Chubb Estimates Q2 Catastrophe Losses at $240M

July 10, 2013

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.

Was this article valuable?

Here are more articles you may enjoy.