The Chubb Corporation (Chubb) is a holding company for a family of property and casualty insurance companies known as the Chubb Group of Insurance Companies (the P&C Group). The P&C Group is divided into three business units: Chubb Commercial Insurance, Chubb Specialty Insurance and Chubb Personal Insurance. Chubb Commercial Insurance offers a range of commercial insurance products, including coverage for multiple peril, casualty, workers’ compensation, and property and marine. Chubb Specialty Insurance offers a variety of specialized professional liability products for privately and publicly owned companies, financial institutions, professional firms and healthcare organizations. Chubb Specialty Insurance also includes the Company’s surety business. Chubb Personal Insurance offers products for individuals with fine homes and possessions who require more coverage choices and higher limits than standard insurance policies.
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, The Chubb Corporation's revenues decreased 6% to $9.55B. Net income increased 7% to $1.48B. Revenues reflect decreased premiums earned and lower investment income. Net income was offset by lower losses & loss expenses, decreased amortization of deferred policy acquisition costs, lower insurance operating cost & expenses and decreased total losses and expenses.