Exhibit 99.2
 TheChubbCorporation
    
    Supplementary
Investor
Information
    
    June 30, 2011
 This report is for informational purposes only. It should be read in conjunction with documents filed by
The Chubb Corporation with the Securities and Exchange Commission, including the most recent
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
    
    (CHUBB LOGO)




---



##### 



THE CHUBB CORPORATION
SUPPLEMENTARY INVESTOR INFORMATION
TABLE OF CONTENTS
JUNE 30, 2011
 PageThe Chubb Corporation:Consolidated Balance Sheet Highlights
    
    
    1Share Repurchase Activity
    
    
    2Summary of Invested Assets:Corporate
    
    
    3Property and Casualty
    
    
    3Investment Income After Taxes:Corporate
    
    
    4Property and Casualty
    
    
    4Property and Casualty Insurance Group:Statutory Policyholders Surplus
    
    
    4Change in Net Unpaid Losses
    
    
    5Underwriting Results  Year-To-Date
    
    
    6-10Underwriting Results  Quarterly
    
    
    11-15Definitions of Key Terms
    
    
    16-17




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##### 



THE CHUBB CORPORATION
 CONSOLIDATED BALANCE SHEET HIGHLIGHTS
 (in millions, except per share amounts)
 June 30
    
    
    Dec. 312011
    
    
    2010% of Total
    
    
    
    
    
    
    % of TotalInvested Assets(at carrying value)Short Term Investments
    
    $
    1,690
    
    
    
    4
    %
    
    $
    1,905
    
    
    
    4
    %Fixed MaturitiesTax Exempt
    
    
    20,164
    
    
    
    47
    
    
    
    19,774
    
    
    
    47Taxable
    
    
    17,203
    
    
    
    40
    
    
    
    16,745
    
    
    
    40Equity Securities
    
    
    1,663
    
    
    
    4
    
    
    
    1,550
    
    
    
    4Other Invested Assets
    
    
    2,337
    
    
    
    5
    
    
    
    2,239
    
    
    
    5Total Invested Assets
    
    $
    43,057
    
    
    
    100
    %
    
    $
    42,213
    
    
    
    100
    %Unrealized Appreciation of InvestmentsFixed Maturities
    
    $
    1,711
    
    
    
    
    
    
    $
    1,458Equity Securities
    
    
    371
    
    
    
    
    
    
    
    2652,082
    
    
    
    
    
    
    
    1,723Deferred Income Tax Liability
    
    
    729
    
    
    
    
    
    
    
    603$
    1,353
    
    
    
    
    
    
    $
    1,120CapitalizationLong Term Debt
    
    $
    3,975
    
    
    
    
    
    
    $
    3,975Shareholders Equity
    
    
    15,791
    
    
    
    
    
    
    
    15,530Total Capitalization
    
    $
    19,766
    
    
    
    
    
    
    $
    19,505Debt as a Percentage of Total Capitalization
    
    
    20.1
    %
    
    
    
    
    
    
    20.4
    %Actual Common Shares Outstanding
    
    
    285.9
    
    
    
    
    
    
    
    297.3Book Value Per Common Share
    
    $
    55.23
    
    
    
    
    
    
    $
    52.24Book Value Per Common Share,with
Available-for-Sale Fixed Maturities
at Amortized Cost
    
    $
    51.34
    
    
    
    
    
    
    $
    49.05
 Page  1 of 17




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##### 



THE CHUBB CORPORATION
 SHARE REPURCHASE ACTIVITY  (dollars in millions, except per share amounts)
 Periods Ended June 30Second
    
    
    Six
    
    
    FromQuarter
    
    
    Months
    
    
    December 20052011
    
    
    2011
    
    
    to June 30, 2011Cost of Shares Repurchased
    
    
    $455
    
    
    
    $842
    
    
    
    $8,802Average Cost Per Share
    
    
    $64.86
    
    
    
    $61.99
    
    
    
    $51.75Shares Repurchased
    
    
    7,026,590
    
    
    
    13,589,843
    
    
    
    170,097,547
   Page  2 of 17




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##### 



THE CHUBB CORPORATION
 SUMMARY OF INVESTED ASSETS
 CORPORATE
 Cost or
    
    
    CarryingAmortized Cost
    
    
    Value (a)June 30
    
    
    Dec. 31
    
    
    June 30
    
    
    Dec. 312011
    
    
    2010
    
    
    2011
    
    
    2010(in millions)Short Term Investments
    
    $
    594
    
    
    $
    817
    
    
    $
    594
    
    
    $
    817Taxable Fixed Maturities
    
    
    1,050
    
    
    
    1,154
    
    
    
    1,089
    
    
    
    1,197Equity Securities
    
    
    200
    
    
    
    205
    
    
    
    170
    
    
    
    171Other Invested Assets
    
    
    24
    
    
    
    23
    
    
    
    24
    
    
    
    23TOTAL
    
    $
    1,868
    
    
    $
    2,199
    
    
    $
    1,877
    
    
    $
    2,208
 PROPERTY AND CASUALTY
 Cost or
    
    
    CarryingAmortized Cost
    
    
    Value (a)June 30
    
    
    Dec. 31
    
    
    June 30
    
    
    Dec. 312011
    
    
    2010
    
    
    2011
    
    
    2010(in millions)Short Term Investments
    
    $
    1,096
    
    
    $
    1,088
    
    
    $
    1,096
    
    
    $
    1,088Fixed MaturitiesTax Exempt
    
    
    19,216
    
    
    
    19,072
    
    
    
    20,164
    
    
    
    19,774Taxable
    
    
    15,390
    
    
    
