Chubb Corp. (CB) Tops Q2 EPS by 22c

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Go back to Chubb Corp. (CB) Tops Q2 EPS by 22c

Chubb Reports Second Quarter Net Income per Share of $2.14; Operating Income per Share Is Up 22% to $2.08; Combined Ratio Is 85.5% including Catastrophe Impact of 4.7 Points

July 23, 2015 4:07 PM EDT

WARREN, N.J., July 23, 2015 /PRNewswire/ -- The Chubb Corporation (NYSE: CB) today reported that net income in the second quarter of 2015 was $494 million compared to $499 million in the second quarter of 2014.  Net income per share increased 5% to $2.14 from $2.03.

Operating income, which the company defines as net income excluding after-tax realized investment gains and losses, was $481 million in the second quarter of 2015 compared to $418 million in the second quarter of 2014.  Operating income per share increased 22% to $2.08 from $1.70.

The impact of catastrophes in the second quarter was $148 million before tax ($0.42 per share... More