8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)   January 29, 2008

THE CHUBB CORPORATION

(Exact name of registrant as specified in its charter)

New Jersey	1-8661	13-2595722
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

15 Mountain View Road, P.O. Box 1615, Warren, New Jersey	07061-1615
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code   (908) 903-2000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	Item 2.02 Results of Operations and Financial Condition.
	Item 9.01 Financial Statements and Exhibits.
SIGNATURES
EXHIBIT INDEX TO CURRENT REPORT ON FORM 8-K DATED JANUARY 29, 2008
EX-99.1: PRESS RELEASE
EX-99.2: SUPPLEMENTARY INVESTOR INFORMATION
EX-99.3: REPORT ON TAX-EXEMPT FIXED MATURITIES AND MORTGAGE-BACKED FIXED MATURITIES
EX-99.4: 2007 UPDATE ON ASBESTOS RESERVES

Item 2.02 Results of Operations and Financial Condition.

The following information, including the text of the exhibits attached hereto, is furnished pursuant to this Item 2.02 of Form 8-K. On January 29, 2008, The Chubb Corporation (Chubb) issued a press release announcing its results for the quarter and year ended December 31, 2007. On January 29, 2008, Chubb also posted on its web site at www.chubb.com the Supplementary Investor Information Report (SIIR) relating to its 2007 fourth quarter and year-end results, The Chubb Corporation Report on Tax-Exempt Fixed Maturities and Mortgage-Backed Fixed Maturities at December 31, 2007 (Portfolio Report) and The Chubb Corporation 2007 Update on Asbestos Reserves (Asbestos Report). Copies of the press release, the SIIR, the Portfolio Report and the Asbestos Report, all of which are incorporated by reference into this Item 2.02 as if fully set forth herein, are furnished as Exhibits 99.1, 99.2, 99.3 and 99.4, respectively, to this Form 8-K. In its press release, the SIIR, the Portfolio Report, the Asbestos Report and the conference call to discuss its 2007 fourth quarter and year-end results, scheduled to be webcast at 5:00 P.M. on January 29, 2008, Chubb presents, and will present, its results of operations in the manner that it believes is most meaningful to investors, which includes certain measures that are not prepared in accordance with accounting principles generally accepted in the United States.

Item 9.01 Financial Statements and Exhibits.

     (d) Exhibits.

99.1	Press release dated January 29, 2008 (furnished pursuant to Item 2.02 of Form 8-K)
99.2	Supplementary Investor Information Report (furnished pursuant to Item 2.02 of Form 8-K)
99.3	The Chubb Corporation Report on Tax-Exempt Fixed Maturities and Mortgage-Backed Fixed Maturities at December 31, 2007 (furnished pursuant to Item 2.02 of Form 8-K)
99.4	The Chubb Corporation 2007 Update on Asbestos Reserves (furnished pursuant to Item 2.02 of Form 8-K)

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	THE CHUBB CORPORATION
Date: January 29, 2008	By:	/s/ Henry B. Schram
		Name:	Henry B. Schram
		Title:	Senior Vice President and     Chief Accounting Officer

EXHIBIT INDEX TO CURRENT REPORT ON FORM 8-K
DATED JANUARY 29, 2008

Exhibit No.	Description
99.1	Press release dated January 29, 2008 (furnished pursuant to Item 2.02 of Form 8-K)
99.2	Supplementary Investor Information Report (furnished pursuant to Item 2.02 of Form 8-K)
99.3	The Chubb Corporation Report on Tax-Exempt Fixed Maturities and Mortgage-Backed Fixed Maturities at December 31, 2007 (furnished pursuant to Item 2.02 of Form 8-K)
99.4	The Chubb Corporation 2007 Update on Asbestos Reserves (furnished pursuant to Item 2.02 of Form 8-K)

EX-99.1

Exhibit 99.1

News from The Chubb Corporation

The Chubb Corporation

15 Mountain View Road • P.O. Box 1615

Warren, New Jersey 07061-1615

Telephone: 908-903-2000

FOR IMMEDIATE RELEASE

Chubb Reports 4th Quarter Net Income per Share of $1.68;
Operating Income per Share Is up 10% to $1.60;
Combined Ratio Is 83.8%

Net Income per Share for 2007 Is $7.01;
Operating Income per Share Is up 14% to a Record $6.41;
Combined Ratio Is 82.9%

     WARREN, New Jersey, January 29, 2008 — The Chubb Corporation [NYSE: CB] today reported that net income in the fourth quarter of 2007 was $650 million or $1.68 per share, compared to $654 million or $1.56 per share in the fourth quarter of 2006.

