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Chubb Quarter Beats Analyst Expectations

"The stronger than anticipated results were driven by $135 million in reserve releases from the company's commercial, specialty and runoff insurance segments, somewhat offset by a slightly higher than

By Steven Tuckey | Updated on January 31, 2007

Chubb Corp. reported fourth-quarter earnings of $654 million compared with $610 in the same period last year.

Net written premiums for the quarter declined 4 percent to $3 billion, while the combined ratio improved six points to come in at 83.1, the company said.

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