CHUBB BOARD DECLARES REGULAR QUARTERLY DIVIDEND AND APPROVES NEW SHARE REPURCHASE PROGRAM
Warren, New Jersey, December 13, 2007 -- The Board of Directors of The Chubb Corporation today declared a regular quarterly dividend in the amount of $0.29 per
share payable January 15, 2008 to shareholders of record on December 18, 2007.
The Board also authorized a new share repurchase program of up to 28 million shares of the Corporation's common stock. The
shares covered by the new program equal 7.3% of the 383.8 million shares outstanding as of September 30, 2007. Purchases
will be made from time to time in the open market or in privately negotiated transactions. The program has no expiration
date. The Corporation's existing repurchase program, which provided for the repurchase of up to a total of 40 million shares,
is expected to be completed prior to the end of the year.
"This action reflects the Board's confidence in the strength of Chubb's financial condition as well as our commitment to manage
our capital efficiently," said John D. Finnegan, Chairman, President and Chief Executive Officer.
For Further Information Contact:
Investors: Glenn A. Montgomery 908-903-2365
Media: Mark E. Greenberg 908-903-2682
Certain statements in this release are "forward-looking statements" as that term is defined in the Private Securities Litigation
Reform Act of 1995 (PSLRA). These forward-looking statements are made pursuant to the safe harbor provisions of the PSLRA.
Forward-looking statements are made based upon management's current expectations and beliefs concerning trends and future
developments and their potential effects on us. These statements are not guarantees of future performance. Actual results
may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties, which include,
among others, those discussed or identified from time to time in our public filings with the Securities and Exchange Commission
and those associated with general economic and market conditions, our financial performance and the capital requirements of
our business. Chubb assumes no obligation to update any forward-looking information set forth in this document, which speak
as of the date hereof.
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