The Chubb Corp. estimates that catastrophe losses in the second quarter will be approximately $240 million before tax, or $156 million after tax ($0.60 per share after tax).
The company said that about $175 million of the losses before tax represents losses from catastrophes in the United States, primarily from various severe storms in the Central states. Losses from catastrophes outside the United States amounted to approximately $65 million before tax, most of which were from storms and flooding in southern Alberta, Canada.
Chubb said it expects to announce its second quarter 2013 financial results as scheduled on July 25, 2013 after the close of the market.
Topics Catastrophe Profit Loss
Was this article valuable?
Here are more articles you may enjoy.
Senators Launch Probe Into Demotech’s Ratings in Florida 
CEO Sentenced in Miami to 15 Years in One of the Largest Health Care Fraud Cases 
UPS Ripped Off Seasonal Workers With Unfair Pay Practices, Lawsuit Alleges 
North Carolina Sting Operation Alleges Roofer Damaged Shingles to File Claim 
