CB Chubb Limited Common Stock
About Chubb Limited Common Stock Company overview from Wikipedia
Chubb Limited is an American–Swiss company incorporated in Zürich and listed on the New York Stock Exchange (NYSE), where it is a component of the S&P 500.
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Chubb Limited is an American–Swiss company incorporated in Zürich and listed on the New York Stock Exchange (NYSE), where it is a component of the S&P 500.
Chubb is a global provider of insurance products covering property and casualty, accident and health, reinsurance, and life insurance, and is the largest publicly traded property and casualty insurance company in the world. Chubb operates in 55 countries and territories and in the Lloyd's insurance market in London. Its clients consist of multinational corporations and local businesses, individuals, and insurers seeking reinsurance coverage. Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance, and life insurance.
In 2018, the group had $174 billion in assets, $30.8 billion in gross written premiums, and approximately 31,000 employees. Its core operating insurance companies are rated "AA" (Very Strong) for financial strength by Standard & Poor's and "A++" (Superior) by A. M. Best. It has stable outlooks from both agencies. Fitch rates Chubb Limited and its subsidiaries "AA" (Very Strong) for financial strength, "AA−" for issuer default, and "A+" for senior debt. Moody's rates the U.S. companies "A1" and the unsecured loan notes "A3".
On 1 July 2015, property and casualty insurer ACE Limited (ACE) announced that it would acquire the original Chubb Corporation for $28.3 billion in cash and stock. ACE stated that Chubb's then-current headquarters in Warren, New Jersey, would retain a substantial portion of the headquarters functions for the combined company's North American division. The combined company adopted the Chubb name in January 2016 after the acquisition was completed.
History
Chubb
In 1882, Thomas Caldecot Chubb and his son Percy started a marine underwriting business in New York City. They collected $1,000 from 100 prominent merchants and focused on insuring ships and cargoes.
The Chubb Corporation was incorporated in 1967 and was listed on the New York Stock Exchange in 1984.
Beginning in 1970, the corporation owned The Chubb Institute, a chain of commercial technical schools which grew out of the company's employee training program, but the schools were sold for $1 to a partnership of private equity firms Great Hill Partners and the High-Tech Institute in 2004.
In 2007, Chubb was named the Readers' Choice winner as "Best Admitted Property/Casualty Insurance Company" by Business Insurance. In 2010 Chubb was number five on Chicago Business "Best Places to Work" list.
ACE Limited
1985–1999
ACE (American Casualty Excess) Limited was established in 1985 in response to the U.S. liability insurance crisis of the mid-1980s. It was formed with the assistance of insurance broker Marsh & McLennan and funded by a group of 34 U.S. companies seeking difficult-to-obtain Excess Liability and Directors and Officers (D&O) insurance coverage. That year, ACE and its Bermuda subsidiary, incorporated in the Cayman Islands and headquartered in Hamilton, Bermuda, wrote its first insurance policy with John Cox as its president and CEO. In 1987 the company assumed management of Corporate Officers & Directors Assurance Limited (CODA), expanding ACE Bermuda's product line.
Walter Scott became Chairman, President, and CEO of ACE in 1990 and saw the company listed on the New York Stock Exchange in 1993. Brian Duperreault succeeded Scott in 1994 as Chairman, President & CEO and worked for the next ten years as ACE went through a series of acquisitions and a diversification process that brought the ACE Group of Companies global status. One of the multiple acquisitions made during this time was the global property and casualty business of Cigna Corporation (most significantly the Insurance Company of North America, known as INA), which was purchased for $3.45 billion in 1999.
2000–2021
In 2004, Evan G. Greenberg became president and CEO of ACE Ltd. In 2004, ACE was also investigated by New York Attorney General Eliot Spitzer for participating in a bid rigging and price fixing scheme with insurance broker Marsh & McLennan.
In 2008, ACE purchased the accident and health insurance provider Combined Insurance Company of America (founded by W. Clement Stone in 1919) from Aon Corporation for $2.56 billion and the high-net-worth personal lines business of the Atlantic Companies.
Also in 2008, ACE relocated from the Cayman Islands to Zürich, Switzerland. Evan Greenberg described the move as a "natural progression" that would provide ACE with a "better strategic flexibility…and a solid legal and regulatory environment…" The re-domestication was completed in July that year.
In 2010, the ACE company ESIS Inc. was hired by BP to process claims made by the victims of the Deepwater Horizon oil spill.
In 2010, ACE Limited purchased Rain and Hail, LLC for $1.1 billion. Rain and Hail Insurance Service, headquartered in Johnston, Iowa, is an industry leader in crop insurance in the United States. ACE Limited also acquired the Hong Kong and Korea life insurance operations of New York Life.
In 2011, ACE Limited purchased agribusiness insurer Penn Millers.
In 2012, they purchased Indonesian insurer Asuransi Jaya Proteksi.
In 2013, they purchased Mexican Surety Lines Company Fianzas Monterrey and Mexican Personal Lines Insurer ABA Seguros.
In April 2014, ACE Limited acquired a majority stake in Siam Commercial Samaggi Insurance PCL from Siam Commercial Bank. Following a subsequent tender offer in June 2014, ACE and its local partner owned 93.03% of the Samaggi.
In October 2014, ACE Limited acquired the large commercial property and casualty business of Itaú Unibanco Holding SA. The transaction made ACE the largest property and casualty insurer in Brazil.
In April 2015, ACE Limited acquired the Fireman's Fund high net-worth personal lines insurance business in the U.S. from Allianz for $365 million. ACE Private Risk Services is one of the largest high net worth insurers in the U.S.
On 1 September 2020, Chubb announced the introduction of the latest update of its Enterprise Guard Plus product for the emerging needs of Hong Kong business insurance.
In February 2021, Chubb Limited and the World Health Organization announced the roll out of a no-fault compensation scheme for COVID-19 vaccinations for low and middle-income countries.
In May 2024, Chubb completed the acquisition of Healthy Paws, a U.S.-based managing general agent (MGA) specializing in pet insurance, from Aon plc. Chubb had underwritten the Healthy Paws pet insurance program since 2013.
ACE acquires Chubb
On 1 July 2015, ACE announced that it would acquire Chubb Corporation for $28.3 billion in cash and ACE stock. Upon completion, ACE shareholders held 70% while Chubb shareholders got 30% of the new combined company. The new company was to be based in Zürich, where ACE Limited's headquarters were. Evan Greenberg of ACE became the Chairman and CEO of the new company, while Chubb Chairman and CEO John Finnegan became Executive Vice Chairman for North America External Affairs. The company's board was expanded to 18, with 4 of them coming from Chubb. The new combined company then decided to adopt the Chubb name. The deal received ACE and Chubb shareholder approval and all required regulatory approval, and closed on 14 January 2016.
Controversies
2004 Eliot Spitzer investigation
In 2004 New York Attorney General Eliot Spitzer conducted an investigation in the insurance industry. ACE, American International Group (AIG), Marsh & McLennan, and other large insurers and brokerages were named in Spitzer's investigation for possibly participating in questionable insurance practices including the payment of contingent commissions, bid-rigging, price-fixing, and improper accounting.
