Chubb Board Raises Quarterly Dividend by 7.3%, Marking Insurer's 31st
Consecutive Annual Dividend Increase
WARREN, N.J., Feb. 28, 2013
WARREN, N.J., Feb. 28, 2013 /PRNewswire/ --The Board of Directors of The
Chubb Corporation (NYSE: CB) today declared a quarterly dividend in the amount
of $0.44 per share payable April 2, 2013 to shareholders of record on March
The new dividend rate is a 7.3% increase over the previous $0.41 per share
quarterly dividend and represents the 31st consecutive annual increase of
Chubb's common stock dividend.
"Today's dividend increase reflects Chubb's strong financial performance in
2012 and our positive outlook for 2013," said John D. Finnegan, Chairman,
President and Chief Executive Officer."It also demonstrates our continued
commitment to capital management which is further evidenced by the new $1.3
billion share repurchase program we announced last month.
"During 2012," said Mr. Finnegan, "Chubb returned nearly $1.4 billion to its
shareholders through a combination of share repurchases and dividends. From
December 2005, when Chubb's share repurchases began, through the end of 2012,
the company has returned a total of $13.9 billion to shareholders, through
$10.6 billion of repurchases and $3.3 billion of dividends."
For further information, Investors: Glenn A.
Media: Mark E. Greenberg
Since 1882, members of the Chubb Group of Insurance Companies have provided
property and casualty insurance products to customers around the globe. These
products are offered through a worldwide network of independent agents and
brokers. The Chubb Group of Insurance Companies is known for financial
strength, underwriting and loss-control expertise, tailoring products for the
needs of high net worth individuals and commercial customers in niche markets
and select industry segments, and outstanding claim service.
The Chubb Group of Insurance Companies is the marketing term used to describe
several separately incorporated insurance companies under the common ownership
of The Chubb Corporation. The Chubb Corporation is listed on the New York
Stock Exchange [NYSE: CB] and, together with its subsidiaries, employs
approximately 10,000 people throughout North America, Europe, Latin America,
Asia and Australia. For more information regarding The Chubb Corporation,
including a listing of the insurers in the Chubb Group of Insurance Companies,
SOURCE Chubb Corporation
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