Argus analyst John Staszak initiated Chubb with a Hold rating. The analyst says that while the company's costs have risen, 2018 will see a "more favorable underwriting environment" marked by improving macro backdrop and lower corporate tax rates. Staszak also expects the high catastrophe losses attributable to last year to normalize over the coming quarters, forecasting longer-term earnings growth rate around 8%. The analyst attributes his neutral stance to Chubb's fair valuation of 12.3-times his expected FY18 EPS, which is just below the average multiple of 13-times over the past 3 years.

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