Chubb Reports Q4 EPS of $2.02 vs. $1.58

The Chubb Corporation CB today reported that net income in the fourth quarter of 2010 was $620 million or $2.02 per share, compared to $695 million or $2.03 per share in the fourth quarter of 2009. Average diluted shares outstanding for the fourth quarter were 307.4 million in 2010 and 343.1 million in 2009. Operating income, which the company defines as net income excluding after-tax realized investment gains and losses, was $519 million, compared to $569 million in the fourth quarter of 2009. Operating income per share increased 2% to $1.69 from $1.66.