    14,835
    
    
    
    16,114
    
    
    
    15,548Equity Securities
    
    
    1,092
    
    
    
    1,080
    
    
    
    1,493
    
    
    
    1,379Other Invested Assets
    
    
    2,313
    
    
    
    2,216
    
    
    
    2,313
    
    
    
    2,216TOTAL
    
    $
    39,107
    
    
    $
    38,291
    
    
    $
    41,180
    
    
    $
    40,005
 
 (a)
    
    Short term investments are carried at amortized cost, which approximates fair value. Fixed
maturities and equity securities are carried at fair value. Other invested assets include
private equity limited partnerships carried at Chubbs equity in the net assets of the
partnerships. Page  3 of 17




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##### 



THE CHUBB CORPORATION
 INVESTMENT INCOME AFTER TAXES
 Periods Ended June 30Second Quarter
    
    
    Six Months2011
    
    
    2010
    
    
    2011
    
    
    2010(in millions)CORPORATE INVESTMENT INCOME
    
    $
    6
    
    
    $
    22
    
    
    $
    14
    
    
    $
    30PROPERTY AND CASUALTY INVESTMENT INCOMETax Exempt Interest
    
    $
    193
    
    
    $
    190
    
    
    $
    385
    
    
    $
    379Taxable Interest
    
    
    117
    
    
    
    114
    
    
    
    233
    
    
    
    235Other
    
    
    15
    
    
    
    12
    
    
    
    24
    
    
    
    21Investment Expenses
    
    
    (7
    )
    
    
    (5
    )
    
    
    (14
    )
    
    
    (11
    )TOTAL
    
    $
    318
    
    
    $
    311
    
    
    $
    628
    
    
    $
    624Effective Tax Rate
    
    
    19.3
    %
    
    
    19.2
    %
    
    
    19.0
    %
    
    
    19.2
    %After-Tax Annualized Yield
    
    
    3.24
    %
    
    
    3.26
    %
    
    
    3.22
    %
    
    
    3.26
    %
  STATUTORY POLICYHOLDERS SURPLUS
 June 30
    
    
    Dec. 31
    
    
    June 302011
    
    
    2010
    
    
    2010(in millions)Estimated Statutory Policyholders Surplus
    
    $
    15,000
    
    
    $
    14,539
    
    
    $
    14,400Rolling Year Statutory Net
Premiums Written
    
    $
    11,532
    
    
    $
    11,262
    
    
    $
    11,151Ratio of Statutory Net Premiums Written
to Policyholders Surplus
    
    
    0.77:1
    
    
    
    0.77:1
    
    
    
    0.77:1
  Page  4 of 17




---



##### 



THE CHUBB CORPORATION
 PROPERTY AND CASUALTY
 CHANGE IN NET UNPAID LOSSES
SIX MONTHS ENDED JUNE 30, 2011
 All OtherNet Unpaid Losses
    
    
    IBNR
    
    
    Unpaid LossesIncrease
    
    
    Increase
    
    
    Increase6/30/11
    
    
    12/31/10
    
    
    (Decrease)
    
    
    (Decrease)
    
    
    (Decrease)(in millions)Personal InsuranceAutomobile
    
    $
    409
    
    
    $
    395
    
    
    $
    14
    
    
    $
    3
    
    
    $
    11Homeowners
    
    
    782
    
    
    
    692
    
    
    
    90
    
    
    
    71
    
    
    
    19Other
    
    
    885
    
    
    
    877
    
    
    
    8
    
    
    
    (2
    )
    
    
    10Total Personal
    
    
    2,076
    
    
    
    1,964
    
    
    
    112
    
    
    
    72
    
    
    
    40Commercial InsuranceMultiple Peril
    
    
    1,834
    
    
    
    1,705
    
    
    
    129
    
    
    
    60
    
    
    
    69Casualty
    
    
    6,213
    
    
    
    6,141
    
    
    
    72
    
    
    
    127
    
    
    
    (55
    )Workers Compensation
    
    
    2,304
    
    
    
    2,234
    
    
    
    70
    
    
    
    69
    
    
    
    1Property and Marine
    
    
    1,076
    
    
    
    819
    
    
    
    257
    
    
    
    146
    
    
    
    111Total Commercial
    
    
    11,427
    
    
    
    10,899
    
    
    
    528
    
    
    
    402
    
    
    
    126Specialty InsuranceProfessional Liability
    
    
    7,391
    
    
    
    7,388
    
    
    
    3
    
    
    
    (8
    )
    
    
    11Surety
    
    
    67
    
    
    
    58
    
    
    
    9
    
    
    
    
    
    
    
    9Total Specialty
    
    
    7,458
    
    
    
    7,446
    
    
    
    12
    
    
    
    (8
    )
    
    
    20Total Insurance
    
    
    20,961
    
    
    
    20,309
    
    
    
    652
    
    
    
    466
    
    
    
    186Reinsurance Assumed
    
    
    530
    
    
    
    592
    
    
    
    (62
    )
    
    
    (61
    )
    
    
    (1
    )Total
    
    $
    21,491
    
    
    $
    20,901
    
    
    $
    590
    
    
    $
    405
    
    
    $
    185
 Page  5 of 17




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##### 



THE CHUBB CORPORATION  WORLDWIDE  PROPERTY AND CASUALTY UNDERWRITING RESULTS  FOR THE SIX MONTHS ENDED JUNE 30, 2011 AND 2010
(DOLLARS IN MILLIONS)
 Personal
    
    
    
    
    
    
    
    
    
