Chubb Limited

AI-generated fair value estimate for this company.

Method: Excess-return/justified-P/TBV model: tangible book value $126.76/share; normalized ROE 14%; 9% cost of equity; 5% long-term book-value growth (retained earnings plus buybacks); implied justified P/TBV 2.25x.

Reasoning: Chubb is a high-quality, diversified global P&C insurer whose economics are best captured by return on (tangible) book value rather than conventional FCF, since underwriting float and investment income drive earnings; the inputs reflect its best-in-class 83.8% combined ratio and consistent double-digit ROE.