The Chubb Corporation is a bargain buy, due to its low P\E ratio of 7.91 (When Google's is 50+). Chubb makes its income through selling personal, specialty and commercial insurances to companies and individuals in the US, Canada, Europe, Asia and parts of Latin America, through a network of independent brokers.
As well as having good fundementals, Chubb has operations in some of the most rapidly growing global economies, and announced recently (Dec 13th) that they were beginning a share buyback programme, buying up 7.3% of the stock, worth approx $1.5BN.
In the long term, Chubb is a good reliable stock, though it probably will survive the current sub-prime crisis.
$54.39 (12/28/07)
