarter last year. PEGA missed the consensus earnings per share in the 3rd calendar quarter of 2024 by -75%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for PEGA is 42.15 vs. an industry ratio of 23.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Agree Realty Corporation (ADC)is reporting for the quarter ending September 30, 2025. The reit company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.05. This value represents a 1.94% increase compared to the same quarter last year. In the past year ADC has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2025 Price to Earnings ratio for ADC is 18.04 vs. an industry ratio of 13.70, implying that they will have a higher earnings growth than their competitors in the same industry.
Western Alliance Bancorporation (WAL)is reporting for the quarter ending September 30, 2025. The bank (west) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $2.11. This value represents a 17.22% increase compared to the same quarter last year. WAL missed the consensus earnings per share in the 3rd calendar quarter of 2024 by -5.26%. Zacks Investment Research reports that the 2025 Price to Earnings ratio for WAL is 8.90 vs. an industry ratio of 7.80, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.