Chubb Holds Strong in Second Quarter
Chubb’s second quarter provides further evidence that the relatively newly formed entity will retain its position as one of the strongest P&C insurance franchises in the world. Overall underwriting results remained strong with the combined ratio for the quarter coming in at 88.0% compared with a pro forma level of 90.2% last year. This led to an annualized ROE of 19%, a level that firmly supports our narrow moat rating. We will maintain our $134 fair value estimate....
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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