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Operating income was
Results for the fourth quarter of 2012 were adversely affected by
Net written premiums for the fourth quarter increased 4% to
The fourth quarter combined loss and expense ratio was 85.5% in 2013 and 111.2% in 2012. The impact of catastrophes on the fourth quarter combined ratio was 2.1 percentage points in 2013 and 29.7 points in 2012. Excluding the impact of catastrophes, the fourth quarter combined ratio was 83.4% in 2013 and 81.5% in 2012.
The expense ratiofor the fourth quarter was 30.8%in 2013and 30.9%in 2012.
Propertyandcasualtyinvestment income after taxesfor the fourth quarter declined 4%to
Net incomeforthefourthquarterof2013includednetrealizedinvestment gainsof
During the fourth quarter of 2013,Chubbrepurchased 3.5 million shares of its common stockata totalcost of
Averagedilutedsharesoutstandingforthefourthquarterwere 254.1millionin2013 and266.8millionin2012.
Book value per share was
"For the full year 2013," said
Full Year Results
For the year endedDecember 31,2013, net income was
Netwritten premiums increased 3%to