    
    Other
    
    
    TotalAutomobile
    
    
    Homeowners
    
    
    Personal
    
    
    Personal2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010Net Premiums Written
    
    $
    343
    
    
    $
    314
    
    
    $
    1,214
    
    
    $
    1,164
    
    
    $
    400
    
    
    $
    404
    
    
    $
    1,957
    
    
    $
    1,882Decrease (Increase) in
Unearned Premiums
    
    
    (13
    )
    
    
    (10
    )
    
    
    (4
    )
    
    
    13
    
    
    
    (3
    )
    
    
    (27
    )
    
    
    (20
    )
    
    
    (24
    )Net Premiums Earned
    
    
    330
    
    
    
    304
    
    
    
    1,210
    
    
    
    1,177
    
    
    
    397
    
    
    
    377
    
    
    
    1,937
    
    
    
    1,858Net Losses Paid
    
    
    193
    
    
    
    191
    
    
    
    662
    
    
    
    705
    
    
    
    233
    
    
    
    220
    
    
    
    1,088
    
    
    
    1,116Increase (Decrease) in
Outstanding Losses
    
    
    10
    
    
    
    (6
    )
    
    
    85
    
    
    
    122
    
    
    
    
    
    
    
    (7
    )
    
    
    95
    
    
    
    109Net Losses Incurred
    
    
    203
    
    
    
    185
    
    
    
    747
    
    
    
    827
    
    
    
    233
    
    
    
    213
    
    
    
    1,183
    
    
    
    1,225Expenses Incurred
    
    
    106
    
    
    
    94
    
    
    
    417
    
    
    
    390
    
    
    
    147
    
    
    
    131
    
    
    
    670
    
    
    
    615Dividends Incurred
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Statutory Underwriting
Income (Loss)
    
    $
    21
    
    
    $
    25
    
    
    $
    46
    
    
    $
    (40
    )
    
    $
    17
    
    
    $
    33
    
    
    $
    84
    
    
    $
    18Ratios After Dividends
to Policyholders:Loss
    
    
    61.5
    %
    
    
    60.9
    %
    
    
    61.7
    %
    
    
    70.3
    %
    
    
    58.7
    %
    
    
    56.5
    %
    
    
    61.1
    %
    
    
    65.9
    %Expense
    
    
    30.9
    
    
    
    29.9
    
    
    
    34.4
    
    
    
    33.5
    
    
    
    36.7
    
    
    
    32.4
    
    
    
    34.2
    
    
    
    32.7Combined
    
    
    92.4
    %
    
    
    90.8
    %
    
    
    96.1
    %
    
    
    103.8
    %
    
    
    95.4
    %
    
    
    88.9
    %
    
    
    95.3
    %
    
    
    98.6
    %Premiums Written as a % of Total
    
    
    5.8
    %
    
    
    5.6
    %
    
    
    20.5
    %
    
    
    20.6
    %
    
    
    6.8
    %
    
    
    7.1
    %
    
    
    33.1
    %
    
    
    33.3
    %
 Page 6 of 17




---



##### 



THE CHUBB CORPORATION  WORLDWIDE  PROPERTY AND CASUALTY UNDERWRITING RESULTS  FOR THE SIX MONTHS ENDED JUNE 30, 2011 AND 2010
(DOLLARS IN MILLIONS)
 Commercial
    
    
    CommercialCommercial
    
    
    Commercial
    
    
    Workers
    
    
    Property
    
    
    TotalMultiple Peril
    
    
    Casualty
    
    
    Compensation
    
    
    and Marine
    
    
    Commercial2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010Net Premiums Written
    
    $
    562
    
    
    $
    540
    
    
    $
    855
    
    
    $
    812
    
    
    $
    463
    
    
    $
    409
    
    
    $
    756
    
    
    $
    691
    
    
    $
    2,636
    
    
    $
    2,452Decrease (Increase) in
Unearned Premiums
    
    
    5
    
    
    
    16
    
    
    
    (50
    )
    
    
    (49
    )
    
    
    (60
    )
    
    
    (40
    )
    
    
    (88
    )
    
    
    (63
    )
    
    
    (193
    )
    
    
    (136
    )Net Premiums Earned
    
    
    567
    
    
    
    556
    
    
    
    805
    
    
    
    763
    
    
    
    403
    
    
    
    369
    
    
    
    668
    
    
    
    628
    
    
    
    2,443
    
    
    
    2,316Net Losses Paid
    
    
    306
    
    
    
    259
    
    
    
    433
    
    
    
    373
    
    
    
    207
    
    
    
    201
    
    
    
    329
    
    
    
    302
    
    
    
    1,275
    
    
    
    1,135Increase (Decrease) in
Outstanding Losses
    
    
    124
    
    
    
    107
    
    
    
    17
    
    
    
    100
    
    
    
    65
    
    
    
    37
    
    
    
    248
    
    
    
    58
    
    
    
    454
    
    
    
    302Net Losses Incurred
    
    
    430
    
    
    
    366
    
    
    
    450
    
    
    
    473
    
    
    
    272
    
    
    
    238
    
    
    
    577
    
    
    
    360
    
    
    
    1,729
    
    
    
    1,437Expenses Incurred
    
    
    215
    
    
    
    204
    
    
    
    238
    
    
    
    225
    
    
    
    98
    
    
    
    95
    
    
    
    247
    
    
    
    231
    
    
    
    798
    
    
    
    755Dividends Incurred
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    14
    
    
    
    13
    
    
    
    
    
    
    
    
    
    
    
    14
    
    
    
    13Statutory Underwriting
Income (Loss)
    
    $
    (78
    )
    
    $
    (14
    )
    
