(Reuters) - Property and casualty insurer Chubb Corp reported a better-than-expected quarterly profit as its claims fell 30% and announced a $1.5 billion share buyback.
The company, however, warned that first-quarter results would be hurt by severe winter weather in the United States that would trim net profit by 39-52 cents per share after tax.
The insurer said it expected to earn $7.10-$7.40 per share in 2014 on an operating basis, below analysts' average estimate of $7.60.
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