reported better-than-expected third-quarter earnings, as catastrophe losses fell sharply from the same period a year ago.
The company reported operating income for the latest third quarter of $184.6 million, or $1.04 a share, compared with $74.8 million, or 43 cents a share, for the same period a year ago. Analysts expected the company to earn $1.03 a share for the quarter, according to
First Call/Thomson Financial
For the third quarter, net property and casualty premiums written rose 10.1% to $1.6 billion. Premium growth in the U.S. was 11%. Reported premiums outside the U.S. were up 6%, and in local currencies, they rose 19%.
Shares of Chubb were recently off $1.25, or 1.6%, to $79 on the
New York Stock Exchange