    $
    117
    
    
    $
    65
    
    
    $
    19
    
    
    $
    23
    
    
    $
    (156
    )
    
    $
    37
    
    
    $
    (98
    )
    
    $
    111Ratios After Dividends
to Policyholders:Loss
    
    
    75.8
    %
    
    
    65.8
    %
    
    
    55.9
    %
    
    
    62.0
    %
    
    
    70.0
    %
    
    
    66.8
    %
    
    
    86.4
    %
    
    
    57.4
    %
    
    
    71.2
    %
    
    
    62.4
    %Expense
    
    
    38.3
    
    
    
    37.8
    
    
    
    27.8
    
    
    
    27.7
    
    
    
    21.8
    
    
    
    24.0
    
    
    
    32.7
    
    
    
    33.4
    
    
    
    30.4
    
    
    
    31.0Combined
    
    
    114.1
    %
    
    
    103.6
    %
    
    
    83.7
    %
    
    
    89.7
    %
    
    
    91.8
    %
    
    
    90.8
    %
    
    
    119.1
    %
    
    
    90.8
    %
    
    
    101.6
    %
    
    
    93.4
    %Premiums Written
as a % of Total
    
    
    9.5
    %
    
    
    9.6
    %
    
    
    14.5
    %
    
    
    14.4
    %
    
    
    7.8
    %
    
    
    7.2
    %
    
    
    12.8
    %
    
    
    12.2
    %
    
    
    44.6
    %
    
    
    43.4
    %
 Page 7 of 17




---



##### 



THE CHUBB CORPORATION  WORLDWIDE  PROPERTY AND CASUALTY UNDERWRITING RESULTS  FOR THE SIX MONTHS ENDED JUNE 30, 2011 AND 2010
(DOLLARS IN MILLIONS)
 Professional
    
    
    
    
    
    
    
    
    
    
    TotalLiability
    
    
    Surety
    
    
    Specialty2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010Net Premiums Written
    
    $
    1,146
    
    
    $
    1,153
    
    
    $
    173
    
    
    $
    159
    
    
    $
    1,319
    
    
    $
    1,312Decrease (Increase) in
Unearned Premiums
    
    
    74
    
    
    
    79
    
    
    
    (9
    )
    
    
    8
    
    
    
    65
    
    
    
    87Net Premiums Earned
    
    
    1,220
    
    
    
    1,232
    
    
    
    164
    
    
    
    167
    
    
    
    1,384
    
    
    
    1,399Net Losses Paid
    
    
    782
    
    
    
    794
    
    
    
    15
    
    
    
    8
    
    
    
    797
    
    
    
    802Increase (Decrease) in
Outstanding Losses
    
    
    (93
    )
    
    
    (70
    )
    
    
    8
    
    
    
    4
    
    
    
    (85
    )
    
    
    (66
    )Net Losses Incurred
    
    
    689
    
    
    
    724
    
    
    
    23
    
    
    
    12
    
    
    
    712
    
    
    
    736Expenses Incurred
    
    
    334
    
    
    
    322
    
    
    
    57
    
    
    
    57
    
    
    
    391
    
    
    
    379Dividends Incurred
    
    
    
    
    
    
    
    
    
    
    2
    
    
    
    3
    
    
    
    2
    
    
    
    3Statutory Underwriting
Income (Loss)
    
    $
    197
    
    
    $
    186
    
    
    $
    82
    
    
    $
    95
    
    
    $
    279
    
    
    $
    281Ratios After Dividends
to Policyholders:Loss
    
    
    56.5
    %
    
    
    58.8
    %
    
    
    14.2
    %
    
    
    7.3
    %
    
    
    51.5
    %
    
    
    52.7
    %Expense
    
    
    29.1
    
    
    
    27.9
    
    
    
    33.3
    
    
    
    36.6
    
    
    
    29.7
    
    
    
    29.0Combined
    
    
    85.6
    %
    
    
    86.7
    %
    
    
    47.5
    %
    
    
    43.9
    %
    
    
    81.2
    %
    
    
    81.7
    %Premiums Written
as a % of Total
    
    
    19.4
    %
    
    
    20.4
    %
    
    
    2.9
    %
    
    
    2.8
    %
    
    
    22.3
    %
    
    
    23.2
    %
 Page 8 of 17




---



##### 



THE CHUBB CORPORATION  WORLDWIDE  PROPERTY AND CASUALTY UNDERWRITING RESULTS  FOR THE SIX MONTHS ENDED JUNE 30, 2011 AND 2010
(DOLLARS IN MILLIONS)
 Total
    
    
    Reinsurance
    
    
    WorldwideInsurance
    
    
    Assumed
    
    
    Total2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010Net Premiums Written
    
    $
    5,912
    
    
    $
    5,646
    
    
    $
    2
    
    
    $
    5
    
    
    $
    5,914
    
    
    $
    5,651Decrease (Increase) in
Unearned Premiums
    
    
    (148
    )
    
    
    (73
    )
    
    
    1
    
    
    
    3
    
    
    
    (147
    )
    
    
    (70
    )Net Premiums Earned
    
    
    5,764
    
    
    
    5,573
    
    
    
    3
    
    
    
    8
    
    
    
    5,767
    
    
    
    5,581Net Losses Paid
    
    
    3,160
    
    
    
    3,053
    
    
    
    50
    
    
    
    65
    
    
    
    3,210
    
    
    
    3,118Increase (Decrease) in
Outstanding Losses
    
    
    464
    
    
    
    345
    
    
    
    (62
    )
    
    
    (73
    )
    
    
    402
    
    
    
