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Chubb Board Raises Quarterly Dividend by 7.3%, Marking Insurer's 31st Consecutive Annual Dividend Increase

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^{Published in Business and Finance on Thursday, February 28th 2013 at 11:00 GMT by Market Wire}  

Chubb Board Raises Quarterly Dividend by 7.3%, Marking Insurer's 31st Consecutive Annual... -- WARREN, N.J., Feb. 28, 2013 /PRNewswire/ --

WARREN, N.J., Feb. 28, 2013 /PRNewswire/ -- 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."

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 ].

SOURCE Chubb Corporation