Chubb Board Increases Quarterly Dividend by 13.6%, Marking Insurer's 32nd Consecutive Annual Dividend Increase - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Chubb Board Increases Quarterly Dividend by 13.6%, Marking Insurer's 32nd Consecutive Annual Dividend Increase

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SOURCE Chubb Corporation

WARREN, N.J., Feb. 27, 2014 /PRNewswire/ -- The Board of Directors of The Chubb Corporation (NYSE: CB) today declared a quarterly dividend in the amount of $0.50 per share payable April 1, 2014 to shareholders of record on March 14, 2014.

The new dividend rate is a 13.6% increase over the previous $0.44 per share quarterly dividend and represents the 32nd consecutive annual increase of Chubb's common stock dividend.

"The dividend increase we announced today evidences Chubb's strong financial performance.  It also demonstrates Chubb's continued commitment to capital management, which is further reflected in the new $1.5 billion share repurchase program we announced last month," said John D. Finnegan, Chairman, President and Chief Executive Officer. 

"During 2013," said Mr. Finnegan, "Chubb returned nearly $1.8 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 2013, Chubb has returned in the aggregate $15.6 billion to shareholders, through $11.9 billion of repurchases and $3.7 billion of dividends."

For further information, contact:

Investors:

Glenn A. Montgomery



908-903-2365





Media:

Mark E. Greenberg



908-903-2682

 

About Chubb

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, visit www.chubb.com.

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