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Chubb Corp, one of the largest U.S. business insurers, announced its earnings declined by 6.5 percent in the first quarter of 2008, reflecting a moderate decline in the value of policy sales.
Published on April 25, 2008
Chubb posted operating earnings of $620 million, down from $634 million, or $1.53 a share, in the same period a year ago.
Chubb’s net written premiums were down 2% to $2.9 billion, while investment income was up approximately 7% to $410 million for the quarter.
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