    272Net Losses Incurred
    
    
    3,624
    
    
    
    3,398
    
    
    
    (12
    )
    
    
    (8
    )
    
    
    3,612
    
    
    
    3,390Expenses Incurred
    
    
    1,859
    
    
    
    1,749
    
    
    
    
    
    
    
    2
    
    
    
    1,859
    
    
    
    1,751Dividends Incurred
    
    
    16
    
    
    
    16
    
    
    
    
    
    
    
    
    
    
    
    16
    
    
    
    16Statutory Underwriting
Income
    
    $
    265
    
    
    $
    410
    
    
    $
    15
    
    
    $
    14
    
    
    
    280
    
    
    
    424Increase in Deferred
Acquisition Costs
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    57
    
    
    
    43GAAP Underwriting Income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    337
    
    
    $
    467Ratios After Dividends
to Policyholders:Loss
    
    
    63.1
    %
    
    
    61.1
    %
    
    
    *
    %
    
    
    *
    %
    
    
    62.8
    %
    
    
    60.9
    %Expense
    
    
    31.5
    
    
    
    31.1
    
    
    
    *
    
    
    
    *
    
    
    
    31.5
    
    
    
    31.1Combined
    
    
    94.6
    %
    
    
    92.2
    %
    
    
    *
    %
    
    
    *
    %
    
    
    94.3
    %
    
    
    92.0
    %Premiums Written
as a % of Total
    
    
    100.0
    %
    
    
    99.9
    %
    
    
    0.0
    %
    
    
    0.1
    %
    
    
    100.0
    %
    
    
    100.0
    %
 
 *
    
    Combined, loss and expense ratios are no longer presented for Reinsurance Assumed since this business is in run-off. Page 9 of 17




---



##### 



THE CHUBB CORPORATION  WORLDWIDE  PROPERTY AND CASUALTY UNDERWRITING RESULTS  FOR THE SIX MONTHS ENDED JUNE 30, 2011 AND 2010
(DOLLARS IN MILLIONS)
 Outsidethe
    
    
    WorldwideUnited States
    
    
    United States
    
    
    Total2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010Net Premiums Written
    
    $
    4,233
    
    
    $
    4,147
    
    
    $
    1,681
    
    
    $
    1,504
    
    
    $
    5,914
    
    
    $
    5,651Decrease (Increase) in
Unearned Premiums
    
    
    (40
    )
    
    
    26
    
    
    
    (107
    )
    
    
    (96
    )
    
    
    (147
    )
    
    
    (70
    )Net Premiums Earned
    
    
    4,193
    
    
    
    4,173
    
    
    
    1,574
    
    
    
    1,408
    
    
    
    5,767
    
    
    
    5,581Net Losses Paid
    
    
    2,428
    
    
    
    2,466
    
    
    
    782
    
    
    
    652
    
    
    
    3,210
    
    
    
    3,118Increase (Decrease) in
Outstanding Losses
    
    
    246
    
    
    
    238
    
    
    
    156
    
    
    
    34
    
    
    
    402
    
    
    
    272Net Losses Incurred
    
    
    2,674
    
    
    
    2,704
    
    
    
    938
    
    
    
    686
    
    
    
    3,612
    
    
    
    3,390Expenses Incurred
    
    
    1,261
    
    
    
    1,223
    
    
    
    598
    
    
    
    528
    
    
    
    1,859
    
    
    
    1,751Dividends Incurred
    
    
    16
    
    
    
    16
    
    
    
    
    
    
    
    
    
    
    
    16
    
    
    
    16Statutory Underwriting
Income
    
    $
    242
    
    
    $
    230
    
    
    $
    38
    
    
    $
    194
    
    
    
    280
    
    
    
    424Increase in Deferred
Acquisition Costs
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    57
    
    
    
    43GAAP Underwriting Income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    337
    
    
    $
    467Ratios After Dividends
to Policyholders:Loss
    
    
    64.0
    %
    
    
    65.0
    %
    
    
    59.6
    %
    
    
    48.7
    %
    
    
    62.8
    %
    
    
    60.9
    %Expense
    
    
    29.9
    
    
    
    29.6
    
    
    
    35.6
    
    
    
    35.1
    
    
    
    31.5
    
    
    
    31.1Combined
    
    
    93.9
    %
    
    
    94.6
    %
    
    
    95.2
    %
    
    
    83.8
    %
    
    
    94.3
    %
    
    
    92.0
    %Premiums Written
as a % of Total
    
    
    71.6
    %
    
    
    73.4
    %
    
    
    28.4
    %
    
    
    26.6
    %
    
    
    100.0
    %
    
    
    100.0
    %
 Page 10 of 17




---



##### 



THE CHUBB CORPORATION  WORLDWIDE  PROPERTY AND CASUALTY UNDERWRITING RESULTS  FOR THE QUARTERS ENDED JUNE 30, 2011 AND 2010
(DOLLARS IN MILLIONS)
 Personal
    
    
    
    
    
    
    
    
    
    
    Other
    
    
    TotalAutomobile
    
    
    Homeowners
    
    
    Personal
    
    
    Personal2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010Net Premiums Written
    
    $
    181
    
    
    $
    168
    
    
    $
    681
    
    
    $
    647
    
    
    $
    201
    
    
    $
    193
    
    
    $
    1,063
    
    
    $
    1,008Decrease (Increase) in
Unearned Premiums
    
    
    (14
    )
    
    
    (14
    )
    
    
    (72
    )
    
    
    (60
    )
    
    
    3
    
    
    
    (1
    )
    
    
    (83
    )
    
