- Operating income of $418M vs. $463M a year ago; operating EPS of $1.70 slips from $1.77.
- Impact of catastrophes of $0.39 per share after-tax vs. $0.59 a year ago. Excluding catastrophes, combined ratio deteriorates to 85.2% from 80.9%.
- Net written premiums of $3.2B up 5% after excluding currency fluctuation.
- P&C investment income of $275M off 4%.
- About 4M shares repurchased at average price of $92.95 each for total cost of $375M. $823M remains under current authorization.
- 2014 outlook lowered to operating income of $6.75-$6.95 per share vs. $7.10-$7.40 previously.
- Conference call at 5 ET
- Previously: Chubb EPS misses by $0.19
- CB unchanged AH