Industry: Property Casualty Insurance
Fortune Rank: 176
CB is a holding company for a family of property and casualty insurance companies known informally as the Chubb Group of Insurance Companies. For the 6 months ended 6/30/05, revenues increased 8% to $6.9B. Net income increased 35% to $965.1M. Revenues reflect an increase in premiums earned, and higher investment income. Earnings also benefited from a decrease in insurance operating costs and expenses.
Chubb Corporation is a holding company for a family of property and casualty insurance companies known as the Chubb Group of Insurance Companies (the P&C Group). The P&C Group is divided into three strategic business units. Chubb Commercial Insurance offers commercial customer insurance products, including coverage for multiple peril, casualty, workers' compensation, and property and marine. Chubb Specialty Insurance offers specialized executive protection and professional liability products for privately and publicly owned companies, financial institutions, professional firms and healthcare organizations. Chubb Specialty Insurance also includes the Company's surety and accident businesses, as well as its reinsurance assumed business. Chubb Personal Insurance offers products for individuals with fine homes and possessions, who require more coverage choices and higher limits than standard insurance policies. As of December 31, 2004, the Company had total assets of $44.3 billion.
Chubb Corporation is a Fortune 500 company. In 2010 Chubb Corporation was ranked number 176 on the Fortune 500 list, making it the 176th largest company in the United States when judged by revenue.
Chubb Corporation achieved revenue of $13,016.00 million in 2010 and earned a profit of $2,183.00 million.
Chubb Corporation' rank improves
The company ranking improved in 2010, moving up the Fortune 500 list to 176th compared to 203rd in 2009. This was based on its 2009 revenue of $13,221 million (a change of 0 million compared to 2010) and profits of $1,804 million (a change of $1 million compared to 2009).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Chubb Corporation would be ranked 64th rather than 176th due to its profits of $2,183 in 2010.
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