Chubb Reports First Quarter Per Share Net Income and Core Operating Income of $5.23 and $5.41, Up 15.5% and 22.7%, Respectively; Consolidated Net Premiums Written of $12.2 Billion, Up 14.1%, with P&C Up 12.4% and Life Insurance Up 26.3%; P&C Combined Ratio of 86.0%

Net income was $2.14 billion, up 13.3%, and core operating income was $2.22 billion, up 20.3%. Net income and core operating income were impacted modestly by two one-time items: an incremental deferred tax benefit of $55 million, or $0.14 per share, related to the Bermuda tax law enacted…