Chubb Corp. reported fourth-quarter earnings of $654 million compared with $610 in the same period last year.
Net written premiums for the quarter declined 4 percent to $3 billion, while the combined ratio improved six points to come in at 83.1, the company said.
Bear Stearns property-casualty analyst David Small said the earnings of the Warren, N.J.-based carrier beat both his estimates and that of the consensus.
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