Chubb Estimates $250M From US Tax Law
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.
