The Chubb Corp., Warren, N.J., reported 2005 fourth-quarter income rose 31 percent compared to 2004, reflecting results of company cost-cutting.
The personal and commercial lines carrier reported net income of $614 million for the fourth quarter of 2005, compared to $468 million for the same period 2004.
Bear Stearns analyst David Small said “the majority of the upside was driven by lower than expected expenses, as the company continues to focus on cost control.”
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