Chubb posts $4.1bn profit for 2016
Provider’s net written premiums come in at $28.15bn.
Chubb has reported a $1.61bn [£1.27bn] profit for the final quarter of 2016 taking the annual figure to $4.14bn.
The insurer, which was bought by Ace in January 2016, also reported "As If" figures for a comparison between 2016 and 2015.
Under this measurement net written premiums for property and casualty business dropped 5.1% to $26.88bn for the year.
It also fell 4.2% for the quarter to $6.39bn.
Integration
The combined operating ratio remained stable for the year at 88% (2015: 87.5%) and for
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