     Operating income, which the company defines as net income excluding after-tax realized investment gains and losses, increased to $620 million from $614 million in the fourth quarter of 2006. Operating income per share increased 10% to $1.60 from $1.46.

     Net written premiums for the fourth quarter increased 1% to $3.0 billion. Premiums for the insurance business increased 2%; they were down 2% in the U.S. and were up 15% outside the U.S. (6% in local currencies). Premiums for the reinsurance assumed business declined 39%, reflecting the impact of the Chubb Re-Harbor Point transaction completed in December 2005.

     The fourth quarter combined loss and expense ratio was 83.8% in 2007 and 83.1% in 2006. The impact of catastrophes in the fourth quarter of 2007 accounted for 3.8 percentage points of the combined ratio, compared to 0.9 points in the fourth quarter of 2006. Excluding the impact of catastrophes, the combined ratio improved 2.2 percentage points to 80.0% from 82.2%. The expense ratio for the fourth quarter was 30.5% in 2007 and 29.9% in 2006.

     Property and casualty investment income after taxes for the fourth quarter increased 9% to $331 million in 2007 from $304 million in 2006.

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     During the fourth quarter of 2007, Chubb repurchased 9.8 million shares of its common stock at a total cost of $525 million.

     “We continued to produce consistent, outstanding underwriting results in the fourth quarter,” said John D. Finnegan, Chairman, President and Chief Executive Officer. “Thanks to significant contributions from all three business units throughout 2007, Chubb attained its fifth consecutive year of record income.”

Full Year Results

     For the year ended December 31, 2007, net income was $2.8 billion or $7.01 per share, compared to $2.5 billion or $5.98 per share for the year ended December 31, 2006. Operating income for 2007 totaled $2.6 billion, compared to $2.4 billion in 2006. Operating income per share increased 14% to a record $6.41 in 2007 from $5.60 in 2006.

     Net written premiums in 2007 declined 1% to $11.9 billion. Premiums for the insurance business increased 1%; they were down 1% in the U.S. and up 10% outside the U.S. (3% in local currencies). Premiums for the reinsurance assumed business declined 65%.

     The combined ratio in 2007 was 82.9%, compared to 84.2% in 2006. The impact of catastrophes accounted for 3.0 percentage points of the combined ratio in 2007 and 1.4 points in 2006. Excluding the impact of catastrophes, the combined ratio improved 2.9 percentage points to 79.9% from 82.8%. The expense ratio for the year was 30.1% in 2007 and 29.0% in 2006.

     Property and casualty investment income after taxes increased 9% to $1.3 billion in 2007 from $1.2 billion in 2006.

     During 2007, Chubb repurchased 41.7 million shares of its common stock at a total cost of $2.2 billion.

Fourth Quarter Operations Review

     Chubb Personal Insurance (CPI) net written premiums grew 4% in the fourth quarter to $917 million. CPI’s combined ratio for the quarter was 91.2%, compared to 84.4% in the fourth quarter of 2006. The impact of catastrophes accounted for 10.4 percentage points in 2007 and 2.4 points in 2006.

     The Homeowners line grew 5%, and the combined ratio was 89.1%. Personal Automobile net written premiums declined 6%, and the combined ratio was 90.5%. Other Personal lines grew 11% and had a combined ratio of 99.4%.

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     Chubb Commercial Insurance (CCI) net written premiums were flat at $1.3 billion. The combined ratio for the quarter was 85.3% in 2007 and 82.9% in 2006. The impact of catastrophes accounted for 1.2 percentage points in 2007 and 0.7 points in 2006.

