Chubb Limited (CB): A Defensive Insurance Play With Dividend Strength

Chubb Limited (NYSE:CB) is included among the 10 Cash-Rich Dividend Stocks to Buy Right Now.

Chubb Limited (NYSE:CB) is a property and casualty insurer focused on high-end customers, specializing in insuring valuable homes and other businesses. While most insurers rely on generic policies and try to contain costs on claims, Chubb does not operate that way.

Chubb Limited (NYSE:CB) insures high-value homes under Masterpiece Homeowner’s insurance plans and provides flexible insurance on luxury items, as well as other features, which most companies standardize and treat as add-ons. The company does not devalue items when calculating replacement costs on claims, and they are known to make swift payments.

Chubb Limited (NYSE:CB)’s premium pricing can be attributed to the quality and trust that its service provides. This pricing power has resulted in steady profitability and combined ratios under 100. For the past 32 years, the company has provided increasing shareholder returns, and the company’s quarterly dividend is $0.97 with a 1.38% yield, as of September 27.

While we acknowledge the potential of CB as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CB and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None.