Spitzer asserted that contingent commissions contributed to a widespread practice of "bid-rigging" where brokers solicited fake bids with deliberately less favorable terms for the consumer than the bid offered by the insurance company paying the highest commissions.
As part of an $80 million settlement that abated further inquiry, ACE signed an Assurance of Discontinuance in which they acknowledged their prior conduct and agreed to alter their business practices. Evan Greenberg himself admitted no fault in Spitzer's allegations although a junior executive did plead guilty to criminal charges.
Spitzer's insurance industry probe additionally looked in early 2005 into ACE Ltd's subsidiary ACE Tempest Re's reporting to the SEC of a series of reinsurance transactions, together with the SEC reporting of a further 16 unaffiliated re-insurers. Evan Greenberg said that his company's investigation should be completed within a month. According to Greenberg, contracts appeared "generally structured in a way to provide for appropriate risk transfer and accounted for properly."
The Spitzer investigations also triggered civil litigation by policyholders who claim they were victimized by the bid rigging and commission schemes.
Securing bond for Donald Trump defamation appeal
On 8 March 2024, Federal Insurance Company, part of The Chubb Corporation, posted a $91.63 million bond for Donald Trump in the E. Jean Carroll v. Donald J. Trump case. Despite an estimated net worth of over $2 billion, Trump needed a cash bond posted by Chubb in order to secure his appeal. While President, Trump appointed Chubb CEO Evan G. Greenberg to the White House advisory committee for trade policy and negotiations. When Chubb announced the securing of the bond, they claimed that this would be the only bond secured as Trump has another $454 million bond pending for his New York civil fraud case. On 18 March 2024, Trump's lawyers notified the Appellate Division of Manhattan Supreme Court that he was unable to secure a bond for the civil fraud case, seeming to confirm Chubb's position on not underwriting additional bonds for Trump.
On 13 March 2024, CEO Evan Greenberg issued a letter to investors, customers, and brokers defending the move. Despite having deep personal connections to Trump, Greenberg claimed "we frankly left our own personal feelings aside" when deciding to issue the bond.
Reversal on coal pledge
In 2019, Chubb pledged not to insure energy companies that rely more than 30% on coal power. By 2025, Chubb had broken its pledge, as it insured a coal-fired power station.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
CB Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 12, 2026 | $1.0200 |
| March 13, 2026 | $0.9700 |
| June 13, 2025 | $0.9700 |
| March 14, 2025 | $0.9100 |
| Dec. 13, 2024 | $0.9100 |
| Sept. 13, 2024 | $0.9100 |
| June 14, 2024 | $0.9100 |
| March 14, 2024 | $0.8600 |
| Dec. 14, 2023 | $0.8600 |
| Sept. 14, 2023 | $0.8600 |
| June 15, 2023 | $0.8600 |
| March 16, 2023 | $0.8300 |
| Dec. 15, 2022 | $0.8300 |
| Sept. 15, 2022 | $0.8300 |
| June 16, 2022 | $0.8300 |
| March 17, 2022 | $0.8000 |
| Dec. 16, 2021 | $0.8000 |
| Sept. 16, 2021 | $0.8000 |
| June 17, 2021 | $0.8000 |
| March 18, 2021 | $0.7800 |
CB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 8 22.9%
- Buy 10 28.6%
- Hold 15 42.9%
- Sell 1 2.9%
- Strong Sell 1 2.9%
12-Month Price Target
23 analysts · 2026-08-22Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $7.26 | $6.95 | 0.31% |
| March 31, 2026 | $6.82 | $6.80 | 0.02% |
| Dec. 31, 2025 | $7.52 | $6.98 | 0.54% |
| Sept. 30, 2025 | $7.49 | $6.33 | 1.2% |
| June 30, 2025 | $6.14 | $6.15 | -0.01% |
| March 31, 2025 | $3.68 | $3.28 | 0.40% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $59.40B | $55.75B | $49.73B | $43.10B | $40.87B | $35.99B | $34.19B | $32.72B | $32.24B | $31.47B | $18.99B | $19.17B | |
| SG&A Expense | $4.50B | $4.38B | $4.01B | $3.40B | $3.13B | $2.98B | $3.03B | $2.89B | $2.83B | $3.08B | $2.27B | $2.25B | |
| Interest Expense | $764M | $741M | $672M | $570M | $492M | $516M | $552M | $641M | $607M | $605M | $300M | $280M | |
| Other Non-op | $1.30B | $1.02B | $836M | $-89M | $2.37B | $994M | $596M | $434M | $400M | $222M | $51M | $190M | |
| Pretax Income | $13.04B | $11.46B | $9.53B | $6.49B | $9.79B | $4.16B | $5.25B | $4.66B | $3.72B | $4.95B | $3.30B | $3.49B | |
| Income Tax | $2.42B | $1.81B | $511M | $1.24B | $1.27B | $629M | $795M | $695M | $-139M | $815M | $462M | $634M | |
| Net Income | $10.31B | $9.27B | $9.03B | $5.25B | $8.53B | $3.53B | $4.45B | $3.96B | $3.86B | $4.13B | $2.83B | $2.85B | |
| EPS (Basic) | $25.93 | $22.94 | $21.97 | $12.50 | $19.38 | $7.82 | $9.77 | $8.55 | $8.26 | $8.94 | $8.71 | $8.50 | |
| EPS (Diluted) | $25.68 | $22.70 | $21.80 | $12.39 | $19.24 | $7.79 | $9.71 | $8.49 | $8.19 | $8.87 | $8.62 | $8.42 | |
| Shares (Basic) | 397,611,884 | 404,189,749 | 410,845,263 | 419,779,847 | 439,968,422 | 451,602,820 | 455,910,463 | 463,629,203 | 467,145,716 | 462,519,789 | 325,589,361 | 335,609,899 | |
| Shares (Diluted) | 401,513,338 | 408,486,435 | 414,202,568 | 423,527,444 | 443,197,278 | 453,441,512 | 458,914,663 | 466,802,348 | 471,196,901 | 465,949,399 | 328,835,378 | 338,986,287 |
