11 Undervalued Dividend Aristocrats to Buy Now

3. Chubb Limited (NYSE:CB)

Forward P/E Ratio as of May 7: 13.28

Chubb Limited (NYSE:CB) is an insurance company that specializes in property and casualty, life insurance, and reinsurance. The company stands out due to its disciplined approach to underwriting and robust cash flows. For the past 20 years, the company has demonstrated exceptional underwriting skills, a critical factor in the highly competitive insurance sector. By effectively balancing risk and pricing policies, Chubb has consistently outperformed its competitors, resulting in steady positive cash flow.

In the first quarter of 2025, Chubb Limited (NYSE:CB)’s property and casualty net premiums written reached $10.93 billion, marking a 3.2% increase, or 5.0% growth when adjusted for currency fluctuations. In North America, premiums rose by 3.4%, though growth was affected by two non-recurring factors: reinstatement premiums tied to California wildfire claims in personal insurance, and unusually large structured deals written in commercial insurance the previous year. When excluding these items, North America saw a 6.4% increase overall, with personal insurance growing by 10.1% and commercial insurance rising by 5.3%. Within these segments, P&C lines increased by 6.4%, while financial lines declined by 1.3%.

Chubb Limited (NYSE:CB) generated an adjusted operating cash flow of $2 billion. Remaining committed to returning value to shareholders, the company distributed $366 million in dividends during the quarter. Currently, it offers a quarterly dividend of $0.91 per share for a dividend yield of 1.26%, as of May 7. The company has been rewarding shareholders with growing dividends for the past 31 consecutive years.