WASHINGTON (dpa-AFX) - Chubb Corp.(CB) reported that its first-quarter net income was $506 million, compared to $509 million in the prior year quarter. However, net income per share rose to $1.83 from $1.70 in the last year quarter.
Operating income for the quarter was $469 million or $1.70 per share, compared to $405 million or $1.35 per share in the comparable quarter last year. On average, 22 analysts polled by Thomson Reuters expected the company to report earnings of $1.52 per share for the quarter. Analysts' estimates typically exclude special items.
Net Premiums Written rose to $2.95 billion from $2.86 billion in the same quarter last year, while thirteen analysts had consensus revenue estimate of $2.99 billion for the quarter.
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