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Chubb vs Marsh & Mclennan Companies (CB vs MMC)

Side by side from their SEC filings: revenue, margins, growth, returns and valuation, plus short interest, insider activity and institutional ownership.

Chubb is the larger company by revenue ($59.4B vs $27.0B) and market value ($134.9B vs $86.0B). Chubb has grown revenue faster over the last 4 fiscal years (+45.3% cumulative vs +36.1%). Chubb trades at the lower trailing P/E (12.3x vs 22.3x).

About Chubb

Chubb Ltd is a global insurance and reinsurance company headquartered in Zurich, Switzerland. It provides property and casualty insurance, accident and health insurance, life insurance, and reinsurance services to multinational corporations, small and mid-size businesses, high net worth individuals, and insurers worldwide. The company operates in 54 countries and offers products including commercial insurance, specialty lines, personal insurance, and risk management services.

About Marsh & Mclennan Companies

Marsh & McLennan Companies, Inc. provides risk management, insurance and reinsurance brokerage, and consulting services worldwide. Its Risk and Insurance Services segment includes Marsh Risk, which offers insurance broking, risk advisory, and program management, and Guy Carpenter, which specializes in reinsurance broking and strategic advisory. The Consulting segment delivers health, wealth, career advice, and management consulting services through Mercer and Marsh Management Consulting to organizations globally.

Head to head (CB FY2025 vs MMC FY2025)

MetricCBFY2025MMCFY2025
Revenue$59.40B$26.98B
Revenue growth (YoY)6.5%10.3%
Gross margin
Operating margin23.1%
Net margin17.4%15.4%
Net income$10.31B$4.16B
Diluted EPS$25.68$8.43
FCF margin18.5%
ROE12.9%27.2%
Debt / equity0.2×1.2×
Market cap$134.91B$86.02B
P/E (TTM)12.3×22.3×

Fundamentals are from each company’s SEC filings (CB FY2025, MMC FY2025). P/E and market cap are derived from recent market prices and update daily.

Five-year trend (as reported)

RevenueFY2021FY2022FY2023FY2024FY2025
CB$40.87B$43.10B$49.73B$55.75B$59.40B
MMC$19.82B$20.72B$22.74B$24.46B$26.98B
Net incomeFY2021FY2022FY2023FY2024FY2025
CB$8.53B$5.25B$9.03B$9.27B$10.31B
MMC$3.14B$3.05B$3.76B$4.06B$4.16B
Operating marginFY2021FY2022FY2023FY2024FY2025
CB
MMC21.8%20.7%23.2%23.8%23.1%

Peer standing

Where each company ranks among the 88 insurance companies, on the same scale. Each figure is ranked only against peers that report it. Percentiles describe position in the distribution, not a rating.

MetricCBMMC
Net margin
17.4%73rd percentile of 82
15.4%69th percentile of 82
Revenue growth (YoY)
+6.5%40th percentile of 88
+10.3%54th percentile of 88
ROE
12.9%53rd percentile of 73
27.2%83rd percentile of 73
P/E (TTM)
12.3×50th percentile of 71
22.3×80th percentile of 71
Debt / equity
0.20×40th percentile of 48
1.20×87th percentile of 48
Short interest (days to cover)
2.68d44th percentile of 86
2.08d28th percentile of 86

Short interest

FINRA settlement dataCBMMC
Shares sold short4.6M5.0M
Change vs prior settlement+6.8%-5.2%
Days to cover2.682.08
As of settlement2026-06-302025-12-31

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data; republishing or redistributing it is not permitted. Not presented as a percentage of float. No FINRA endorsement of this product is implied.

Insider activity (last 90 days)

Form 4 open-market activityCBMMC
Buys0
Sells4 ($8.8M)

Open-market purchases and sales reported on SEC Form 4 (grants, exercises and tax withholding excluded). For context, about 16% of covered companies saw any open-market insider buy in a 90-day window.

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filings before relying on them. Comparisons are descriptive (higher or lower on a reported figure), not a rating or a recommendation. Informational only. Not investment advice.