Chubb Limited (CB)财务
NYSE · Financial Services · Insurance - Property & Casualty · 员工45,000人 · CEO Evan G. Greenberg
- 股价
- $364.12 +0.51%
- 市值
- $1390亿
- 企业价值
- $1550亿
- 最近财报
- Q3 '26 2026-10-28提交
- 下次财报
- 2027-02-02
营收(TTM)$621亿+5.8% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)17.1%-4.0 百分点 对比去年同期营业利润 $106亿
净利润(TTM)$111亿+15.2% 对比去年同期税后,含营业外收益
自由现金流(TTM)$185亿+38.9% 对比去年同期资本支出 $0
稀释EPS(TTM)$28.71+19.8% 对比去年同期最近4个季度之和
净现金$1260亿+416.7% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $1390亿 EV $1550亿
- 营收
- $621亿 过去12个月
- 营收增速
- -4% FY2026年一致预期
- 净利润率
- 18.0% 净利润 / 营收,TTM
- P/E
- 12.6× 预期 12.5×(FY2026)
- P/S
- 2.2× 股价 / 营收,TTM
- EV / EBITDA
- 13.3× TTM
- 自由现金流
- $185亿 过去12个月
- 净利润
- $111亿 过去12个月
- 营收预期
- $573亿 FY2026年一致预期
- 盈利
- 2027-02-02
- 股息
- $3.98 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 营收增长放缓:同比-0.0%Q3 '26营收$162亿,此前四个季度的平均值为7.9%。
- 营业利润率17.1%(TTM),较去年同期-4.0 百分点营收增长5.8%,营业利润增长-14.1%。
- 资本支出占营收的0.0%(去年为0.0%)最近4个季度投入$0(同比–)。自由现金流$185亿,相当于净利润的166.0%。
- 股东回报$55.9亿 = 自由现金流的30.2%回购$44.5亿(去年为$29.7亿),股息$11.4亿,股权激励$2.52亿(TTM)。
- 稀释股数一年内减少3.4%Q3 '26稀释股数3.89亿,一年前为4.03亿。
- 净现金 $1260亿现金 + 短期投资 $1450亿,含租赁债务 $191亿;一年前净现金 $243亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $162亿 | $162亿 | 0.0% |
| 毛利率 | 44.4% | 32.5% | +11.9 百分点 |
| 营业利润 | $32.4亿 | $38.9亿 | -16.7% |
| 营业利润率 | 20.0% | 24.0% | -4.0 百分点 |
| 净利润 | $27.4亿 | $28亿 | -2.3% |
| 稀释EPS | $7.30 | $6.99 | +4.4% |
| 经营现金流 | $60.7亿 | $36.4亿 | +66.8% |
| 资本支出 | $0 | $0 | – |
| 自由现金流 | $60.7亿 | $36.4亿 | +66.8% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $2.52亿 | $0 | – |
营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Segment Life | $80.4亿 | +11.7% | 100.0% | $232亿 | +10.0% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $185亿
- 资本支出
- $0
- 股票回购
- -$44.5亿
- 股息
- -$11.4亿
- 收购
- -$2500万
- 债务净发行
- $8.96亿
- 股权激励费用
- $2.52亿
- 自由现金流
- $185亿
- 股东回报 / FCF
- 30.2%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 12.6× | 12.4× | 10.0× – 17.6× |
| EV / EBITDA | 13.3× | 10.7× | 9.4× – 14.4× |
| EV / 营收 | 2.5× | 2.3× | 2.1× – 2.5× |
| 股价 / FCF | 7.5× | 7.7× | 7.0× – 8.5× |
| 股价 / 净资产 | 1.9× | 1.7× | 1.4× – 1.8× |
| FCF收益率 | 13.3% | 13.0% | 11.7% – 14.3% |
| 投入资本回报率 | 5.5% | 518.3% | 8.0% – 1,104.4% |
| 净资产收益率 | 15.1% | 13.7% | 10.4% – 15.2% |
分析师
一致目标价 $355.91 (-2.3%)
区间 $301.00 – $387.00 · 评级 Buy
强烈买入1
买入22
持有19
卖出2
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $573亿 | -4.2% | $29.21 | +13.5% | 12.5× | 16 |
| FY2027 | $598亿 | +4.3% | $29.59 | +1.3% | 12.3× | 17 |
| FY2028 | $627亿 | +4.9% | $32.15 | +8.7% | 11.3× | 9 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Chubb Limited在近期10-Q / 10-K文件中标记的全部349项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| (Increase) Decrease in Unearned Premiums, Net | -$2.19亿 | -$5.07亿 | +56.8% | -$18.3亿 | -$16.2亿 | -12.7% |