    
    (75
    )Net Premiums Earned
    
    
    167
    
    
    
    154
    
    
    
    609
    
    
    
    587
    
    
    
    204
    
    
    
    192
    
    
    
    980
    
    
    
    933Net Losses Paid
    
    
    97
    
    
    
    97
    
    
    
    353
    
    
    
    429
    
    
    
    125
    
    
    
    121
    
    
    
    575
    
    
    
    647Increase (Decrease) in
Outstanding Losses
    
    
    5
    
    
    
    (3
    )
    
    
    41
    
    
    
    (63
    )
    
    
    (1
    )
    
    
    (12
    )
    
    
    45
    
    
    
    (78
    )Net Losses Incurred
    
    
    102
    
    
    
    94
    
    
    
    394
    
    
    
    366
    
    
    
    124
    
    
    
    109
    
    
    
    620
    
    
    
    569Expenses Incurred
    
    
    56
    
    
    
    49
    
    
    
    225
    
    
    
    208
    
    
    
    76
    
    
    
    65
    
    
    
    357
    
    
    
    322Dividends Incurred
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Statutory Underwriting
Income (Loss)
    
    $
    9
    
    
    $
    11
    
    
    $
    (10
    )
    
    $
    13
    
    
    $
    4
    
    
    $
    18
    
    
    $
    3
    
    
    $
    42Ratios After Dividends
to Policyholders:Loss
    
    
    61.1
    %
    
    
    61.0
    %
    
    
    64.7
    %
    
    
    62.4
    %
    
    
    60.8
    %
    
    
    56.8
    %
    
    
    63.3
    %
    
    
    61.0
    %Expense
    
    
    30.9
    
    
    
    29.2
    
    
    
    33.0
    
    
    
    32.1
    
    
    
    37.8
    
    
    
    33.7
    
    
    
    33.6
    
    
    
    31.9Combined
    
    
    92.0
    %
    
    
    90.2
    %
    
    
    97.7
    %
    
    
    94.5
    %
    
    
    98.6
    %
    
    
    90.5
    %
    
    
    96.9
    %
    
    
    92.9
    %Premiums Written
as a % of Total
    
    
    5.9
    %
    
    
    5.8
    %
    
    
    22.3
    %
    
    
    22.4
    %
    
    
    6.6
    %
    
    
    6.7
    %
    
    
    34.8
    %
    
    
    34.9
    %
 Page 11 of 17




---



##### 



THE CHUBB CORPORATION  WORLDWIDE  PROPERTY AND CASUALTY UNDERWRITING RESULTS  FOR THE QUARTERS ENDED JUNE 30, 2011 AND 2010
(DOLLARS IN MILLIONS)
 Commercial
    
    
    CommercialCommercial
    
    
    Commercial
    
    
    Workers
    
    
    Property
    
    
    TotalMultiple Peril
    
    
    Casualty
    
    
    Compensation
    
    
    and Marine
    
    
    Commercial2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010Net Premiums Written
    
    $
    295
    
    
    $
    286
    
    
    $
    419
    
    
    $
    398
    
    
    $
    220
    
    
    $
    187
    
    
    $
    376
    
    
    $
    338
    
    
    $
    1,310
    
    
    $
    1,209Decrease (Increase) in
Unearned Premiums
    
    
    (10
    )
    
    
    1
    
    
    
    (14
    )
    
    
    (21
    )
    
    
    (14
    )
    
    
    (4
    )
    
    
    (38
    )
    
    
    (21
    )
    
    
    (76
    )
    
    
    (45
    )Net Premiums Earned
    
    
    285
    
    
    
    287
    
    
    
    405
    
    
    
    377
    
    
    
    206
    
    
    
    183
    
    
    
    338
    
    
    
    317
    
    
    
    1,234
    
    
    
    1,164Net Losses Paid
    
    
    156
    
    
    
    130
    
    
    
    274
    
    
    
    198
    
    
    
    109
    
    
    
    108
    
    
    
    176
    
    
    
    163
    
    
    
    715
    
    
    
    599Increase (Decrease) in
Outstanding Losses
    
    
    83
    
    
    
    40
    
    
    
    (47
    )
    
    
    41
    
    
    
    34
    
    
    
    8
    
    
    
    95
    
    
    
    24
    
    
    
    165
    
    
    
    113Net Losses Incurred
    
    
    239
    
    
    
    170
    
    
    
    227
    
    
    
    239
    
    
    
    143
    
    
    
    116
    
    
    
    271
    
    
    
    187
    
    
    
    880
    
    
    
    712Expenses Incurred
    
    
    113
    
    
    
    103
    
    
    
    117
    
    
    
    110
    
    
    
    47
    
    
    
    47
    
    
    
    124
    
    
    
    118
    
    
    
    401
    
    
    
    378Dividends Incurred
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    7
    
    
    
    6
    
    
    
    
    
    
    
    
    
    
    
    7
    
    
    
    6Statutory Underwriting
Income (Loss)
    
    $
    (67
    )
    
    $
    14
    
    
    $
    61
    
    
    $
    28
    
    
    $
    9
    
    
    $
    14
    
    
    $
    (57
    )
    
    $
    12
    
    
    $
    (54
    )
    
    $
    68Ratios After Dividends
to Policyholders:Loss
    
    
    83.9
    %
    
    
    59.2
    %
    
    
    56.1
    %
    
    
    63.4
    %
    
    
    71.8
    %
    
    
    65.5
    %
    
    
    80.2
    %
    
    
    59.0
    %
    
    
    71.7
    %
    
    
    61.5
    %Expense
    
    
    38.3
    
    
    