Balance Sheet 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | $2.01B | $1.66B | $1.75B | $1.54B | $1.25B | $728M | $985M | $1.77B | $655M | |
| Short-term Investments | · | · | · | · | · | · | · | $3.02B | $3.56B | $3.00B | $10.45B | · | |
| PP&E (Net) | $3.50B | $3.10B | $2.90B | $2.40B | $2.00B | $2.00B | $1.90B | $1.70B | $1.30B | $1.20B | $938M | · | |
| Goodwill | $20.21B | $19.58B | $19.69B | $16.23B | $15.21B | $15.40B | $15.30B | $15.27B | $15.54B | $15.33B | $4.80B | $4.90B | |
| Intangibles | $6.24B | $6.38B | $6.78B | $5.44B | $5.46B | $5.81B | $6.06B | $6.14B | $6.51B | $6.76B | $887M | $717M | |
| Total Assets | $272.33B | $246.55B | $230.68B | $199.02B | $200.05B | $190.77B | $176.94B | $167.77B | $167.02B | $159.79B | $102.31B | $98.25B | |
| Short-term Debt | $1.50B | $800M | $1.46B | $475M | $999M | $0 | $1.30B | $509M | $1.01B | $500M | $0 | $1.15B | |
| Deferred Tax | $1.74B | $1.58B | $1.55B | $377M | $389M | $892M | $804M | $304M | $699M | $988M | $0 | · | |
| Total Liabilities | $192.55B | $178.15B | $166.99B | $148.50B | $140.34B | $131.33B | $121.61B | $117.46B | $115.85B | $111.51B | $73.17B | $68.66B | |
| Long-term Debt | $15.73B | $14.38B | $13.04B | $14.40B | $15.17B | $14.95B | $13.56B | $12.09B | $11.56B | $12.61B | $9.39B | $3.36B | |
| Total Debt | $1.50B | $800M | $1.46B | $475M | $999M | $0 | $1.30B | $509M | $1.01B | $500M | · | $2.55B | |
| Common Stock | $231M | $235M | $241M | $10.35B | $10.98B | $11.06B | $11.12B | $11.12B | $11.12B | $11.12B | $7.83B | $8.05B | |
| Paid-in Capital | · | · | · | · | · | · | · | · | · | $15.34B | $4.48B | $5.14B | |
| Retained Earnings | $69.95B | $61.56B | $54.81B | $48.30B | $47.37B | $39.34B | $36.14B | $31.70B | $27.47B | $23.61B | $19.48B | $16.64B | |
| Treasury Stock | $4.70B | $3.52B | $4.40B | $5.11B | $7.46B | $3.64B | $3.75B | $2.62B | $1.94B | $1.48B | $1.92B | $1.45B | |
| AOCI | $-4.97B | $-8.64B | $-6.81B | $-10.19B | $350M | $2.87B | $619M | $-2.45B | $543M | $-314M | $-735M | $1.19B | |
| Stockholders' Equity | $73.76B | $64.02B | $59.51B | $50.52B | $58.33B | $59.44B | $55.33B | $50.31B | $51.17B | $48.27B | $29.14B | $29.59B | |
| Liabilities + Equity | $272.33B | $246.55B | $230.68B | $199.02B | $200.05B | $190.77B | $176.94B | $167.77B | $167.02B | $159.79B | $102.31B | $98.25B | |
| Shares Outstanding | 391,101,227 | 400,703,663 | 405,269,637 | 414,594,856 | 426,572,612 | 450,732,625 | 451,971,567 | 459,203,378 | 463,833,179 | 465,968,716 | 324,563,441 | 328,659,686 |
Cash Flow 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Tax | $337M | $86M | $-1.08B | $158M | $-90M | $-299M | $-113M | $43M | $-498M | $-9M | $158M | $153M | |
| Amort. of Intangibles | $301M | $323M | $310M | $285M | $287M | $290M | $305M | $339M | $260M | $19M | $171M | $108M | |
| Operating Cash Flow | $12.82B | $16.18B | $12.63B | $11.26B | $11.15B | $9.79B | $6.34B | $5.48B | $4.50B | $5.29B | $3.86B | $4.50B | |
| Investing Cash Flow | $-11.26B | $-13.92B | $-7.65B | $-5.65B | $-6.66B | $-7.52B | $-5.91B | $-2.94B | $-2.42B | · | $-6.29B | $-2.50B | |
| Debt Issued | $2.42B | $2.41B | $0 | $0 | $1.58B | $988M | $2.83B | $2.17B | $0 | · | $6.09B | $699M | |
| Net Debt Issued | $1.62B | $971M | $-475M | $-1.00B | $1.58B | $-313M | $2.32B | $170M | $-501M | · | $4.94B | $198M | |
| Stock Repurchased | $3.69B | $1.80B | $2.41B | $2.89B | $4.86B | $523M | $1.53B | $1.04B | $801M | · | $758M | $1.43B | |
| Net Stock Activity | $-3.69B | $-1.80B | $-2.41B | $-2.89B | $-4.86B | $-523M | $-1.53B | $-1.04B | $-801M | · | $-758M | $-1.43B | |
| Dividends Paid | $1.50B | $1.44B | $1.39B | $1.38B | $1.40B | $1.39B | $1.35B | $1.34B | $1.31B | $1.17B | $862M | $862M | |
| Financing Cash Flow | $-1.85B | $-2.18B | $-4.49B | $-5.14B | $-4.41B | $-2.08B | $-151M | $-1.99B | $-2.32B | · | $3.69B | $-1.78B | |
| Net Change in Cash | $-79M | $-72M | $494M | $316M | $-25M | $190M | $306M | $489M | $-237M | $-797M | $1.12B | $76M | |
| Taxes Paid | $2.21B | $1.66B | $1.47B | $1.24B | $1.30B | $902M | $912M | $503M | $736M | $662M | $469M | $349M |
Profitability 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 17.4% | 16.6% | 18.1% | 12.3% | 20.8% | 9.8% | 13.0% | 12.1% | 12.0% | 13.1% | 14.9% | 14.9% | |
| Pretax Margin | 22.0% | 20.5% | 19.1% | 15.2% | 24.0% | 11.6% | 15.3% | 14.2% | 11.5% | 15.7% | · | · | |
| ROA | 4.0% | 3.9% | 4.2% | 2.7% | 4.4% | 1.9% | 2.6% | 2.4% | 2.4% | 3.2% | 2.8% | 3.0% | |
| ROE | 15.0% | 15.0% | 16.1% | 10.8% | 14.3% | 6.1% | 8.1% | 7.8% | 7.6% | 8.6% | 9.7% | 9.6% |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | 0.1 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 6.5% | 12.1% | 15.4% | 5.5% | 13.5% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 11.3% | 10.9% | 11.4% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 10.5% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 13.1% | 4.1% | 75.9% | -35.6% | 147.0% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 27.5% | 5.7% | 40.9% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 26.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 11.2% | 2.7% | 72.1% | -38.5% | 141.3% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 25.3% | 2.8% | 36.7% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 23.9% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 1.6% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $59.40B | $55.75B | $49.73B | $43.10B | $40.87B | $35.99B | $34.19B | $32.72B | $32.24B | $31.47B | $18.99B | $19.17B | |
