Chubb Corp. (CB) Misses Q1 EPS by 28c

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Go back to Chubb Corp. (CB) Misses Q1 EPS by 28c

Chubb Reports First Quarter Net Income per Share of $1.60; Operating Income per Share Is $1.57; Combined Ratio of 93.9% Includes 8.1 Point Impact of Catastrophes

April 23, 2015 4:01 PM EDT

WARREN, N.J., April 23, 2015 /PRNewswire/ -- The Chubb Corporation (NYSE: CB) today reported that net income in the first quarter of 2015 was $375 million, compared to $449 million in the first quarter of 2014.  First quarter net income per share was $1.60 in 2015 and $1.80 in 2014.

Operating income, which the company defines as net income excluding after-tax realized investment gains and losses, was $367 million in the first quarter of 2015 and $374 million in the first quarter of 2014.  First quarter operating income per share was $1.57 in 2015 and $1.50 in 2014.

Average diluted shares outstanding for the first quarter were... More