Chubb Corp. (CB) reported net income of $695 million or $2.03 per share in the fourth quarter, compared to $407 million or $1.13 per share in the prior year quarter.
Operating income, which the company defines as net income excluding after-tax realized investment gains and losses, was $569 million or $1.66 per share, compared to $569 million or $1.58 per share in the previous year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $1.46 per share for the quarter. Analysts' estimates typically exclude special items.
Net written premiums for the fourth quarter declined 4% to $2.8 billion from $2.9 billion in the year-ago quarter. Excluding the effect of currency fluctuation, premiums were down 5%.
For 2010, the company expects operating income of $5.15 to $5.55 per share, while analysts estimate earnings of $5.40 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.