| Net Income TTM | $10.31B | $9.27B | $9.03B | $5.25B | $8.53B | $3.53B | $4.45B | $3.96B | $3.86B | $4.13B | $2.83B | $2.85B | |
| Market Cap | $122.07B | $110.71B | $91.59B | $91.46B | $82.46B | $69.38B | $70.35B | $59.32B | $67.78B | $61.56B | $37.93B | $37.76B | |
| Enterprise Value | · | · | · | $89.92B | $81.80B | $67.63B | $70.12B | $58.58B | $68.06B | $61.08B | · | $39.65B | |
| P/E | 12.2 | 12.2 | 10.4 | 17.8 | 10.0 | 19.8 | 16.0 | 15.2 | 17.8 | 14.9 | 13.6 | 13.6 | |
| P/S | 2.1 | 2.0 | 1.8 | 2.1 | 2.0 | 1.9 | 2.1 | 1.8 | 2.1 | 2.0 | 2.0 | 2.0 | |
| P/B | 1.7 | 1.7 | 1.5 | 1.8 | 1.4 | 1.2 | 1.3 | 1.2 | 1.3 | 1.3 | 1.3 | 1.3 | |
| P / Tangible Book | 2.6 | 2.9 | 2.8 | 3.2 | 2.2 | 1.8 | · | · | · | · | · | · | |
| P / Cash Flow | 9.5 | 6.8 | 7.3 | 8.1 | 7.4 | 7.1 | 11.1 | 10.8 | 15.1 | 11.6 | 9.8 | 8.4 | |
| EV / Revenue | · | · | · | 2.1 | 2.0 | 1.9 | 2.1 | 1.8 | 2.1 | 1.9 | · | 2.1 | |
| Dividend Yield | 1.2% | 1.3% | 1.5% | 1.5% | 1.7% | 2.0% | 1.9% | 2.2% | 1.9% | 1.9% | 2.3% | 2.3% | |
| Earnings Yield | 8.2% | 8.2% | 9.7% | 5.6% | 10.0% | 5.1% | 6.2% | 6.6% | 5.6% | 6.7% | 7.4% | 7.3% | |
| Payout Ratio | 14.6% | 15.5% | 15.4% | 25.9% | 16.4% | 39.3% | 30.4% | 33.8% | 33.9% | 28.4% | 30.4% | 30.2% | |
| Annual Payout | $1.50B | $1.44B | $1.39B | $1.38B | $1.40B | $1.39B | $1.35B | $1.34B | $1.31B | $1.17B | $862M | $862M |
Income Statement 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.82B | $14.77B | $15.06B | $16.15B | $14.84B | $13.35B | $14.18B | $14.85B | $13.84B | $12.89B | $12.99B | $13.85B | $11.83B | $11.06B | $11.44B | $12.12B | |
| SG&A Expense | $1.17B | $1.15B | $1.16B | $1.14B | $1.12B | $1.08B | $1.12B | $1.09B | $1.09B | $1.07B | $1.05B | $1.06B | $969M | $930M | $916M | $883M | |
| Interest Expense | $200M | $198M | $205M | $197M | $181M | $181M | $189M | $192M | $182M | $178M | $173M | $174M | $165M | $160M | $154M | $150M | |
| Other Non-op | $196M | $161M | $516M | $43M | $655M | $83M | $397M | $325M | $110M | $191M | $286M | $154M | $100M | $296M | $-98M | $-202M | |
| Pretax Income | $3.62B | $2.99B | $3.77B | $3.89B | $3.72B | $1.66B | $3.12B | $2.99B | $2.71B | $2.64B | $2.61B | $2.45B | $2.19B | $2.28B | $1.64B | $1.05B | |
| Income Tax | $742M | $646M | $597M | $787M | $717M | $321M | $479M | $504M | $490M | $342M | $-678M | $413M | $392M | $384M | $332M | $263M | |
| Net Income | $2.85B | $2.32B | $3.21B | $2.80B | $2.97B | $1.33B | $2.58B | $2.32B | $2.23B | $2.14B | $3.30B | $2.04B | $1.79B | $1.89B | $1.31B | $792M | |
| EPS (Basic) | $7.37 | $5.94 | $8.14 | $7.05 | $7.42 | $3.32 | $6.40 | $5.75 | $5.51 | $5.28 | $8.06 | $4.99 | $4.35 | $4.57 | $3.19 | $1.90 | |
| EPS (Diluted) | $7.30 | $5.88 | $8.05 | $6.99 | $7.35 | $3.29 | $6.31 | $5.70 | $5.46 | $5.23 | $8.00 | $4.95 | $4.32 | $4.53 | $3.15 | $1.89 | |
| Shares (Basic) | 387,413,573 | 390,485,934 | -800,292,963 | 397,336,568 | 399,886,323 | 400,681,956 | -809,920,122 | 403,831,412 | 404,615,765 | 405,662,694 | -825,436,741 | 409,505,454 | 412,487,400 | 414,289,150 | -844,192,019 | 416,542,101 | |
| Shares (Diluted) | 391,250,616 | 394,599,504 | -807,876,934 | 400,868,891 | 403,847,030 | 404,674,351 | -817,738,594 | 407,878,727 | 408,606,667 | 409,739,635 | -831,903,459 | 412,605,959 | 415,571,876 | 417,928,192 | -851,300,692 | 419,618,956 |
Balance Sheet 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | · | · | · | · | · | · | · | · | · | · | $2.29B | $2.29B | · | $2.13B | |
| PP&E (Net) | · | · | $3.50B | · | · | · | $3.10B | · | · | · | · | · | · | · | · | · | |
| Goodwill | $20.34B | $20.37B | $20.21B | $20.24B | $20.18B | $19.72B | $19.58B | $19.99B | $19.83B | $19.70B | $19.69B | $19.55B | $16.32B | $16.18B | $16.23B | $16.11B | |
| Intangibles | $6.14B | $6.22B | $6.24B | $6.32B | $6.39B | $6.36B | $6.38B | $6.59B | $6.62B | $6.71B | · | $6.84B | $5.32B | $5.36B | · | $5.38B | |
| Total Assets | $281.32B | $275.46B | $272.33B | $270.21B | $261.56B | $251.75B | $246.55B | $250.56B | $238.55B | $234.87B | · | $222.75B | $205.45B | $201.41B | · | $198.11B | |
| Short-term Debt | $663M | $1.50B | $1.50B | $1.50B | $1.50B | $0 | $800M | $1.57B | $1.55B | $2.27B | · | $700M | $699M | $0 | · | $1.48B | |
| Deferred Tax | $1.87B | $1.76B | $1.74B | $1.73B | $1.69B | $1.61B | $1.58B | $1.65B | $1.57B | $1.54B | · | $759M | $533M | $541M | · | $2M | |
| Total Liabilities | $200.48B | $195.54B | $192.55B | $192.40B | $187.12B | $181.00B | $178.15B | $180.44B | $173.98B | $170.44B | · | $165.24B | $152.57B | $148.43B | · | $150.47B | |
| Long-term Debt | $17.45B | $15.97B | $15.73B | $15.73B | $13.48B | $14.51B | $14.38B | $14.56B | $13.18B | $13.25B | · | $13.74B | $13.78B | $14.38B | · | $14.04B | |
| Total Debt | $663M | $1.50B | · | $1.50B | $1.50B | $0 | · | $1.57B | $1.55B | $2.27B | · | $700M | $699M | $0 | · | $1.48B | |
| Common Stock | $224M | $224M | $231M | $231M | $231M | $231M | $235M | $235M | $235M | $241M | · | $241M | $241M | $10.35B | · | $10.35B | |