     Average fourth quarter renewal rates in the U.S. were down 5% for CCI, which retained 83% of the U.S. premiums that came up for renewal. In the U.S., the ratio of new to lost business was 0.8 to 1.

     Chubb Specialty Insurance (CSI) net written premiums increased 3% in the fourth quarter to $794 million. The combined ratio was 74.6%, compared to 84.1% in the fourth quarter of 2006.

     Professional Liability (PL) net written premiums increased 2%, and PL had a combined ratio of 78.3%. Average PL renewal rates in the U.S. were down 5%, and renewal retention was 88%. The ratio of new to lost business in the U.S. was 1.2 to 1.

     Surety premiums were up 9%, and the combined ratio was 46.1%.

2007 Operations Review

     For the year ended December 31, 2007, Chubb Personal Insurance net written premiums grew 5% to $3.7 billion. CPI’s combined ratio was 84.8% in 2007 and 81.7% in 2006. The impact of catastrophes accounted for 6.3 percentage points of the combined ratio in 2007 and 3.7 points in 2006.

     The Homeowners line grew 7% and had a combined ratio of 80.2%. Personal Automobile premiums declined 7%, and the combined ratio was 89.8%. Other personal lines grew 15% and had a combined ratio of 96.4%.

     Chubb Commercial Insurance net written premiums declined 1% in 2007 to $5.1 billion. The combined ratio was 85.8% in 2007 and 83.1% in 2006. The impact of catastrophes accounted for 2.6 percentage points of the combined ratio in 2007 and 0.6 points in 2006.

     Average 2007 renewal rates in the U.S. were down 4% for CCI, which retained 83% of the U.S. premiums that came up for renewal. In the U.S., the ratio of new to lost business was 1 to 1.

     Chubb Specialty Insurance net written premiums were flat at $2.9 billion. The combined ratio improved to 77.4% in 2007 from 87.5% in 2006.

4

     Professional Liability had a 1% decline in premiums and a combined ratio of 82.4%. In the U.S., average 2007 renewal rates for PL were down 5%, renewal retention was 88% and the ratio of new to lost business was 1.4 to 1.

     Surety had net written premium growth of 13% and a combined ratio of 35.4%.

2008 Operating Income Guidance

     “Based on our current outlook,” said Mr. Finnegan, “we believe we can achieve 2008 operating income per share in the range of $5.70 to $6.10.” This guidance assumes a 3 percentage point impact of catastrophe losses on the 2008 combined ratio, which is the same as the impact of catastrophe losses on the 2007 combined ratio. The impact of each percentage point of catastrophe losses on 2008 operating income per share is approximately $0.20.

     Mr. Finnegan said the operating income guidance for 2008 also assumes:

• Net written premiums for the insurance business that are flat to down 3%, based on a modest increase for CPI and modest decreases for CCI and CSI.

• A combined ratio between 86% and 88% for the year, based on combined ratios of 85% to 88% for CPI, 88% to 91% for CCI and 82% to 85% for CSI.

• Growth of property and casualty investment income after taxes of 4% to 6%.

• Average diluted shares outstanding of 370 million for the year.

     The guidance and related assumptions are subject to the risks outlined in the company’s forward-looking information safe-harbor statements (see below).

Webcast Conference Call to be Held Today at 5 P.M.

     Chubb’s senior management will discuss the company’s fourth quarter performance with investors and analysts today, January 29th, at 5 P.M. Eastern Standard Time. The conference call will be webcast live on the Internet at http://www.chubb.com and archived later in the day for replay.

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About Chubb

     Founded in 1882, the Chubb Group of Insurance Companies provide property and casualty insurance for personal and commercial customers worldwide through 8,500 independent agents and brokers. Chubb’s global network includes branches and affiliates throughout North America, Europe, Latin America, Asia and Australia.

     The company has posted supplementary investor information on its Internet site at http://www.chubb.com.

