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Impact on Chubb's Q2 2024 earnings post Berkshire investment
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Chubb's quarterly earnings report
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Warren Buffett's Berkshire Hathaway Reveals $6.72 Billion Stake in Insurer Chubb, 26 Million Shares
May 15, 2024, 09:30 PM
Warren Buffett's Berkshire Hathaway has revealed a significant investment in the insurance company Chubb, amounting to $6.72 billion. This disclosure was made in Berkshire's latest 13F filing, which details the company's holdings as of the end of Q1 2024. The investment in Chubb had been kept confidential by Buffett, who had requested the SEC to withhold the stock's name and details from the public. Berkshire purchased 26 million shares of the Swiss insurer. The revelation of this 'mystery stock' has led to a notable increase in Chubb's stock price, which saw a rise of over 9%, and 9.5% in pre-market trading.
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