| Retained Earnings | $71.67B | $68.82B | $69.95B | $66.72B | $63.92B | $60.95B | $61.56B | $58.99B | $56.66B | $56.95B | · | $51.51B | $49.47B | $50.20B | · | $47.02B | |
| Treasury Stock | $3.29B | $2.30B | $4.70B | $3.68B | $2.46B | $1.80B | $3.52B | $2.84B | $2.48B | $4.46B | · | $3.75B | $3.17B | $5.34B | · | $4.98B | |
| AOCI | $-5.92B | $-5.91B | $-4.97B | $-4.89B | $-6.06B | $-7.63B | $-8.64B | $-5.27B | $-8.30B | $-7.39B | · | $-11.52B | $-9.82B | $-8.89B | · | $-12.18B | |
| Stockholders' Equity | $75.37B | $73.79B | $73.76B | $71.86B | $69.39B | $65.73B | $64.02B | $65.76B | $61.04B | $60.53B | · | $52.37B | $52.88B | $52.99B | $50.52B | $47.64B | |
| Liabilities + Equity | $281.32B | $275.46B | $272.33B | $270.21B | $261.56B | $251.75B | $246.55B | $250.56B | $238.55B | $234.87B | · | $222.75B | $205.45B | $201.41B | · | $198.11B | |
| Shares Outstanding | 385,634,049 | 388,495,580 | 391,101,227 | 394,324,438 | 398,660,788 | 400,748,485 | 400,703,663 | 403,033,421 | 404,073,495 | 406,033,066 | 405,269,637 | 407,984,339 | 410,691,354 | 414,158,680 | 414,594,856 | 415,020,484 |
Cash Flow 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Amort. of Intangibles | $74M | $73M | $77M | $75M | $74M | $75M | $82M | $81M | $80M | $80M | $84M | $84M | $70M | $72M | $74M | $69M | |
| Operating Cash Flow | $3.73B | $3.95B | $4.06B | $3.64B | $3.55B | $1.57B | $4.57B | $4.32B | $4.08B | $3.22B | $3.19B | $4.68B | $2.52B | $2.25B | $2.66B | $3.44B | |
| Investing Cash Flow | $-2.34B | $-2.83B | $-2.33B | $-5.30B | $-2.83B | $-798M | $-2.47B | $-5.38B | $-2.32B | $-3.75B | $-2.21B | $-3.17B | $-1.69B | $-570M | $-452M | $-6.33B | |
| Debt Issued | $2.16B | $254M | $0 | $2.17B | $249M | $0 | $111M | $1.30B | $0 | $996M | $0 | $0 | $0 | $0 | · | · | |
| Net Debt Issued | · | $254M | · | · | · | $-800M | · | · | · | $996M | · | · | · | $-475M | · | · | |
| Stock Repurchased | $1.06B | $1.17B | $1.17B | $1.09B | $746M | $691M | $450M | $295M | $652M | $404M | $563M | $581M | $722M | $545M | $111M | $656M | |
| Net Stock Activity | · | $-1.17B | · | · | · | $-691M | · | · | · | $-404M | · | · | · | $-545M | · | · | |
| Dividends Paid | $379M | $380M | $384M | $390M | $365M | $366M | $367M | $371M | $349M | $349M | $350M | $356M | $343M | $345M | $345M | $349M | |
| Financing Cash Flow | $-1.27B | $-950M | $-1.66B | $1.70B | $-762M | $-1.12B | $-2.12B | $1.12B | $-1.75B | $562M | $-1.16B | $-1.01B | $-888M | $-1.42B | $-2.41B | $-2.01B | |
| Net Change in Cash | $119M | $164M | $16M | $83M | $121M | $-299M | $-129M | $110M | $-83M | $30M | $-157M | $403M | $-7M | $255M | $-137M | $-4.97B | |
| Taxes Paid | · | · | $491M | $604M | $802M | $314M | $355M | $462M | $756M | $89M | $364M | $348M | $534M | $219M | $278M | $352M |
Profitability 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 18.1% | 15.7% | · | 17.3% | 20.0% | 10.0% | · | 15.7% | 16.1% | 16.6% | · | 14.8% | 15.2% | 17.1% | · | 6.7% | |
| Pretax Margin | 22.9% | 20.3% | · | 24.1% | 25.1% | 12.5% | · | 20.2% | 19.6% | 20.4% | · | 17.7% | 18.5% | 20.6% | · | 8.9% | |
| ROA | 1.1% | 0.88% | · | 1.1% | 1.2% | 0.55% | · | 0.98% | 1.0% | 0.98% | · | 0.97% | 0.89% | 0.95% | · | 0.41% | |
| ROE | 3.9% | 3.3% | · | 4.1% | 4.5% | 2.1% | · | 3.9% | 3.9% | 3.8% | · | 4.1% | 3.4% | 3.5% | · | 1.5% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 |
Valuation (TTM) 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $61.57B | $59.11B | · | $59.19B | $56.87B | $54.93B | · | $55.43B | $52.41B | $49.64B | · | $48.87B | $44.91B | $42.71B | · | $42.50B | |
| Net Income TTM | $10.94B | $9.42B | · | $9.42B | $8.85B | $8.03B | · | $8.74B | $8.21B | $7.87B | · | $6.52B | $5.67B | $5.83B | · | $5.77B | |
| Market Cap | $131.40B | $126.62B | · | $111.30B | $115.50B | $121.02B | · | $116.23B | $103.07B | $105.22B | · | $84.93B | $79.08B | $80.42B | · | $75.48B | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | · | $77.50B | $78.13B | · | $74.83B | |
| P/E | 12.4 | 13.9 | · | 12.1 | 13.3 | 15.3 | · | 13.5 | 12.8 | 13.6 | · | 13.3 | 14.2 | 14.1 | · | 13.6 | |
| P/S | 2.1 | 2.1 | · | 1.9 | 2.0 | 2.2 | · | 2.1 | 2.0 | 2.1 | · | 1.7 | 1.8 | 1.9 | · | 1.8 | |
| P/B | 1.7 | 1.7 | · | 1.5 | 1.7 | 1.8 | · | 1.8 | 1.7 | 1.7 | · | 1.6 | 1.5 | 1.5 | · | 1.6 | |
| P / Tangible Book | 2.7 | 2.7 | · | 2.5 | 2.7 | 3.1 | · | 3.0 | 3.0 | 3.1 | · | 3.3 | 2.5 | 2.6 | · | 2.9 | |
| P / Cash Flow | · | 32.1 | · | · | · | 77.3 | · | · | · | 32.7 | · | · | · | 35.7 | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | · | · | 1.7 | 1.8 | · | 1.8 | |
| Earnings Yield | 8.1% | 7.2% | · | 8.3% | 7.5% | 6.5% | · | 7.4% | 7.8% | 7.3% | · | 7.5% | 7.0% | 7.1% | · | 7.4% | |
| Payout Ratio | · | 16.4% | · | · | · | 27.5% | · | · | · | 16.3% | · | · | · | 18.2% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $59.40B | $55.75B | $49.73B | $43.10B | $40.87B |
| Net Income | $10.31B | $9.27B | $9.03B | $5.25B | $8.53B |
| Diluted EPS | $25.68 | $22.70 | $21.80 | $12.39 | $19.24 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