     All financial results in this release and attachments are unaudited.

For further information contact:	Investors:	Glenn A. Montgomery
		(908) 903-2365
	Media:	Mark E. Greenberg
		(908) 903-2682

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Definitions of Key Terms

Operating Income

Operating income, a non-GAAP financial measure, is net income excluding after-tax realized investment gains and losses. Management uses operating income, among other measures, to evaluate its performance because the realization of investment gains and losses in any given period is largely discretionary as to timing and can fluctuate significantly, which could distort the analysis of trends.

Underwriting Income (Loss)

Management evaluates underwriting results separately from investment results. The underwriting operations consist of four separate business units: personal insurance, commercial insurance, specialty insurance and reinsurance assumed. Performance of the business units is measured based on statutory underwriting results. Statutory accounting principles applicable to property and casualty insurance companies differ in certain respects from generally accepted accounting principles (GAAP). Under statutory accounting principles, policy acquisition and other underwriting expenses are recognized immediately, not at the time premiums are earned. Statutory underwriting income (loss) is arrived at by reducing premiums earned by losses and loss expenses incurred and statutory underwriting expenses incurred.

Management uses underwriting results determined in accordance with GAAP, among other measures, to assess the overall performance of the underwriting operations. To convert statutory underwriting results to a GAAP basis, policy acquisition expenses are deferred and amortized over the period in which the related premiums are earned. Underwriting income (loss) determined in accordance with GAAP is defined as premiums earned less losses and loss expenses incurred and GAAP underwriting expenses incurred.

Property and Casualty Investment Income After Income Tax

Management uses property and casualty investment income after income tax, a non-GAAP financial measure, to evaluate its investment performance because it reflects the impact of any change in the proportion of the investment portfolio invested in tax-exempt securities and is therefore more meaningful for analysis purposes than investment income before income tax.

Book Value per Common Share with Available-for-Sale Fixed Maturities at Amortized Cost

Book value per common share represents the portion of consolidated shareholders’ equity attributable to one share of common stock outstanding as of the balance sheet date. Consolidated shareholders’ equity includes, as part of accumulated other comprehensive income, the after-tax appreciation or depreciation on the Corporation’s available-for-sale fixed maturities, which are carried at market value. The appreciation or depreciation on available-for-sale fixed maturities is subject to fluctuation due to changes in interest rates and therefore could distort the analysis of trends. Management believes that book value per common share with available-for-sale fixed maturities at amortized cost, a non-GAAP financial measure, is an important measure of the underlying equity attributable to one share of common stock.

Combined Loss and Expense Ratio or Combined Ratio

The combined loss and expense ratio, expressed as a percentage, is the key measure of underwriting profitability. Management uses the combined loss and expense ratio calculated in accordance with statutory accounting principles applicable to property and casualty insurance companies to evaluate the performance of the underwriting operations. It is the sum of the ratio of losses and loss expenses to premiums earned (loss ratio) plus the ratio of statutory underwriting expenses to premiums written (expense ratio) after reducing both premium amounts by dividends to policyholders.

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FORWARD-LOOKING INFORMATION

     Certain statements in this document are “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995 (PSLRA). These forward-looking statements are made pursuant to the safe harbor provisions of the PSLRA and include statements regarding management’s 2008 operating income per share guidance and related assumptions. Forward-looking statements are made based upon management’s current expectations and beliefs concerning trends and future developments and their potential effects on Chubb. These statements are not guarantees of future performance. Actual results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties, which include, among others, those discussed or identified from time to time in Chubb’s public filings with the Securities and Exchange Commission and those associated with:

• global political conditions and the occurrence of terrorist attacks, including any nuclear, biological, chemical or radiological events;

• the effects of the outbreak or escalation of war or hostilities;

• premium pricing and profitability or growth estimates overall or by lines of business or geographic area, and related expectations with respect to the timing and terms of any required regulatory approvals;

• adverse changes in loss cost trends;

• our ability to retain existing business;

• our expectations with respect to cash flow projections and investment income and with respect to other income;

