Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Chubb Limited reported a strong second quarter of 2026 characterized by continued growth and financial resilience across its diversified insurance and investment operations.</li><li>Core operating earnings reached $2.8 billion, representing a 14.6% increase year-over-year, while earnings per share rose 18.2%.</li><li>The company’s tangible book value per share, a key metric for shareholder wealth, improved by 17.1% year-over-year, reflecting consistent value creation.</li></ul>

Chubb Limited reported a strong second quarter of 2026 characterized by continued growth and financial resilience across its diversified insurance and investment operations.Core operating earnings reached $2.8 billion, representing a 14.6% increase year-over-year, while earnings per share rose 18.2%.The company’s tangible book value per share, a key metric for shareholder wealth, improved by 17.1% year-over-year, reflecting consistent value creation.

Chubb Is Not Just An Underwriting Story — Its $175 Billion Investment Base Is Getting Bigger!

<ul><li>Chubb Limited reported a strong start to its fiscal year 2026, demonstrating resilience amid ongoing geopolitical uncertainties and a complex macroeconomic environment characterized by inflationary pressures and potential economic slowdowns.</li><li>The company emphasized its globally diversified portfolio and disciplined underwriting approach as key strengths supporting its performance.</li><li>For the first quarter, Chubb Limited delivered core operating earnings of $2.7 billion or $6.82 per share, representing substantial increases from the prior year’s quarter, which had been impacted by significant catastrophe losses related to California wildfires.</li></ul>

Chubb Limited reported a strong start to its fiscal year 2026, demonstrating resilience amid ongoing geopolitical uncertainties and a complex macroeconomic environment characterized by inflationary pressures and potential economic slowdowns.The company emphasized its globally diversified portfolio and disciplined underwriting approach as key strengths supporting its performance.For the first quarter, Chubb Limited delivered core operating earnings of $2.7 billion or $6.82 per share, representing substantial increases from the prior year’s quarter, which had been impacted by significant catastrophe losses related to California wildfires.

Chubb’s Hidden Life Insurance Surge: A 33% Premium Growth Story!

<ul><li>Chubb Limited reported robust financial results for the fourth quarter and full year ending December 31, 2025, demonstrating strong performance across its diversified global insurance and investment operations.</li><li>The company achieved record core operating income of nearly $3 billion for the quarter—an increase of approximately 22% compared to the prior year—and close to $10 billion for the full year, marking 9% growth.</li><li>This was driven by double-digit gains in underwriting and life insurance income alongside record investment income.</li></ul>

Chubb Limited reported robust financial results for the fourth quarter and full year ending December 31, 2025, demonstrating strong performance across its diversified global insurance and investment operations.The company achieved record core operating income of nearly $3 billion for the quarter—an increase of approximately 22% compared to the prior year—and close to $10 billion for the full year, marking 9% growth.This was driven by double-digit gains in underwriting and life insurance income alongside record investment income.

Chubb Limited: Expanding Consumer And Commercial Lines Through Strategic Global Partnerships!

<ul><li>Chubb Limited reported strong third-quarter 2025 financial results, highlighted by record earnings driven by broad-based growth across various segments and geographies.</li><li>The company's core operating income rose by 29% to $3 billion, translating into earnings per share (EPS) of $7.49, a 31% increase from last year.</li><li>This performance was supported by record underwriting and investment results as well as solid premium revenue growth, indicating the diversified strength of the company's portfolio.</li></ul>

Chubb Limited reported strong third-quarter 2025 financial results, highlighted by record earnings driven by broad-based growth across various segments and geographies.The company's core operating income rose by 29% to $3 billion, translating into earnings per share (EPS) of $7.49, a 31% increase from last year.This performance was supported by record underwriting and investment results as well as solid premium revenue growth, indicating the diversified strength of the company's portfolio.

Chubb: Inside the 24.5% Core Operating ROTCE—What’s Powering These Elite Insurance Returns?

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain bullish (as of our 4/21/26 Compass) on the S&amp;P 500 (SPX), Nasdaq 100 (QQQ), and Russell 2000 (IWM). </li>
<li>Both the SPX and QQQ are testing their 50-day MAs, and we are buyers on this pullback as we expect 50-day MA supports to hold.</li>
<li>We are upgrading Financials (XLF) and Utilities (XLU) to market weight with RS making bullish inflections. Buys: HOOD DAVE AFRM UPST SEZL KLAR TLN GEV</li>
</ul>


We remain bullish (as of our 4/21/26 Compass) on the S&amp;P 500 (SPX), Nasdaq 100 (QQQ), and Russell 2000 (IWM). 
Both the SPX and QQQ are testing their 50-day MAs, and we are buyers on this pullback as we expect 50-day MA supports to hold.
We are upgrading Financials (XLF) and Utilities (XLU) to market weight with RS making bullish inflections. Buys: HOOD DAVE AFRM UPST SEZL KLAR TLN GEV


Upgrading Financials and Utilities to Market Weight; Risk-On Signals Remain Dominant. HOOD DAVE AFRM

United States

Chubb Limited operates as a property and casualty insurance company. The Company provides commercial and personal property, casualty, and personal accident and supplemental health insurance, reinsurance, and life insurance to a diverse group of clients.

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Chubb (CB US)

Chubb Is Not Just An Underwriting Story — Its $175 Billion Investment Base Is Getting Bigger!

Chubb Limited reported a strong second quarter of 2026 characterized by continued growth and financial resilience across its diversified insurance...

Baptista Research

Chubb’s Hidden Life Insurance Surge: A 33% Premium Growth Story!

Chubb Limited reported a strong start to its fiscal year 2026, demonstrating resilience amid ongoing geopolitical uncertainties and a complex...

Baptista Research

Chubb Limited: Expanding Consumer And Commercial Lines Through Strategic Global Partnerships!

Chubb Limited reported robust financial results for the fourth quarter and full year ending December 31, 2025, demonstrating strong performance...

Baptista Research

Chubb: Inside the 24.5% Core Operating ROTCE—What’s Powering These Elite Insurance Returns?

Chubb Limited reported strong third-quarter 2025 financial results, highlighted by record earnings driven by broad-based growth across various...

Baptista Research

Upgrading Financials and Utilities to Market Weight; Risk-On Signals Remain Dominant. HOOD DAVE AFRM

Upgrading Financials and Utilities to Market Weight; Risk-On Signals Remain Dominant. Charts Highlighted: XLF, XLU, HOOD, DAVE, SEZL, AFRM, UPST,...

Vermilion Research

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