Chubb Boosts Quarterly Profit By 30%
NU Online News, April 26, 12:56 p.m. EDT?TheChubb Corporation reported that its quarterly net income rose 30percent, buttressed by continued strength from its commerciallines.[@@]
The Warren, N.J.-based property-casualty insurer said lateyesterday its 2005 first-quarter net income was $469.6 million, upfrom $360.7 million one year ago. The quarterly combined ratioimproved to 89.4, falling from 92.6 one year earlier. The latestcombined ratio, the insurer pointed out, was the company's bestquarterly combined ratio in more than 30 years.
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