• the adequacy of loss reserves, including:

- our expectations relating to reinsurance recoverables;

- the willingness of parties, including us, to settle disputes;

- developments in judicial decisions or regulatory or legislative actions relating to coverage and liability, in particular, for asbestos, toxic waste and other mass tort claims;

- development of new theories of liability;

- our estimates relating to ultimate asbestos liabilities;

- the impact from the bankruptcy protection sought by various asbestos producers and other related businesses;

- the effects of proposed asbestos liability legislation, including the impact of claims patterns arising from the possibility of legislation and those that may arise if legislation is not passed;

• the availability and cost of reinsurance coverage;

• the occurrence of significant weather-related or other natural or human-made disasters, particularly in locations where we have concentrations of risk;

8

• the impact of economic factors on companies on whose behalf we have issued surety bonds, and in particular, on those companies that have filed for bankruptcy or otherwise experienced deterioration in creditworthiness;

• the effects of disclosures by, and investigations of, public companies relating to possible accounting irregularities, practices in the financial services industry and other corporate governance issues, including:

- claims and litigation arising out of stock option “backdating,” “spring loading” and other stock option grant practices by public companies;

- the effects on the capital markets and the markets for directors and officers and errors and omissions insurance;

- claims and litigation arising out of actual or alleged accounting or other corporate malfeasance by other companies;

- claims and litigation arising out of practices in the financial services industry;

- legislative or regulatory proposals or changes;

• the effects of changes in market practices in the U.S. property and casualty insurance industry, in particular contingent commissions and loss mitigation and finite reinsurance arrangements, arising from any legal or regulatory proceedings, related settlements and industry reform, including changes that have been announced and changes that may occur in the future;

• the impact of legislative and regulatory developments on our business, including those relating to terrorism and catastrophes;

• any downgrade in our claims-paying, financial strength or other credit ratings;

• the ability of our subsidiaries to pay us dividends;

• general economic and market conditions including:

- changes in interest rates, market credit spreads and the performance of the financial markets;

- uncertainty in the credit markets and its impact on the broader financial markets;

- the effects of inflation;

- changes in domestic and foreign laws, regulations and taxes;

- changes in competition and pricing environments;

- regional or general changes in asset valuations;

- the inability to reinsure certain risks economically;

- changes in the litigation environment; and

• our ability to implement management’s strategic plans and initiatives.

     The Corporation assumes no obligation to update any forward-looking information set forth in this document, which speak as of the date hereof.

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THE CHUBB CORPORATION

SUPPLEMENTARY FINANCIAL DATA
(Unaudited)

	Periods Ended December 31
	Fourth Quarter						Twelve Months
	2007			2006			2007			2006
	(in millions)
PROPERTY AND CASUALTY INSURANCE
Underwriting
Net Premiums Written	$	3,009		$	2,974		$	11,872		$	11,974
Decrease (Increase) in
Unearned Premiums		10			21			74			(16	)
Premiums Earned		3,019			2,995			11,946			11,958
Losses and Loss Expenses		1,606			1,590			6,299			6,574
Operating Costs and Expenses		915			887			3,564			3,467
Decrease (Increase) in Deferred Policy Acquisition Costs		12			21			(52	)		(19	)
Dividends to Policyholders		6			8			19			31
Underwriting Income		480			489			2,116			1,905
Investments
Investment Income Before Expenses		421			385			1,622			1,485
Investment Expenses		7			7			32			31
Investment Income		414			378			1,590			1,454
Other Income		3			4			6			10
Property and Casualty Income		897			871			3,712			3,369
CORPORATE AND OTHER		(41	)		(22	)		(149	)		(89	)
CONSOLIDATED OPERATING INCOME BEFORE INCOME TAX		856			849			3,563			3,280
Federal and Foreign Income Tax		236			235			999			913
CONSOLIDATED OPERATING INCOME		620			614			2,564			2,367
REALIZED INVESTMENT GAINS AFTER INCOME TAX		30			40			243			161
CONSOLIDATED NET INCOME	$	650		$	654		$	2,807		$	2,528
PROPERTY AND CASUALTY INVESTMENT INCOME AFTER INCOME TAX	$	331		$	304		$	1,273		$	1,166