| Accounts Payable and Accrued Liabilities | $108亿 | $95.8亿 | +12.9% | $101亿 | $102亿 | -0.8% |
| Accretion (Amortization) of Discounts and Premiums, Investments | $1.07亿 | $1.07亿 | 0.0% | $4.09亿 | $3.67亿 | +11.4% |
| Accrued Investment Income Receivable | $15.6亿 | $14.3亿 | +9.3% | $13.1亿 | $11.6亿 | +12.5% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$94.8亿 | -$48.9亿 | -93.8% | -$49.8亿 | -$86.4亿 | +42.4% |
| Additional Paid in Capital, Common Stock | $124亿 | $135亿 | -8.1% | $133亿 | $144亿 | -7.9% |
| Additions to Contract Holders Funds | $4.28亿 | $2.32亿 | +84.5% | $8.53亿 | $10.2亿 | -16.7% |
| Alternative Investment | $175亿 | $167亿 | +4.7% | $172亿 | $148亿 | +16.7% |
| Amortization of Debt Issuance Costs and Discounts | – | – | – | $800万 | $1600万 | -50.0% |
| Amortization of Intangible Assets | $7400万 | $7500万 | -1.3% | $3.01亿 | $3.23亿 | -6.8% |
| Amortization of Value of Business Acquired (VOBA) | – | – | – | $2.24亿 | $2.4亿 | -6.7% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 105万 | 163万 | -35.8% | 146万 | 115万 | +27.2% |
| Assets | $2840亿 | $2700亿 | +4.9% | $2720亿 | $2470亿 | +10.5% |
| Assumed Premiums Earned | – | – | – | $49.4亿 | $49.7亿 | -0.7% |
| Assumed Premiums Written | – | – | – | $51.5亿 | $51.4亿 | +0.2% |
| Benefits, Losses and Expenses | $128亿 | $123亿 | +4.4% | $464亿 | $443亿 | +4.7% |
| Business Combination, Integration Related Costs | $1100万 | $100万 | +1,000.0% | $7900万 | $3900万 | +102.6% |
| Cash Acquired from Acquisition | $0 | $0 | – | $3200万 | $0 | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $30.1亿 | $24.5亿 | +22.7% | $24.7亿 | $25.5亿 | -3.1% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $2.57亿 | $8300万 | +209.6% | -$7900万 | -$7200万 | -9.7% |
| Ceded Premiums Earned | – | – | – | $108亿 | $103亿 | +5.4% |
| Ceded Premiums Written | – | – | – | $111亿 | $105亿 | +5.4% |
| Common Stock, Dividends, Per Share, Declared | $1.02 | $0.97 | +5.2% | $3.82 | $3.59 | +6.4% |
| Common Stock, Dividends, Per Share, Declared | $0.83 | $0.78 | +6.4% | $3.18 | $3.15 | +1.0% |
| Common Stock, Par or Stated Value Per Share | $0.50 | $0.50 | 0.0% | $0.50 | $0.50 | 0.0% |
| Common Stock, Shares Authorized | 4亿 | – | – | 4.12亿 | 4.2亿 | -1.8% |
| Common Stock, Shares, Issued | 4亿 | 4.12亿 | -2.9% | 4.12亿 | 4.2亿 | -1.8% |
| Common Stock, Shares, Outstanding | 3.83亿 | 3.94亿 | -3.0% | 3.91亿 | 4.01亿 | -2.4% |
| Common Stock, Value, Issued | $2.24亿 | $2.31亿 | -3.0% | $2.31亿 | $2.35亿 | -1.7% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | -$6500万 | $3.86亿 | -116.8% | $4.72亿 | $2.21亿 | +113.6% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$7.16亿 | $39.7亿 | -118.0% | $140亿 | $74.4亿 | +88.0% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | -$7.81亿 | $43.5亿 | -117.9% | $145亿 | $76.6亿 | +88.7% |
| Current Income Tax Expense (Benefit) | – | – | – | $20.9亿 | $17.3亿 | +20.6% |
