Roth Capital Partners raised its price target on Chubb Limited to $360 from $330 on 4 February, maintaining a Buy rating following the insurer's fourth-quarter earnings beat. The analyst highlighted strong underwriting performance, with a reported combined ratio of 81.2% and an underlying combined ratio of 80.6%. Chubb reported higher quarterly profit driven by stronger investment income and reduced catastrophe losses. Pre-tax net investment income rose 8% to a record $1.69 billion, whilst catastrophe losses fell to $365 million from $607 million year-on-year. Core operating income increased to $2.98 billion, or $7.52 per share, compared with $2.45 billion, or $6.02 per share, in the same period last year. The Switzerland-based holding company provides insurance and reinsurance products globally.

Chubb Limited reported fourth-quarter revenue of $15.34 billion, up 7.4% year-on-year and beating analyst estimates by 0.8%. The global insurance provider's non-GAAP earnings of $7.52 per share exceeded consensus by 11%. The company's operating margin expanded to 24.6% from 21.3% in the prior-year quarter, driven by low catastrophe losses, favourable reserve development and strong performance in its agriculture division. Property and casualty, life insurance and record investment income all contributed to quarterly operating income of nearly $3 billion. CEO Evan Greenberg expressed confidence in generating double-digit EPS growth through investments in digital transformation and targeted international expansion, particularly in Asia and Latin America. However, management cautioned that catastrophe losses and foreign exchange volatility could present challenges ahead.