Chubb Estimates Losses from Third Quarter Catastrophes;
Will Announce Third Quarter Financial Results on October 20
FOR IMMEDIATE RELEASE
WARREN, New Jersey, September 28, 2011 The Chubb Corporation [NYSE: CB] announced
today that it estimates losses from third quarter catastrophes were approximately $400
million to $475 million before tax (approximately $0.90 to $1.07 per share after tax). The
estimate includes approximately $300 million to $375 million of losses from Hurricane Irene,
as well as losses from eight other catastrophe events in the United States. The impact of
the catastrophe losses will be reflected in Chubbs third quarter 2011 financial results.
Chubb expects to release third quarter 2011 financial results on Thursday, October 20,
2011 after the close of the market. The press release and financial supplement will be
available shortly thereafter on Chubbs website at www.chubb.com.
A conference call will take place on the same day, Thursday, October 20, 2011 at 5:00
p.m. Eastern Daylight Time hosted by Chairman, President and CEO John Finnegan and other
members of senior management. The call will be broadcast live over the Internet. To listen
to the conference call log on to Chubbs website at www.chubb.com and click on the
microphone icon. If you are unable to listen to the live webcast, a replay of the call will
be available through Friday, November 18, 2011 on Chubbs website at www.chubb.com
approximately two hours following the webcast.
You may pre-register to listen to the live conference call on Chubbs website at
www.chubb.com by clicking on this press release in the press release category of our home
Some of the statements in this release, including those about estimated catastrophe
losses, are forward-looking information as that term is defined in the Private Securities
Litigation Reform Act of 1995 (PSLRA). These forward-looking statements are made pursuant to
the safe harbor provisions of the PSLRA. Actual results may differ materially from those
suggested by the forward-looking statements as a result of risks and uncertainties, which
include, among others, those discussed or identified from time to time in our public filings
with the Securities and Exchange Commission. Chubb assumes no obligation to update any
forward-looking information set forth in this release, which speaks as of its date.
||For further information contact:
||Glenn A. Montgomery