More on Chubb (CB): Beats on Q4 earnings expectations, but net earnings decline 77% Y/Y as hefty...

|About: Chubb Ltd (CB)|By:, SA News Editor

More on Chubb (CB): Beats on Q4 earnings expectations, but net earnings decline 77% Y/Y as hefty costs related to Hurricane Sandy weighed on results. Despite Sandy, operating profit rose and the company provided upbeat earnings guidance for the current year, now forecasting FY13 operating income of $6.40 to $6.80 per share, above the $6.26 estimate from Street analysts. The company also authorized a $1.3B stock buyback. Shares +0.5% AH.