    36.0
    
    
    
    27.9
    
    
    
    27.6
    
    
    
    22.1
    
    
    
    26.0
    
    
    
    33.0
    
    
    
    34.9
    
    
    
    30.8
    
    
    
    31.4Combined
    
    
    122.2
    %
    
    
    95.2
    %
    
    
    84.0
    %
    
    
    91.0
    %
    
    
    93.9
    %
    
    
    91.5
    %
    
    
    113.2
    %
    
    
    93.9
    %
    
    
    102.5
    %
    
    
    92.9
    %Premiums Written
as a % of Total
    
    
    9.7
    %
    
    
    9.9
    %
    
    
    13.7
    %
    
    
    13.8
    %
    
    
    7.2
    %
    
    
    6.5
    %
    
    
    12.3
    %
    
    
    11.7
    %
    
    
    42.9
    %
    
    
    41.9
    %
 Page 12 of 17




---



##### 



THE CHUBB CORPORATION  WORLDWIDE  PROPERTY AND CASUALTY UNDERWRITING RESULTS  FOR THE QUARTERS ENDED JUNE 30, 2011 AND 2010
(DOLLARS IN MILLIONS)
 Professional
    
    
    
    
    
    
    
    
    
    
    TotalLiability
    
    
    Surety
    
    
    Specialty2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010Net Premiums Written
    
    $
    595
    
    
    $
    583
    
    
    $
    85
    
    
    $
    83
    
    
    $
    680
    
    
    $
    666Decrease (Increase) in
Unearned Premiums
    
    
    21
    
    
    
    29
    
    
    
    (4
    )
    
    
    3
    
    
    
    17
    
    
    
    32Net Premiums Earned
    
    
    616
    
    
    
    612
    
    
    
    81
    
    
    
    86
    
    
    
    697
    
    
    
    698Net Losses Paid
    
    
    420
    
    
    
    407
    
    
    
    9
    
    
    
    3
    
    
    
    429
    
    
    
    410Increase (Decrease) in
Outstanding Losses
    
    
    (73
    )
    
    
    (41
    )
    
    
    (1
    )
    
    
    7
    
    
    
    (74
    )
    
    
    (34
    )Net Losses Incurred
    
    
    347
    
    
    
    366
    
    
    
    8
    
    
    
    10
    
    
    
    355
    
    
    
    376Expenses Incurred
    
    
    168
    
    
    
    160
    
    
    
    29
    
    
    
    29
    
    
    
    197
    
    
    
    189Dividends Incurred
    
    
    
    
    
    
    
    
    
    
    1
    
    
    
    2
    
    
    
    1
    
    
    
    2Statutory Underwriting
Income (Loss)
    
    $
    101
    
    
    $
    86
    
    
    $
    43
    
    
    $
    45
    
    
    $
    144
    
    
    $
    131Ratios After Dividends
to Policyholders:Loss
    
    
    56.4
    %
    
    
    59.8
    %
    
    
    10.0
    %
    
    
    11.9
    %
    
    
    51.0
    %
    
    
    54.0
    %Expense
    
    
    28.2
    
    
    
    27.4
    
    
    
    34.5
    
    
    
    35.8
    
    
    
    29.0
    
    
    
    28.5Combined
    
    
    84.6
    %
    
    
    87.2
    %
    
    
    44.5
    %
    
    
    47.7
    %
    
    
    80.0
    %
    
    
    82.5
    %Premiums Written
as a % of Total
    
    
    19.5
    %
    
    
    20.2
    %
    
    
    2.8
    %
    
    
    2.9
    %
    
    
    22.3
    %
    
    
    23.1
    %
 Page 13 of 17




---



##### 



THE CHUBB CORPORATION  WORLDWIDE  PROPERTY AND CASUALTY UNDERWRITING RESULTS  FOR THE QUARTERS ENDED JUNE 30, 2011 AND 2010
(DOLLARS IN MILLIONS)
 Total
    
    
    Reinsurance
    
    
    WorldwideInsurance
    
    
    Assumed
    
    
    Total2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010Net Premiums Written
    
    $
    3,053
    
    
    $
    2,883
    
    
    $
    2
    
    
    $
    3
    
    
    $
    3,055
    
    
    $
    2,886Decrease (Increase) in
Unearned Premiums
    
    
    (142
    )
    
    
    (88
    )
    
    
    
    
    
    
    1
    
    
    
    (142
    )
    
    
    (87
    )Net Premiums Earned
    
    
    2,911
    
    
    
    2,795
    
    
    
    2
    
    
    
    4
    
    
    
    2,913
    
    
    
    2,799Net Losses Paid
    
    
    1,719
    
    
    
    1,656
    
    
    
    24
    
    
    
    30
    
    
    
    1,743
    
    
    
    1,686Increase (Decrease) in
Outstanding Losses
    
    
    136
    
    
    
    1
    
    
    
    (32
    )
    
    
    (27
    )
    
    
    104
    
    
    
    (26
    )Net Losses Incurred
    
    
    1,855
    
    
    
    1,657
    
    
    
    (8
    )
    
    
    3
    
    
    
    1,847
    
    
    
    1,660Expenses Incurred
    
    
    955
    
    
    
    889
    
    
    
    
    
    
    
    
    
    
    
    955
    
    
    
    889Dividends Incurred
    
    
    8
    
    
    
    8
    
    
    
    
    
    
    
    
    
    
    
    8
    
    
    
    8Statutory Underwriting
Income
    
    $
    93
    
    
    $
    241
    
    
    $
    10
    
    
    $
    1
    
    
    
    103
    
    
    
