CB · NYQ · Financial Services
Chubb Limited
Also onShortfallConsensus DriftCrosscheck
Implied value per share
USD 726.19
Market price
USD 368.98
Implied upside
+96.8%
10-year forecast · Excess returns over book equity · Base case · Price 2026-11-02 · Accounts to 2025-12-31
NoteA financial, valued on excess returns over book equity.
Excess Returns
- Return on equity
- 16.1%
- Payout
- 15%
- Cost of equity
- 7.10%
| Line | FY26 | FY27 | FY28 | FY29 | FY30 | FY31 | FY32 | FY33 | FY34 | FY35 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening book equity | USD 73.8bn | USD 83.0bn | USD 92.4bn | USD 101.9bn | USD 111.3bn | USD 120.3bn | USD 128.6bn | USD 136.1bn | USD 142.5bn | USD 147.7bn |
| Return on equity | 16.1% | 16.1% | 16.1% | 16.1% | 16.1% | 16.1% | 16.1% | 16.1% | 16.1% | 16.1% |
| Excess return | USD 6.6bn | USD 7.5bn | USD 8.3bn | USD 9.2bn | USD 10.0bn | USD 10.8bn | USD 11.6bn | USD 12.3bn | USD 12.8bn | USD 13.3bn |
| Present value | USD 6.2bn | USD 6.5bn | USD 6.8bn | USD 7.0bn | USD 7.1bn | USD 7.2bn | USD 7.2bn | USD 7.1bn | USD 6.9bn | USD 6.7bn |
| Book equity | USD 73.8bn |
| Present value of excess returns | USD 68.6bn |
| Terminal, growing at 2.50% | USD 149.2bn |
| Equity value | USD 291.6bn |
| Per share | USD 726.19 |
Discount Rate
| Risk-free rate | 4.89% | US 10-year Treasury (^TNX), 2026-11-02 |
| Equity risk premium | 4.23% | Damodaran, January 2026 |
| Beta | 0.522 | Reported 0.286, pulled toward 1.0 (Blume) |
| Cost of equity | 7.10% | Risk-free + beta x equity risk premium |
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Yahoo Finance and RBA data. General information, not advice. Methodology.