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Institutional owners (13F) 2,354 filers · $78.4B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 166 (-58 vs prior Q) | 86 (-9 vs prior Q) | 831 (+69 vs prior Q) | 788 (+4 vs prior Q) | +18.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Berkshire Hathaway Inc | $11,670,066,615 | 34,249,183 | 14.89% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $7,897,610,387 | 23,177,820 | 10.08% | Shares |
| STATE STREET CORP | $5,716,716,296 | 16,727,420 | 7.30% | Shares |
| GQG Partners LLC | $4,250,112,612 | 12,473,178 | 5.42% | Shares |
| FMR LLC | $3,387,369,474 | 9,941,215 | 4.32% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,031,393,751 | 8,896,501 | 3.87% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $2,705,207,621 | 7,952,564 | 3.45% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $1,975,782,253 | 5,798,504 | 2.52% | Shares |
| Capital World Investors | $1,902,824,301 | 5,584,363 | 2.43% | Shares |
| AMERIPRISE FINANCIAL INC | $1,633,868,723 | 4,794,005 | 2.09% | Shares |
| Capital Research Global Investors | $1,200,209,572 | 3,522,326 | 1.53% | Shares |
| NORGES BANK | $1,070,662,324 | 3,142,168 | 1.37% | Shares |
| RAYMOND JAMES FINANCIAL INC | $934,105,643 | 2,741,403 | 1.19% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $838,564,207 | 2,461,009 | 1.07% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $686,507,959 | 2,014,756 | 0.88% | Shares |
| UBS Group AG | $646,453,632 | 1,897,205 | 0.83% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $639,909,800 | 1,878,000 | 0.82% | Shares |
| BANK OF AMERICA CORP /DE/ | $503,788,860 | 1,478,514 | 0.64% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $442,788,360 | 1,299,490 | 0.57% | Shares |
| Capital International Investors | $399,796,078 | 1,173,294 | 0.51% | Shares |
| Davis Selected Advisers | $391,231,100 | 1,148,090 | 0.50% | Shares |
| National Pension Service | $391,173,268 | 1,148,011 | 0.50% | Shares |
| Swiss National Bank | $336,021,092 | 986,151 | 0.43% | Shares |
| MYCIO WEALTH PARTNERS, LLC | $335,658,204 | 985,086 | 0.43% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $315,721,445 | 926,576 | 0.40% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $308,899,210 | 906,554 | 0.39% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $306,348,771 | 899,069 | 0.39% | Shares |
| Troy Asset Management Ltd | $295,140,810 | 866,176 | 0.38% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $294,660,602 | 904,061 | 0.38% | Shares |
| BlackRock, Inc. | $289,762,570 | 850,392 | 0.37% | Shares |
| Legal & General Group Plc | $278,107,901 | 816,188 | 0.35% | Shares |
| Vanguard Global Advisers, LLC | $271,250,507 | 796,063 | 0.35% | Shares |
| Alphinity Investment Management Pty Ltd | $266,842,013 | 783,125 | 0.34% | Shares |
| LONDON CO OF VIRGINIA | $251,928,940 | 739,329 | 0.32% | Shares |
| GOLDMAN SACHS GROUP INC | $248,347,275 | 728,847 | 0.32% | Shares |
| ROYAL LONDON ASSET MANAGEMENT LTD | $240,527,685 | 705,898 | 0.31% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $232,306,310 | 681,770 | 0.30% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $230,445,528 | 674,922 | 0.29% | Shares |
| Cullen Capital Management, LLC | $229,894,839 | 674,693 | 0.29% | Shares |
| TWO SIGMA ADVISERS, LP | $229,000,259 | 733,693 | 0.29% | Shares |
| Corient Private Wealth LP | $228,553,520 | 670,755 | 0.29% | Shares |
| Polar Capital Holdings Plc | $228,426,303 | 670,383 | 0.29% | Shares |
| AMERICAN CENTURY COMPANIES INC | $225,951,606 | 663,120 | 0.29% | Shares |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | $225,183,822 | 660,867 | 0.29% | Shares |
| RHUMBLINE ADVISERS | $218,362,124 | 640,847 | 0.28% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $212,752,945 | 624,385 | 0.27% | Shares |
| California Public Employees Retirement System | $212,507,271 | 623,664 | 0.27% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $207,037,851 | 648,956 | 0.26% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $197,809,792 | 580,530 | 0.25% | Shares |
| LPL Financial LLC | $196,486,585 | 576,647 | 0.25% | Shares |
| ProShare Advisors LLC | $192,313,997 | 564,401 | 0.25% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $192,284,352 | 564,314 | 0.25% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $192,215,182 | 564,111 | 0.25% | Shares |
| DNB Asset Management AS | $189,792,861 | 557,002 | 0.24% | Shares |
| VANGUARD GROUP INC | $188,403,435 | 603,625 | 0.24% | Shares |
| Ensign Peak Advisors, Inc | $186,586,839 | 547,593 | 0.24% | Shares |
| PNC Financial Services Group, Inc. | $186,269,610 | 546,662 | 0.24% | Shares |
| JENNISON ASSOCIATES LLC | $186,012,012 | 545,906 | 0.24% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $185,957,406 | 570,544 | 0.24% | Shares |
| Fayez Sarofim & Co | $180,564,984 | 529,920 | 0.23% | Shares |
| Bank of New York Mellon Corp | $180,494,748 | 529,714 | 0.23% | Shares |
| Clark Capital Management Group, Inc. | $179,379,630 | 526,441 | 0.23% | Shares |
| Boston Partners | $176,404,160 | 517,709 | 0.23% | Shares |
| Davis Asset Management, L.P. | $168,515,011 | 494,556 | 0.22% | Shares |
| Prana Capital Management, LP | $166,987,815 | 490,074 | 0.21% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $165,020,382 | 484,300 | 0.21% | Put option |
| BARCLAYS PLC | $161,783,352 | 474,800 | 0.21% | Shares |