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	Periods Ended December 31
	Fourth Quarter						Twelve Months
	2007			2006			2007			2006
OUTSTANDING SHARE DATA
(in millions)
Average Common and Potentially Dilutive Shares		387.5			419.8			400.3			422.4
Actual Common Shares at End of Period		374.6			411.3			374.6			411.3
DILUTED EARNINGS PER SHARE DATA
Operating Income	$	1.60		$	1.46		$	6.41		$	5.60
Realized Investment Gains		.08			.10			.60			.38
Net Income	$	1.68		$	1.56		$	7.01		$	5.98
Effect of Catastrophes	$	(.19	)	$	(.05	)	$	(.59	)	$	(.24	)

	Dec. 31		Dec. 31
	2007		2006
BOOK VALUE PER COMMON SHARE	$	38.56	$	33.71
BOOK VALUE PER COMMON SHARE,
with Available-for-Sale Fixed Maturities at Amortized Cost		37.87		33.38

PROPERTY AND CASUALTY UNDERWRITING RATIOS
PERIODS ENDED DECEMBER 31

	Fourth Quarter						Twelve Months
	2007			2006			2007			2006
Losses and Loss Expenses to Premiums Earned		53.3	%		53.2	%		52.8	%		55.2	%
Underwriting Expenses to Premiums Written		30.5			29.9			30.1			29.0
Combined Loss and Expense Ratio		83.8	%		83.1	%		82.9	%		84.2	%
Effect of Catastrophes on Combined Loss and Expense Ratio		3.8	%		.9	%		3.0	%		1.4	%

PROPERTY AND CASUALTY LOSSES AND LOSS EXPENSES COMPONENTS
PERIODS ENDED DECEMBER 31

	Fourth Quarter					Twelve Months
	2007		2006			2007		2006
	(in millions)
Paid Losses and Loss Expenses	$	1,534	$	1,649		$	5,682	$	5,588
Increase (Decrease) in Unpaid Losses and Loss Expenses		72		(59	)		617		986
Total Losses and Loss Expenses	$	1,606	$	1,590		$	6,299	$	6,574

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PROPERTY AND CASUALTY PRODUCT MIX

	Net Premiums Written							Combined Loss and
					% Increase			Expense Ratios
	2007		2006		(Decrease)			2007			2006
	(in millions)
TWELVE MONTHS ENDED DECEMBER 31
Personal Insurance
Automobile	$	621	$	670		(7	)%		89.8	%		90.4	%
Homeowners		2,423		2,268		7			80.2			74.6
Other		665		580		15			96.4			98.6
Total Personal		3,709		3,518		5			84.8			81.7
Commercial Insurance
Multiple Peril		1,252		1,290		(3	)		80.8			75.8
Casualty		1,726		1,731		—			94.6			96.8
Workers’ Compensation		890		901		(1	)		77.6			80.4
Property and Marine		1,215		1,203		1			84.3			72.5
Total Commercial		5,083		5,125		(1	)		85.8			83.1
Specialty Insurance
Professional Liability		2,605		2,641		(1	)		82.4			91.8
Surety		339		300		13			35.4			44.2
Total Specialty		2,944		2,941		—			77.4			87.5
Total Insurance		11,736		11,584		1			83.4			83.9
Reinsurance Assumed		136		390		(65	)		*			*
Total	$	11,872	$	11,974		(1	)		82.9			84.2
QUARTERS ENDED DECEMBER 31
Personal Insurance
Automobile	$	149	$	159		(6	)%		90.5	%		92.6	%
Homeowners		592		562		5			89.1			75.7
Other		176		158		11			99.4			107.7
Total Personal		917		879		4			91.2			84.4
Commercial Insurance
Multiple Peril		326		322		1			79.9			70.7
Casualty		426		428		—			93.1			103.3
Workers’ Compensation		204		207		(1	)		82.6			78.2
Property and Marine		306		305		—			80.9			69.3
Total Commercial		1,262		1,262		—			85.3			82.9
Specialty Insurance
Professional Liability		712		699		2			78.3			88.5
Surety		82		75		9			46.1			41.4
Total Specialty		794		774		3			74.6			84.1
Total Insurance		2,973		2,915		2			84.4			83.5
Reinsurance Assumed		36		59		(39	)		*			*
Total	$	3,009	$	2,974		1			83.8			83.1

* Combined loss and expense ratios are no longer presented for Reinsurance Assumed since this business is in run-off.

