Mizuho cuts target for Chubb stock to USD 347.00

Published on 10/06/2026 at 13:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Core operating income rose 14.60 percent to USD 2.84 billion in the second quarter of 2026. Chubb stock costs EUR 294.75 on October 6, 2026 versus EUR 295.45.

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Chubb (CH0044328745) was trading at EUR 294.75 at Lang & Schwarz on October 6, 2026 at 1:04 p.m. CEST, down 0.24 percent from the EUR 295.45 prior close. According to Yahoo Finance on September 16, 2026, Mizuho maintained a Neutral rating and lowered its target from USD 352.00 to USD 347.00.

Second-quarter earnings remain solid

According to Trivano, Chubb reported USD 2.85 billion of net income for the second quarter of 2026, compared with USD 2.97 billion in the second quarter of 2025. Core operating income rose 14.60 percent year over year to USD 2.84 billion, while core operating income per share increased 18.20 percent to USD 7.26.

The comparison is important because the GAAP net income decline contrasts with stronger underlying operating earnings. Chubb also generated USD 3.73 billion in operating cash flow during the second quarter of 2026, giving the insurer room to return USD 1.37 billion through repurchases and dividends.

Underwriting quality is the key metric

Property and casualty underwriting income reached USD 1.94 billion in the second quarter of 2026, up 18.80 percent from USD 1.63 billion a year earlier. The P&C combined ratio improved to 83.80 percent from 85.60 percent, and the current accident year ratio excluding catastrophe losses was 82.20 percent.

That operating profile helps explain why the target reduction is not a broad earnings downgrade. Chubb's second-quarter net premiums written rose to USD 14.71 billion from USD 14.20 billion, while life insurance net premiums written increased 7.50 percent to USD 1.94 billion. The main counter-factor is catastrophe exposure: pre-tax net catastrophe losses were USD 475 million in the second quarter of 2026, down from USD 630 million a year earlier.

Target cut meets a lower euro quote

Mizuho's USD 347.00 target remains above its earlier USD 352.00 level, while the Lang & Schwarz euro quote is below the prior close. The primary listing is on the NYSE in USD, and the stock's USD 265.30 to USD 365.91 52-week range and USD 127.5 billion market capitalization were shown as of October 5, 2026.

Chubb is scheduled to hold its third-quarter earnings conference call on October 21, 2026, according to Chubb. The next report will test whether underwriting gains and operating income continue to offset softer property pricing.

Chubb stock stays below the prior close

Chubb was trading at EUR 294.75 at Lang & Schwarz on October 6, 2026 at 1:04 p.m. CEST, minus 0.24 percent versus the EUR 295.45 prior close. The primary exchange is the NYSE, where the stock is quoted in USD. The further course of trading is shown by the continuously updated real-time quote of Chubb stock.