Chubb (CB Quote) beat first-quarter earnings estimates.
The Warren, N.J., insurer made $710 million, or $1.71 a share, for the quarter ended March 31, up from the year-ago $672 million, or $1.58 a share. Operating earnings, excluding realized investment gains, rose to $1.53 a share from $1.42 a share a year earlier.
Analysts were looking for an operating profit of $1.37 a share.
Net written premiums for the first quarter declined 2% to $2.9 billion. Premiums for the insurance business increased 1%; they decreased 1% in the U.S. and increased 7% outside the U.S. (1% in local currencies). Premiums for the reinsurance assumed business declined 69%, reflecting the impact of the Chubb Re-Harbor Point transaction completed in December 2005. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,344.84 | 1,095.63 | 2,144.60 | 32.01 |
Oil *
78.55
|
|
UP
34.92
|
UP
4.14
|
UP
6.16
|
DOWN
0.30
|
10 Yr
3.20%
SPDR Gold
115.65
|
|
+0.34%
|
+0.38%
|
+0.29%
|
-0.93%
|
Data delayed 20 minutes |
Connect with TheStreet