Last $90.09 USD
Change Today +0.60 / 0.67%
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As of 8:04 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

chubb corp (CB) Key Developments

The Chubb Corporation Declares Quarterly Dividend, Payable on April 1, 2014

The Board of Directors of The Chubb Corporation declared a quarterly dividend in the amount of $0.50 per share payable on April 1, 2014 to shareholders of record on March 14, 2014. The new dividend rate is a 13.6% increase over the previous $0.44 per share quarterly dividend and represents the 32nd consecutive annual increase of Chubb's common stock dividend.

The Chubb Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Year 2014

The Chubb Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company has posted premiums earned of $3,040 million against $2,927 million a year ago. Consolidated operating income was $526 million against $44 million a year ago. Consolidated net income was $569 million or $2.24 diluted per share against $102 million or $0.38 diluted per share a year ago. Fourth quarter operating income per share for 2013 was $2.07. Net income was higher than operating income in the quarter due to net realized investment gains before tax of $67 million, or $0.17 per share after-tax, of which $0.09 per share came from alternative investments. For the year, the company has posted premiums earned of $12,066 million against $11,838 million a year ago. Consolidated operating income was $2,084 million against $1,420 million a year ago. Consolidated net income was $2,345 million or $9.04 diluted per share against $1,545 million or $5.69 diluted per share a year ago. Book value per common share was $64.83 against $60.45 a year ago. Adjusted book value per share was $61.86 compared to $53.80 at 2012 year end, an increase of 15%. The company generated annualized cat and operating ROE in the quarter of 14.4% and enjoyed very strong book value growth of 4% from the prior quarter. For the year 2014, the company expects to achieve 2014 operating income per share in the range of $7.10 to $7.40. This operating income guidance assumes for the full year 2014: An increase of 2% to 4% in net written premiums. 2014 operating income per share at $7.25.

The Chubb Group of Insurance Companies Appoints Greg Arms as the New COO of its Accident and Health Business, Effective December 30, 2013

The Chubb Group of Insurance Companies named Greg Arms as the new COO of its accident and health business, effective December 30, 2013. He will report to Paul Krump, president of commercial and specialty lines. Arms was most recently managing director and global leader of employee benefits at Marsh Inc. in New York City. During his five years at Marsh, he managed the employee benefits brokerage/consulting business across more than 100 countries and developed and implemented an accelerated global growth strategy for the division.

The Chubb Corporation to Report Q4, 2013 Results on Jan 30, 2014

The Chubb Corporation announced that they will report Q4, 2013 results at 5:00 PM, Eastern Standard Time on Jan 30, 2014

The Chubb Corporation, Q4 2013 Earnings Call, Jan 30, 2014

The Chubb Corporation, Q4 2013 Earnings Call, Jan 30, 2014

 

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Price/Earnings 9.9x
Price/Sales 1.6x
Price/Book 1.4x
Price/Cash Flow 9.4x
TEV/Sales 1.2x
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