The BusinessWeek 50 Ranking
40
Chubb
Chubb makes A rich living by insuring niche clients, from the homes and cars of the wealthy to specialized businesses doing everything from making medical devices to digging mines. Its near-doubling of earnings last year was skewed by a big year-earlier write-off. Still, CEO Finnegan worked hard to keep Warren (N.J.)-based Chubb in the top tier. He shed problem units, like the one that insured institutional portfolios against loss. And he tightened controls and sharpened underwriting. That's one reason Chubb was a rare insurer scoring double-digit stock returns in the past 12 months.
Company Info
| 2004 Rank | 52 |
| STOCK INFO | CB |
| Market Value | $15.2 BILLION |
| Total Return | (1-yr.) 13.9%
(3-yr.) 12.7% |
| 2004 sales | $13 BILLION |
| Sales Growth | (1-yr.) 15%
(3-yr.) 19.4% |
| Net income | $1.5 BILLION |
| Net Income Growth | (1-yr.) 91%
(3-yr.) 150.5% |
| Net Margin* | 11.9% |
| Return on Equity* | 16.2% |
| Industry | INSURANCE |
| CORPORATE WEB SITE | |
More in S&P 500 Companies Scoreboard >
*Trailing 12 months
Company data as of 2/28/05 provided by Standard & Poor's Compustat
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Prudential Ups Chubb To Overweight
Company Snapshot
The Chubb Corporation operates as a holding company that provides property and casualty insurance to businesses and individuals. Chubb’s activities are divided into Commercial Insurance, Specialty Insurance, and Personal Insurance segments. Commercial Insurance segment offers various commercial customer insurance products, including coverage for multiple peril, casualty, worker’s compensation, and property and marine. Specialty Insurance segment provides executive protection and professional liability products for privately and publicly owned companies, financial institutions, professional firms, and healthcare organizations. It also includes the company's surety and accident insurance products and services, as well as its reinsurance assumed activities. Personal Insurance segment offers products for individuals with fine homes and possessions who require more coverage choices and higher limits than standard insurance policies. In addition, Chubb also develops and provides risk-financing services through both the capital and insurance markets. It provides insurance coverages principally in the United States, Canada, Europe, Australia, and parts of Latin America and Asia. The company was formed in 1967 and is headquartered in Warren, New Jersey.
No. of Employees
NA
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