NU Online News Service, April 24, 2:42 p.m. EDT
Chubb Corp. reported its first-quarter net income dropped 49 percent from the previous year, but the earnings were good enough to beat analysts' estimates by 5 cents a share.
The Warren, N.J.-based insurer reported first-quarter net income dropped $323 million on the comparative quarter to $341 million.
Its results translated into operating income per share of $1.43, better than the $1.38 consensus estimate of analysts. First-quarter net income per share dropped from $1.77 a share last year to 95 cents a share this quarter.
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