| Woodline Partners LP | $160,393,474 | 470,721 | 0.20% | Shares |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | $156,482,392 | 459,243 | 0.20% | Shares |
| US BANCORP \DE\ | $153,004,526 | 449,036 | 0.20% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $150,459,199 | 441,566 | 0.19% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $150,430,917 | 441,483 | 0.19% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $149,516,712 | 438,800 | 0.19% | Call option |
| Holocene Advisors, LP | $148,277,781 | 435,164 | 0.19% | Shares |
| JANE STREET GROUP, LLC | $147,063,384 | 431,600 | 0.19% | Call option |
| NEUBERGER BERMAN GROUP LLC | $145,586,911 | 427,267 | 0.19% | Shares |
| PFA Pension, Forsikringsaktieselskab | $138,106,991 | 405,315 | 0.18% | Shares |
| Cannell & Spears LLC | $137,793,176 | 404,394 | 0.18% | Shares |
| CITADEL ADVISORS LLC | $136,686,488 | 401,146 | 0.17% | Shares |
| STOREBRAND ASSET MANAGEMENT AS | $136,147,778 | 399,565 | 0.17% | Shares |
| HUNTINGTON NATIONAL BANK | $132,086,484 | 387,645 | 0.17% | Shares |
| Caisse de depot et placement du Quebec | $131,474,870 | 385,851 | 0.17% | Shares |
| ALLIANCEBERNSTEIN L.P. | $131,232,129 | 402,639 | 0.17% | Shares |
| Welch & Forbes LLC | $131,117,901 | 384,803 | 0.17% | Shares |
| VIKING GLOBAL INVESTORS LP | $128,565,291 | 377,312 | 0.16% | Shares |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $122,652,770 | 359,960 | 0.16% | Shares |
| Korea Investment CORP | $118,624,201 | 348,137 | 0.15% | Shares |
| Vest Financial, LLC | $118,585,356 | 348,023 | 0.15% | Shares |
| D.A. DAVIDSON & CO. | $115,396,623 | 338,664 | 0.15% | Shares |
| TODD ASSET MANAGEMENT LLC | $115,097,201 | 337,786 | 0.15% | Shares |
| HSBC HOLDINGS PLC | $114,824,932 | 333,551 | 0.15% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $114,338,537 | 336,303 | 0.15% | Shares |
| Quantinno Capital Management LP | $111,898,588 | 328,398 | 0.14% | Shares |
| SEB Asset Management AB | $109,738,294 | 322,059 | 0.14% | Shares |
| Robeco Institutional Asset Management B.V. | $106,950,112 | 313,876 | 0.14% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $105,817,148 | 310,551 | 0.14% | Shares |
| AVIVA PLC | $105,600,437 | 309,915 | 0.13% | Shares |
| Cerity Partners LLC | $98,873,238 | 290,173 | 0.13% | Shares |
| APG Asset Management N.V. | $98,104,986 | 329,176 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $97,620,988 | 286,497 | 0.12% | Shares |
Company insiders 57 insiders · 22 officers · 34 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Evan G Greenberg | Chairman & CEO | May 21, 2026 F | 461,791 | 0 | 2 | $-9,993,156 |
| John W Keogh | President &COO | May 28, 2026 G | 140,970 | 0 | 2 | $-7,394,762 |
| Joseph F Wayland | Executive Vice President and* | July 28, 2026 S | 33,749 | 0 | 3 | $-7,403,379 |
| Juan Luis Ortega | Executive Vice President* | June 8, 2026 M | 28,859 | 0 | 3 | $-2,790,762 |
| Paul Mcnamee | Executive Vice President* | May 21, 2026 F | 18,649 | 0 | 0 | $0 |
| Frances D. O'Brien | Chief Risk Officer | May 21, 2026 F | 40,861 | 0 | 0 | $0 |
| Bryce L. Johns | Senior Vice President,* | May 21, 2026 D | 24,527 | 0 | 1 | $-504,930 |
| Peter C. Enns | Executive Vice President and* | May 21, 2026 F | 29,713 | 0 | 0 | $0 |
| Timothy Alan Boroughs | Executive Vice President* | May 21, 2026 F | 5,588 | 0 | 4 | $-12,619,078 |
| George F. Ohsiek | Chief Accounting Officer | March 6, 2026 S | 17,087 | 0 | 3 | $-1,923,097 |
| John J Lupica | Vice Chrm, Chubb Group* | Nov. 14, 2025 S | 74,225 | 0 | 2 | $-11,513,507 |
| Annmarie T Hagan | Chief Accounting Officer | May 16, 2024 M | 7,718 | 0 | 0 | $0 |
| Sean Ringsted | EVP, Chief Risk Officer and* | Feb. 23, 2023 A | 224,495 | 0 | 0 | $0 |
| Paul J Krump | Vice Chairman, Chubb Group* | May 18, 2022 F | 84,039 | 0 | 0 | $0 |
| Philip V Bancroft | Executive Vice President* | May 19, 2021 F | 255,671 | 0 | 0 | $0 |
| Paul Bennett Medini | Chief Accounting Officer | Feb. 28, 2020 F | 94,361 | 0 | 0 | $0 |
| Juan C Andrade | Executive Vice President* | May 30, 2019 S | 113,479 | 0 | 0 | $0 |
| Robert Cusumano | General Counsel | July 26, 2013 G | 58,722 | 0 | 0 | $0 |
| Brian Edward Dowd | Vice Chairman; Chairman,* | May 18, 2011 F | 193,180 | 0 | 0 | $0 |
| Gary T Schmalzriedt | Subsidiary Chairman | Sept. 29, 2006 A | 98,758 | 0 | 0 | $0 |
| Donald Kramer | Executive* | Feb. 28, 2005 F | 500,116 | 0 | 0 | $0 |
| Peter Mear | General Counsel and Secretary | Feb. 23, 2005 A | 103,374 | 0 | 0 | $0 |
| Fred Hu | Director | May 21, 2026 F | 1,713 | 0 | 0 | $0 |
| Frances F Townsend | Director | May 21, 2026 F | 5,314 | 0 | 0 | $0 |
| Theodore Shasta | Director | May 21, 2026 F | 16,069 | 0 | 0 | $0 |
| Michael Corbat | Director | May 21, 2026 F | 2,938 | 0 | 0 | $0 |
| Olivier Steimer | Director | May 21, 2026 F | 26,120 | 0 | 1 | $-658,600 |
| Robert W Scully | Director | May 21, 2026 F | 20,397 | 0 | 0 | $0 |
| Nancy Buese | Director | May 21, 2026 F | 3,746 | 0 | 0 | $0 |
| Nelson Chai | Director | May 21, 2026 F | 1,797 | 0 | 0 | $0 |
| David H Sidwell | Director | May 21, 2026 F | 15,321 | 0 | 0 | $0 |
| CONNORS MICHAEL P | Director | May 21, 2026 F | 18,303 | 0 | 0 | $0 |
| Robert J Hugin | Director | May 21, 2026 A | 21,626 | 0 | 0 | $0 |