| Current Year Claims and Claims Adjustment Expense | $80.6亿 | $73.8亿 | +9.2% | $278亿 | $270亿 | +3.0% |
| Debt Securities, Available-for-sale | $1260亿 | $1220亿 | +3.3% | $1230亿 | $1100亿 | +11.2% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $4.01亿 | $20.4亿 | -80.4% | $19.5亿 | $11.2亿 | +74.6% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $86.9亿 | $39.3亿 | +121.1% | $39.5亿 | $57.7亿 | -31.6% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss | $5300万 | $5000万 | +6.0% | $5200万 | $7000万 | -25.7% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Period Increase (Decrease) | $2100万 | $2500万 | -16.0% | $9700万 | $1.18亿 | -17.8% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Recovery | -$1600万 | -$4500万 | +64.4% | -$1.13亿 | -$1.98亿 | +42.9% |
| Debt Securities, Available-for-sale, Allowance for Credit Loss, Writeoff | $0 | -$100万 | +100.0% | -$200万 | -$600万 | +66.7% |
| Debt Securities, Available-for-sale, Amortized Cost | $1340亿 | $1240亿 | +8.4% | $1250亿 | $1150亿 | +8.4% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $265亿 | $348亿 | -23.9% | $324亿 | $398亿 | -18.6% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $43.8亿 | $30.5亿 | +43.5% | $29亿 | $42.3亿 | -31.5% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $756亿 | $93.7亿 | +706.7% | $126亿 | $280亿 | -55.0% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $32.5亿 | $1.66亿 | +1,858.4% | $2.37亿 | $5.18亿 | -54.2% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | $210亿 | $196亿 | +6.8% | $201亿 | $183亿 | +10.0% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $328亿 | $305亿 | +7.5% | $315亿 | $269亿 | +17.1% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $352亿 | $363亿 | -2.9% | $356亿 | $334亿 | +6.5% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $39.9亿 | $52.1亿 | -23.4% | $47.5亿 | $45.1亿 | +5.4% |
| Debt Securities, Available-for-sale, Gain (Loss) | -$1.45亿 | $4600万 | -415.2% | – | – | – |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Amortized Cost | $920亿2025-12-31 | $831亿 | +10.6% | $920亿 | $831亿 | +10.6% |
| Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, Fair Value | $930亿 | $916亿 | +1.5% | $920亿 | $831亿 | +10.6% |
| Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | $328亿 | $302亿 | +8.8% | $307亿 | $272亿 | +12.8% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $1020亿 | $442亿 | +131.1% | $449亿 | $677亿 | -33.6% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $76.3亿 | $32.1亿 | +137.3% | $31.4亿 | $47.5亿 | -34.0% |
| Deferred Income Tax Assets, Net | $14.6亿 | $14.1亿 | +3.0% | $13.1亿 | $16亿 | -18.2% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $3.37亿 | $8600万 | +291.9% |
| Deferred Income Tax Liabilities, Net | $18.5亿 | $17.3亿 | +6.9% | $17.4亿 | $15.8亿 | +9.9% |
| Deferred Policy Acquisition Cost | $114亿 | $98.1亿 | +16.4% | $100亿 | $83.6亿 | +19.7% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01