EXHIBIT 12.1

THE CHUBB CORPORATION

COMPUTATION OF RATIO OF CONSOLIDATED EARNINGS TO FIXED CHARGES

	Three Months Ended		Years Ended December 31,
	March 31, 2010		2009			2008			2007		2006		2005
						(in millions except for ratio amounts)
Income from continuing operations before provision for income taxes	$	648	$	2,962		$	2,407		$	3,937	$	3,525	$	2,447
Less:
Income (loss) from equity investees		90		(9	)		(14	)		390		266		186
Add:
Interest expensed		62		248			240			206		134		135
Capitalized interest amortized or expensed		1		2			8			12		32		15
Portion of rents representative of the interest factor		7		29			31			31		32		34
Distributions from equity investees		9		51			166			151		72		138
Income as adjusted	$	637	$	3,301		$	2,866		$	3,947	$	3,529	$	2,583
Fixed charges:
Interest expensed	$	62	$	248		$	240		$	206	$	134	$	135
Portion of rents representative of the interest factor		7		29			31			31		32		34
Fixed charges	$	69	$	277		$	271		$	237	$	166	$	169
Ratio of consolidated earnings to fixed charges		9.23		11.92			10.58			16.65		21.26		15.28