Chubb sees income drop in Q4 despite US tax reform gains
Chubb reported net income for the fourth quarter ended December 31, 2017 of $1.53bn, a drop from the $1.61bn reported for the same quarter the previous year.
Core operating income was up at $1.49bn compared with $1.28bn for the same quarter 2016.
Fourth quarter property & casualty combined ratio deteriorated to 90.7% compared with 87.8% in the prior year
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