NU Online News Service, April 24, 2:42 p.m. EDT

Chubb Corp. reported its first-quarter net income dropped 49percent from the previous year, but the earnings were good enoughto beat analysts' estimates by 5 cents a share.

The Warren, N.J.-based insurer reported first-quarter net incomedropped $323 million on the comparative quarter to $341million.

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