Chubb Corp.’s debt-to-total capital ratio is maintained at a modest 20% as of December 31, 2009. Despite the company’s ongoing share repurchase program, liquid assets at the holding company are expected to be maintained at a level more than sufficient to cover annual holding company expenses.The FSR of A++ (Superior) and ICRs of “aa+” have been affirmed for the Chubb Group of Insurance Companies and its following property/casualty members:
The following indicative ratings have been affirmed for securities under the shelf registration:The Chubb Corporation— --“a+” on preferred securities --“a” on preferred stock --“a+” on subordinated debt --“aa-” on senior unsecured debt For Best’s Credit Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. The principal methodologies used in determining these ratings, including any additional methodologies and factors that may have been considered, can be found at www.ambest.com/ratings/methodology. Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.