CB

LONGINSIDER SELL

CHUBB LTD SWITZ

Funds

Score

4.00

vs SPY

-20.7%

Stock return (since Q-end)

-4.4%

SPY return (since Q-end)

+16.3%

Current price

$311.73

News Summary

Positive

Chubb delivered a strong Q1 2026 earnings beat ($5.88 EPS vs. $6.80 estimate) with robust underwriting income, 10.7% premium growth, and exceptional cash flow ($3.95B), while raising 2026 EPS guidance to $27–$28.50. However, material headwinds include rapid property market softening, inadequate pricing forcing the company to shed Major Accounts and E&S business, $500M in CAT losses, and 14 insider sales with zero purchases, suggesting management may view valuation as elevated.

Red flags

•Rapid softening in property and financial lines markets with inadequate pricing; management actively non-renewing substantial shared/layered property business
•14 insider sales versus 0 purchases in past 6 months suggests potential concern about valuation despite strong results
•P&C rate declines in international retail (down 2.5% on P&C, down 7.4% on financial lines) indicate competitive pricing pressure

Funds Buying (3)

Fund	Manager	Shares Held	∆ Shares	Position Value	QoQ	Status
Viking Global	Andreas Halvorsen	1.3M	+281K	$422.1B	+28%	Existing
Point72	Steve Cohen	32K	+32K	$10.6B	—	NEW
Soros Fund Management	Soros Family Office	23K	+23K	$7.5B	—	NEW

Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter.

Insider Activity

Name	Title	Type	Shares	Price	Value	Filed
Keogh John W	President &COO	SELL	20K	$321.45	$6.49M	2026-05-27
Keogh John W	President &COO	SELL	3K	$321.95	$0.91M	2026-05-27
ATIEH MICHAEL G	—	SELL	578	$329.53	$0.19M	2026-05-21