Chubb Corp. (CB) Tops Q4 EPS by 17c, Guidance Light, Approves $1.3B Buyback

Chubb Corp. (NYSE: CB) reported Q4 EPS of $2.29, $0.17 better than the analyst estimate of $2.12. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $3.15 billion.

Chubb Corp. sees FY2015 EPS of $7.35-$7.65, versus the consensus of $7.82.

The Board of Directors of The Chubb Corporation (NYSE: CB) today authorized a new share repurchase program for up to $1.3 billion of the Corporation's common stock. Purchases may be made from time to time in the open market or in privately negotiated transactions. The program has no expiration date.

The Corporation's prior repurchase program, which was approved by the Board in January 2014 and provided for the repurchase of up to $1.5 billion of the Corporation's common stock, has been completed.

Since December 2005, Chubb has repurchased a total of 229 million shares representing 54% of the then-outstanding shares at a total cost of $13.5 billion. Total capital returned to shareholders during this period totaled $17.7 billion, including $4.2 billion in shareholder dividends.

For earnings history and earnings-related data on Chubb Corp. (CB) click here.

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