Chubb Estimates $250M From US Tax Law

December 28, 2017

Chubb Limited announced that it expects to record a one-time benefit from the new U.S. tax law in excess of $250 million in the fourth quarter of 2017.

Chubb’s preliminary estimate reflects the one-time impact of the reduced U.S. corporate income tax rate and the deemed repatriation of foreign subsidiary earnings on the company’s net deferred tax liability position.

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