EX-99.2

Exhibit 99.2

The Chubb Corporation Supplementary Investor Information December 31, 2007

This report is for informational purposes only. It should be read in conjunction with documents filed by
The Chubb Corporation with the Securities and Exchange Commission, including the most recent
Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

THE CHUBB CORPORATION SUPPLEMENTARY INVESTOR INFORMATION
TABLE OF CONTENTS
DECEMBER 31, 2007

	Page
The Chubb Corporation:
Consolidated Balance Sheet Highlights		1
Share Repurchase Activity		2
Summary of Invested Assets:
Corporate		3
Property and Casualty		3
Investment Income After Taxes:
Corporate		4
Property and Casualty		4
Property and Casualty Insurance Group:
Statutory Policyholders’ Surplus		4
Change in Net Unpaid Losses		5
Underwriting Results — Year-To-Date		6-10
Underwriting Results — Quarterly		11-15
Definitions of Key Terms		16

THE CHUBB CORPORATION

CONSOLIDATED BALANCE SHEET HIGHLIGHTS
AS OF DECEMBER 31

	2007			2006
	(in millions)
Invested Assets (at carrying value)
Short Term Investments	$	1,839		$	2,254
Fixed Maturities
Tax Exempt		18,559			17,748
Taxable		15,312			14,218
Equity Securities		2,320			1,957
Other Invested Assets		2,051			1,516
Total Invested Assets	$	40,081		$	37,693
Unrealized Appreciation of Fixed Maturities Carried at Amortized Cost	$	—		$	7
Capitalization
Long Term Debt	$	3,460		$	2,466
Shareholders’ Equity		14,445			13,863
Total Capitalization	$	17,905		$	16,329
DEBT AS A PERCENTAGE OF TOTAL CAPITALIZATION		19.3	%		15.1	%
Actual Common Shares Outstanding		374.6			411.3
Book Value Per Common Share	$	38.56		$	33.71
Book Value Per Common Share, with Available-for-Sale Fixed Maturities at Amortized Cost	$	37.87		$	33.38

Page 1 of 16

THE CHUBB CORPORATION

SHARE REPURCHASE ACTIVITY
(dollars in millions, except per share amounts)

	Periods Ended December 31
	Fourth		Twelve		From
	Quarter		Months		December 2005
	2007		2007		to December 31, 2007
Cost of Shares Repurchased		$525		$2,184		$3,576
Average Cost Per Share		$53.52		$52.34		$51.17
Shares Repurchased		9,813,452		41,733,268		69,887,330

In December 2005, the Board of Directors authorized the repurchase of up to 28,000,000 shares of the Corporation’s common stock. No shares remain under the 2005 share repurchase authorization.

In December 2006, the Board of Directors authorized the repurchase of up to 20,000,000 shares of the Corporation’s common stock. In March 2007, the Board of Directors authorized an increase of 20,000,000 shares to the authorization approved in December 2006. No shares remain under the 2006 share repurchase authorization.

In December 2007, the Board of Directors authorized the repurchase of up to 28,000,000 shares of the Corporation’s common stock. The authorization has no expiration date. As of December 31, 2007, 26,112,670 shares remained under the share repurchase authorization.

