Chubb Board Raises Quarterly Dividend by 7.3%, Marking Insurer's 31st Consecutive Annual Dividend Increase
WARREN, N.J., February 28, 2013 – 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 15, 2013.
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 contact:
||Glenn A. Montgomery
||Mark E. Greenberg
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, visit www.chubb.com.