CHUBB BOARD DECLARES REGULAR QUARTERLY DIVIDEND AND APPROVES NEW SHARE REPURCHASE PROGRAM
Warren, New Jersey, December 7, 2006 -- The Board of Directors of The Chubb Corporation today declared a regular quarterly
dividend in the amount of $0.25 per share payable January 9, 2007 to shareholders of record on December 21, 2006.
The Board also authorized a share repurchase program of up to 20 million shares of the Corporation’s common stock. The shares
covered by the new authorization equal 4.9% of the 411.6 million shares outstanding as of September 30, 2006. Purchases will
be made from time to time in the open market or in privately negotiated transactions. The authorization has no expiration
date. This authorization is in addition to an existing program approved by the Board on December 8, 2005 to purchase up to
28 million shares of which 636,638 shares remain available for repurchase.
“This action reflects the Board’s confidence in the strength of Chubb’s financial condition as well as our commitment to manage
our capital efficiently,” said John D. Finnegan, Chairman, President and Chief Executive Officer.
For Further Information Contact:
Investors: Glenn A. Montgomery
908-903-2365
Media: Mark E. Greenberg
908-903-2682
Certain statements in this release are “forward-looking statements” as that term is defined in the Private Securities Litigation
Reform Act of 1995 (PSLRA). These forward-looking statements are made pursuant to the safe harbor provisions of the PSLRA.
Forward-looking statements are made based upon management’s current expectations and beliefs concerning trends and future
developments and their potential effects on us. These statements are not guarantees of future performance. Actual results
may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties, which include,
among others, those discussed or identified from time to time in our public filings with the Securities and Exchange Commission
and those associated with general economic and market conditions, our financial performance and the capital requirements of
our business. Chubb assumes no obligation to update any forward-looking information set forth in this document, which speak
as of the date hereof.
|
