Chubb Corp. (CB) Reports Q4 Operating Income of $2.03/Share
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Chubb Limited Reports Legacy ACE Operating Income of $780 Million for the Fourth Quarter and $3.2 Billion for the Year; Full-Year Per Share Operating Income of $9.76 versus $9.79 Prior Year; Operating
January 26, 2016 5:29 PM ESTZURICH, Jan. 26, 2016 /PRNewswire/ -- Chubb Limited (NYSE: CB) today reported net income for the quarter ended December 31, 2015, of $2.08 per share, compared with $1.66 per share for the same quarter last year.(3) Operating income was $2.38 per share, compared with $2.47 per share for the same quarter last year. The property and casualty (P&C) combined ratio for the quarter was 87.7%. Book value and tangible book value per share remained flat from September 30, 2015, and were adversely impacted by net unrealized losses in the company's investment portfolio (net of mark-to-market gains in the company's variable annuity reinsurance... More
