Chubb Ltd. on Tuesday reported that its net income for the first quarter increased 149%, in what Chief Executive Officer Evan Greenberg called “a very good quarter.”
First-quarter net income rose to $1.09 billion, up from $439 million in the prior year quarter.
However, interpreting the quarterly results is complicated by Chubb Corp.’s acquisition by Ace, a transaction that was finalized on Jan. 14, 2016. The combined organization operates under the Chubb name.
Comparing results as if Chubb were one company for the full quarter last year, operating income per share wa...
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