Chubb Corporation said it would pay a regular quarterly dividend of 29 cents per share payable Oct. 9 to shareholders of record as of Sept. 21.
The Warren, N.J.-based insurer reported for the second quarter of this year that net income increased 19 percent, or $111 million, to $709 million based on net premiums written of more than $3 billion. Net premiums written decreased in the quarter by $23 million. Earnings were helped by increases in investments and underwriting income.
For the first half of this year net income rose $108 million, or 8 percent, to $1.3 billion. Net premiums written were down $81 million to $5.9 billion, the company said.
The insurer improved its combined ratio in the second quarter over the same period last year by 2.5 points to 82.7. For the first half of the year the combined ratio stood at 83.1, a drop of 0.9 points.
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