Chubb’s profits fall as premiums rise
US insurer Chubb has reported rising premiums but falling income in the fourth quarter, echoing a year of reduced operating and net income on 5% higher net income.
It said that net income in the fourth quarter of 2011 was $452m, compared with $620m in the fourth quarter of 2010. Operating income was $460m, compared with $519m.
Net written premiums for the
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