Chubb profit rises 43 percent

Thu Jul 25, 2013 4:38pm EDT

(Reuters) - Property and casualty insurer Chubb Corp (CB.N) reported a 43 percent rise in quarterly profit as it benefited from rising insurance rates, sending its shares up about 2 percent after the bell.

Net profit rose to $579 million, or $2.21 per share, for the second quarter, from $404 million, or $1.48 per share, a year earlier.

Net premiums written were flat at $3.10 billion.

(This story is corrected in headline and first paragraph to remove incorrect reference to fall in disaster losses)

(Reporting by Avik Das in Bangalore; Editing by Don Sebastian)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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