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Daily Insurance Industry News
Tuesday 23rd of January 2018
January 29, 2010

Chubb announces Q4 and 2009 results

by Richard Kilner

Story link: Chubb announces Q4 and 2009 results

The Chubb Corporation has reported that it made net profits of $695m in the fourth quarter of 2009, equating to $2.03 per share.

This marks an increase of over 50% compared to Q4 2008, when the firm made $407m net profits, or $1.13 per share.

It was also a significant improvement on the Q3 2009 figures, when Chubb saw net profits hit $596m, equating to $1.69 per share.

Operating income was $569m, the same level as recorded in Q4 2008, although operating income per share rose by 5%.

For 2009 as a whole Chubb made $2.2bn net profits, or $6.18 per share, an improvement on the $1.8bn made in 2008, ($4.92 per share).

Chairman, President and Chief Executive Officer John D. Finnegan has described the year as excellent, and the final quarter of 2009 as fantastic for the firm.

Finnegan was particularly pleased with the firm’s operating income per share ($6.14), its second highest ever for any year.

 

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