The Chubb Corporation Q1 2010 Earnings Call Transcript

Apr. 23, 2010 12:01 AM ETChubb Limited (CB)
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The Chubb Corporation (NYSE:CB) Q1 2010 Earnings Call April 22, 2010 5:00 PM ET

Executives

John D. Finnegan – Chairman of the Board, President & Chief Executive Officer

John J. Degnan – Vice Chairman & Chief Operating Officer

Richard G. Spiro – Chief Financial Officer & Executive Vice President

Analysts

Jay Gelb – Barclays Capital

Clifford Gallant – Keefe, Bruyette & Woods

Joshua Shanker – Deutsche Bank Securities

Paul Newsome – Sandler O’Neill & Partners LP

Michael Nannizzi – Oppenheimer & Co.

Vinay Misquith – Credit Suisse

Matthew Heimermann – JP Morgan

Michael Grasher – Pipper Jaffray

Ian Gutterman – Adage Capital

Mark Dwelle – RBC Capital Markets

Keith Walsh – Citi

Operator

Welcome to The Chubb Corporation first quarter 2010 earnings conference call. Today’s call is being recorded. Before we begin Chubb has asked me to make the following statements. In order to help you understand Chubb, its industry and its results, members of Chubb’s management team will include in today’s presentation forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

It is possible that actual results might differ from estimates and forecasts that Chubb’s management team might make today. Additional information regarding factors that could cause such differences appears in Chubb’s filings with the Securities & Exchange Commission. In the prepared remarks and responses to questions during today’s presentation of Chubb’s first quarter 2010 financial results, Chubb’s management may refer to financial measures that are not derived from generally accepted accounting principles or GAAP.

Reconciliations of these non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with GAAP and related information is provided in the press release in the financial supplement for the first quarter 2010 which are available on the investor’s section of Chubb’s website

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