Warren Buffett’s Berkshire Hathaway Reveals Major Stake in Chubb Insurance Company

Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, has finally revealed a major investment that had been kept secret since last year. In a recent Securities and Exchange Commission filing, Berkshire disclosed that it had acquired nearly 26 million shares of the insurance company Chubb, worth approximately $6.7 billion.

This revelation has sent shockwaves through the financial world, as Buffett’s investment decisions are closely watched and often mimicked by other investors. Chubb’s stock jumped by more than 8% in after-hours trading following the news, highlighting the impact of Buffett’s endorsement.

Chubb, a global insurance company operating in 54 countries, made headlines earlier this year for underwriting President Donald Trump’s appeal bond in a defamation lawsuit. Buffett’s bet on Chubb is in line with his past investments in insurance companies like Geico, National Indemnity, and General Re, all of which are subsidiaries of Berkshire Hathaway.

This move also reflects Berkshire Hathaway’s recent investment strategy, which has seen the company doubling down on financial companies like Ally Financial, American Express, and Bank of America while reducing its holdings in consumer products. In fact, Berkshire sold off 10 million shares of Apple in the first quarter of this year, despite it being their largest investment, and also significantly reduced its stake in printer company HP.

Overall, Buffett’s investment in Chubb has once again demonstrated his keen eye for value and his ability to generate significant returns for Berkshire shareholders. As the financial world continues to analyze and react to this news, one thing is clear: Warren Buffett’s investment decisions will always be closely watched and highly influential.