    242Increase in Deferred
Acquisition Costs
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    32
    
    
    
    21GAAP Underwriting Income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    135
    
    
    $
    263Ratios After Dividends
to Policyholders:Loss
    
    
    63.9
    %
    
    
    59.5
    %
    
    
    *
    %
    
    
    *
    %
    
    
    63.6
    %
    
    
    59.5
    %Expense
    
    
    31.4
    
    
    
    30.9
    
    
    
    *
    
    
    
    *
    
    
    
    31.3
    
    
    
    30.9Combined
    
    
    95.3
    %
    
    
    90.4
    %
    
    
      *
    %
    
    
    *
    %
    
    
    94.9
    %
    
    
    90.4
    %Premiums Written
as a % of Total
    
    
    100.0
    %
    
    
    99.9
    %
    
    
    0.0
    %
    
    
    0.1
    %
    
    
    100.0
    %
    
    
    100.0
    %
 
 *
    
    Combined, loss and expense ratios are no longer presented for Reinsurance Assumed since this business is in run-off. Page 14 of 17




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##### 



THE CHUBB CORPORATION  WORLDWIDE  PROPERTY AND CASUALTY UNDERWRITING RESULTS  FOR THE QUARTERS ENDED JUNE 30, 2011 AND 2010
(DOLLARS IN MILLIONS)
 Outsidethe
    
    
    WorldwideUnited States
    
    
    United States
    
    
    Total2011
    
    
    2010
    
    
    2011
    
    
    2010
    
    
    2011
    
    
    2010Net Premiums Written
    
    $
    2,271
    
    
    $
    2,199
    
    
    $
    784
    
    
    $
    687
    
    
    $
    3,055
    
    
    $
    2,886Decrease (Increase) in
Unearned Premiums
    
    
    (165
    )
    
    
    (122
    )
    
    
    23
    
    
    
    35
    
    
    
    (142
    )
    
    
    (87
    )Net Premiums Earned
    
    
    2,106
    
    
    
    2,077
    
    
    
    807
    
    
    
    722
    
    
    
    2,913
    
    
    
    2,799Net Losses Paid
    
    
    1,283
    
    
    
    1,360
    
    
    
    460
    
    
    
    326
    
    
    
    1,743
    
    
    
    1,686Increase (Decrease) in
Outstanding Losses
    
    
    150
    
    
    
    (15
    )
    
    
    (46
    )
    
    
    (11
    )
    
    
    104
    
    
    
    (26
    )Net Losses Incurred
    
    
    1,433
    
    
    
    1,345
    
    
    
    414
    
    
    
    315
    
    
    
    1,847
    
    
    
    1,660Expenses Incurred
    
    
    664
    
    
    
    634
    
    
    
    291
    
    
    
    255
    
    
    
    955
    
    
    
    889Dividends Incurred
    
    
    8
    
    
    
    8
    
    
    
    
    
    
    
    
    
    
    
    8
    
    
    
    8Statutory Underwriting
Income
    
    $
    1
    
    
    $
    90
    
    
    $
    102
    
    
    $
    152
    
    
    
    103
    
    
    
    242Increase in Deferred
Acquisition Costs
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    32
    
    
    
    21GAAP Underwriting Income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    135
    
    
    $
    263Ratios After Dividends
to Policyholders:Loss
    
    
    68.3
    %
    
    
    65.0
    %
    
    
    51.3
    %
    
    
    43.6
    %
    
    
    63.6
    %
    
    
    59.5
    %Expense
    
    
    29.3
    
    
    
    28.9
    
    
    
    37.1
    
    
    
    37.1
    
    
    
    31.3
    
    
    
    30.9Combined
    
    
    97.6
    %
    
    
    93.9
    %
    
    
    88.4
    %
    
    
    80.7
    %
    
    
    94.9
    %
    
    
    90.4
    %Premiums Written
as a % of Total
    
    
    74.3
    %
    
    
    76.2
    %
    
    
    25.7
    %
    
    
    23.8
    %
    
    
    100.0
    %
    
    
    100.0
    %
 Page 15 of 17




---



##### 



THE CHUBB CORPORATION
 Definitions of Key Terms
 Underwriting Income (Loss)
   Property and Casualty Investment Income After Income Tax
  Book Value per Common Share with Available-for-Sale Fixed Maturities at Amortized Cost
  Combined Loss and Expense Ratio or Combined Ratio
  Page 16 of 17




---



##### 



THE CHUBB CORPORATION
 Definitions of Key Terms
 Operating Income
  Return on Equity and Operating Return on Equity
   Periods Ended June 30Second Quarter
    
    
    Six Months2011
    
    
    2010
    
    
    2011
    
    
    2010(dollars in millions)Annualized Net Income
    
    $
    1,676
    
    
    $
    2,072
    
    
    $
    1,856
    
    
    $
    1,964Average Shareholders Equity
    
    $
    15,685
    
    
    $
    15,637
    
    
    $
    15,633
    
    
    $
    15,636Return on Equity
    
    
    10.7
    %
    
    
    13.3
    %
    
    
    11.9
    %
    
    
    12.6
    %Annualized Operating Income
    
    $
    1,496
    
    
    $
    1,840
    
    
    $
    1,558
    
    
    $
    1,682Average Shareholders Equity Excluding
Unrealized Appreciation or Depreciation
    
    $
    14,477
    
    
    $
    14,455
    
    
    $
    14,454
    
    
    $
    14,500Operating Return on Equity
    
    
    10.3
    %
    
    
    12.7
    %
    
    
    10.8
    %
    
    
    11.6
    %
 Page 17 of 17