Chubb Corp. (CB) Tops Q1 EPS by 3c

Chubb Corp. (NYSE: CB) reported Q1 EPS of $2.48, $0.03 better than the analyst estimate of $2.45.

Evan G. Greenberg, Chairman and Chief Executive Officer of Chubb Limited, commented: "Chubb had a very good quarter. After-tax operating income per share increased 10%, driven by both strong P&C underwriting income, up 28%, and adjusted net investment income, which was up 9%. Comparing our results as if we were one company for the full quarter last year, operating income per share was up 8% while underwriting and investment income were up 9% and 3%, respectively. Our strong earnings led to very good book and tangible book value growth."

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

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