The Chubb Corp. reported today that second quarter net income rose 20 percent to $598 million compared to $495 million in the second quarter of 2005.
The second quarter combined loss and expense ratio improved to 85.2 in 2006 from 88 in 2005.
"Each of our three major business units contributed substantially to earnings, and the specialty business reached a milestone in its recovery by achieving a combined ratio below 90," said John D. Finnegan, chairman, president and chief executive officer.
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