Chubb Boosts Quarterly Profit By 30%
NU Online News, April 26, 12:56 p.m. EDT?The Chubb Corporation reported that its quarterly net income rose 30 percent, buttressed by continued strength from its commercial lines.[@@]
The Warren, N.J.-based property-casualty insurer said late yesterday its 2005 first-quarter net income was $469.6 million, up from $360.7 million one year ago. The quarterly combined ratio improved to 89.4, falling from 92.6 one year earlier. The latest combined ratio, the insurer pointed out, was the company's best quarterly combined ratio in more than 30 years.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