| Sheila P Burke | Director | May 21, 2026 F | 8,587 | 0 | 0 | $0 |
| Michael G Atieh | Director | May 21, 2026 S | 40,014 | 0 | 1 | $-190,468 |
| Kathleen Bonanno | Director | May 16, 2024 F | 1,415 | 0 | 0 | $0 |
| Luis Tellez | Director | May 17, 2023 F | 1,511 | 0 | 0 | $0 |
| Mary A Cirillo | Director | May 17, 2023 F | 44,542 | 0 | 0 | $0 |
| Eugene B. Shanks JR | Director | May 19, 2022 F | 12,181 | 0 | 0 | $0 |
| John A Edwardson | Director | May 20, 2021 F | 12,201 | 0 | 0 | $0 |
| James I Cash | Director | May 20, 2021 F | 5,046 | 0 | 0 | $0 |
| Kimberly A. Ross | Director | May 20, 2020 F | 8,734 | 0 | 0 | $0 |
| Robert M Hernandez | Director | May 20, 2020 F | 27,937 | 0 | 0 | $0 |
| James M Zimmerman | Director | May 16, 2019 F | 6,100 | 0 | 0 | $0 |
| Leo F Mullin | Director | May 17, 2018 F | 19,708 | 0 | 0 | $0 |
| Lawrence W Kellner | Director | May 19, 2016 A | 1,883 | 0 | 0 | $0 |
| Peter Menikoff | Director | May 19, 2016 F | 57,983 | 0 | 0 | $0 |
| Thomas J Neff | Director | May 16, 2013 F | 52,968 | 0 | 0 | $0 |
| RIPP ROBERT | Director | May 16, 2013 F | 47,312 | 0 | 0 | $0 |
| Bruce L Crockett | Director | Jan. 13, 2012 M | 34,708 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 123 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| KBWP · Invesco Exchange-Traded Fund Trust … | 7.58% | 62,912 SH | Aug. 21, 2026 | Daily |
| DFNL · Davis Fundamental ETF Trust | 4.48% | 64,362 NS | April 30, 2026 | N-PORT |
| FMCX · Northern Lights Fund Trust IV | 2.68% | 10,116 NS | May 31, 2026 | N-PORT |
| ESN · Northern Lights Fund Trust II | 2.30% | 20,563 NS | May 31, 2026 | N-PORT |
| IYF · iShares Trust | 1.84% | 227,326 SH | Aug. 21, 2026 | Daily |
| USMV · iShares Trust | 1.48% | 1,041,061 SH | Aug. 21, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 1.39% | 569,474 SH | Aug. 19, 2026 | Daily |
| PWV · Invesco Exchange-Traded Fund Trust | 1.37% | 74,084 SH | Aug. 21, 2026 | Daily |
| VFMV · VANGUARD WELLINGTON FUND | 1.25% | 15,392 SH | Aug. 19, 2026 | Daily |
| RSPF · Invesco Exchange-Traded Fund Trust | 1.24% | 11,222 SH | Aug. 21, 2026 | Daily |
| ESMV · iShares Trust | 1.24% | 286 SH | Aug. 21, 2026 | Daily |
| SPVM · Invesco Exchange-Traded Fund Trust | 1.17% | 4,688 SH | Aug. 21, 2026 | Daily |
| FAS · Direxion Shares ETF Trust | 1.16% | 69,588 NS | April 30, 2026 | N-PORT |
| SPGP · Invesco Exchange-Traded Fund Trust | 1.13% | 75,235 SH | Aug. 21, 2026 | Daily |
| SPLV · Invesco Exchange-Traded Fund Trust … | 1.13% | 233,214 SH | Aug. 21, 2026 | Daily |
| ACWV · iShares, Inc. | 0.96% | 94,841 SH | Aug. 21, 2026 | Daily |
| SPVU · Invesco Exchange-Traded Fund Trust … | 0.85% | 3,665 NS | May 31, 2026 | N-PORT |
| OUSA · ALPS ETF Trust | 0.80% | 19,098 NS | May 31, 2026 | N-PORT |
| IXG · iShares Trust | 0.78% | 15,706 SH | Aug. 21, 2026 | Daily |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.70% | 232 NS | May 31, 2026 | N-PORT |
| XOEF · iShares Trust | 0.68% | 454 SH | Aug. 21, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.61% | 15,063 SH | Aug. 19, 2026 | Daily |
| LSVD · ADVISORS' INNER CIRCLE FUND | 0.59% | 10,958 NS | April 30, 2026 | N-PORT |
| MGV · VANGUARD WORLD FUND | 0.56% | 219,403 SH | Aug. 19, 2026 | Daily |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.54% | 2,037,820 SH | Aug. 19, 2026 | Daily |
| DFLV · Dimensional ETF Trust | 0.50% | 90,116 NS | April 30, 2026 | N-PORT |
| VYM · VANGUARD WHITEHALL FUNDS | 0.50% | 1,404,489 SH | Aug. 19, 2026 | Daily |
| IUS · Invesco Exchange-Traded Self-Indexe… | 0.48% | 13,461 SH | Aug. 21, 2026 | Daily |
| USXF · iShares Trust | 0.47% | 20,464 SH | Aug. 21, 2026 | Daily |
| PFM · Invesco Exchange-Traded Fund Trust | 0.47% | 11,039 SH | Aug. 21, 2026 | Daily |
| VTV · VANGUARD INDEX FUNDS | 0.45% | 3,319,436 SH | Aug. 19, 2026 | Daily |
| IWX · iShares Trust | 0.45% | 51,907 SH | Aug. 21, 2026 | Daily |
| RPV · Invesco Exchange-Traded Fund Trust | 0.45% | 22,467 SH | Aug. 21, 2026 | Daily |
| AVLV · AMERICAN CENTURY ETF TRUST | 0.44% | 181,918 NS | May 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.42% | 185,959 NS | April 30, 2026 | N-PORT |
| VOOV · VANGUARD ADMIRAL FUNDS | 0.42% | 83,035 SH | Aug. 19, 2026 | Daily |
| IVE · iShares Trust | 0.41% | 597,393 SH | Aug. 21, 2026 | Daily |
| SIXL · EXCHANGE TRADED CONCEPTS TRUST | 0.41% | 2,454 NS | May 31, 2026 | N-PORT |
| IUSV · iShares Trust | 0.39% | 313,842 SH | Aug. 21, 2026 | Daily |
| ACVF · ETF Opportunities Trust | 0.39% | 1,719 NS | April 30, 2026 | N-PORT |
| ILCV · iShares Trust | 0.35% | 13,834 SH | Aug. 21, 2026 | Daily |
| VONV · VANGUARD SCOTTSDALE FUNDS | 0.34% | 212,382 SH | Aug. 19, 2026 | Daily |
| DSI · iShares Trust | 0.34% | 53,957 SH | Aug. 21, 2026 | Daily |
| QUAL · iShares Trust | 0.33% | 460,194 SH | Aug. 21, 2026 | Daily |
| PFIG · Invesco Exchange-Traded Fund Trust … | 0.33% | 420,000 | Aug. 21, 2026 | Daily |
| IWD · iShares Trust | 0.32% | 781,078 SH | Aug. 21, 2026 | Daily |
| RWL · Invesco Exchange-Traded Fund Trust … | 0.31% | 90,244 SH | Aug. 21, 2026 | Daily |
| DGRO · iShares Trust | 0.31% | 395,377 SH | Aug. 21, 2026 | Daily |
| EGLE · Global X Funds | 0.30% | 19 NS | April 30, 2026 | N-PORT |
| QRFT · Exchange Listed Funds Trust | 0.29% | 130 NS | April 30, 2026 | N-PORT |