Page 2 of 16

THE CHUBB CORPORATION

SUMMARY OF INVESTED ASSETS

AS OF DECEMBER 31

CORPORATE

	Cost or				Market				Carrying
	Amortized Cost				Value				Value
	2007		2006		2007		2006		2007		2006
	(in millions)
Short Term Investments	$	934	$	793	$	934	$	793	$	934	$	793
Taxable Fixed Maturities		1,050		1,160		1,045		1,138		1,045		1,138
Equity Securities		289		289		478		416		478		416
TOTAL	$	2,273	$	2,242	$	2,457	$	2,347	$	2,457	$	2,347

PROPERTY AND CASUALTY

	Cost or				Market				Carrying
	Amortized Cost				Value				Value
	2007		2006		2007		2006		2007		2006
	(in millions)
Short Term Investments	$	905	$	1,461	$	905	$	1,461	$	905	$	1,461
Fixed Maturities
Tax Exempt		18,208		17,449		18,559		17,755		18,559		17,748
Taxable		14,216		13,150		14,267		13,080		14,267		13,080
Equity Securities		1,618		1,272		1,842		1,541		1,842		1,541
Other Invested Assets		2,051		1,516		2,051		1,516		2,051		1,516
TOTAL	$	36,998	$	34,848	$	37,624	$	35,353	$	37,624	$	35,346

Page 3 of 16

THE CHUBB CORPORATION

INVESTMENT INCOME AFTER TAXES

	PERIODS ENDED DECEMBER 31
	FOURTH QUARTER						TWELVE MONTHS
	2007			2006			2007			2006
	(in millions)
CORPORATE INVESTMENT INCOME	$	17		$	14		$	74		$	60
PROPERTY AND CASUALTY INVESTMENT INCOME
Tax Exempt Interest	$	189		$	176		$	734		$	680
Taxable Interest		125			114			482			446
Other		22			18			78			60
Investment Expenses		(5	)		(4	)		(21	)		(20	)
TOTAL	$	331		$	304		$	1,273		$	1,166
Effective Tax Rate		20.1	%		19.6	%		19.9	%		19.8	%
After-Tax Annualized Yield		3.54	%		3.50	%		3.50	%		3.48	%

After-tax annualized yield is based on the average invested assets for the periods presented with fixed maturities at amortized cost and equity securities at market value.

STATUTORY POLICYHOLDERS’ SURPLUS
AS OF DECEMBER 31

	2007		2006		2005
			(in millions)
Estimated Statutory Policyholders’ Surplus	$	12,950	$	11,357	$	8,910
Rolling Year Statutory Net Premiums Written	$	11,829	$	11,967	$	12,244
Ratio of Statutory Net Premiums Written to Policyholders’ Surplus		0.91:1		1.05:1		1.37:1

Statutory Policyholders’ Surplus and Net Premiums Written include all domestic and foreign property and casualty subsidiaries.

Page 4 of 16

THE CHUBB CORPORATION

PROPERTY AND CASUALTY

CHANGE IN NET UNPAID LOSSES
TWELVE MONTHS ENDED DECEMBER 31, 2007

											All Other
	Net Unpaid Losses							IBNR			Unpaid Losses
					Increase			Increase			Increase
	12/31/07		12/31/06		(Decrease)			(Decrease)			(Decrease)
	(in millions)
Personal Insurance
Automobile	$	411	$	425	$	(14	)	$	22		$	(36	)
Homeowners		705		665		40			11			29
Other		748		657		91			82			9
Total Personal		1,864		1,747		117			115			2
Commercial Insurance
Multiple Peril		1,619		1,593		26			50			(24	)
Casualty		5,540		5,213		327			358			(31	)
Workers’ Compensation		1,910		1,740		170			104			66
Property and Marine		677		678		(1	)		3			(4	)
Total Commercial		9,746		9,224		522			515			7
Specialty Insurance
Professional Liability		7,526		7,288		238			536			(298	)
Surety		71		59		12			(1	)		13
Total Specialty		7,597		7,347		250			535			(285	)
Total Insurance		19,207		18,318		889			1,165			(276	)
Reinsurance Assumed		1,109		1,381		(272	)		(214	)		(58	)
Total	$	20,316	$	19,699	$	617		$	951		$	(334	)

Page 5 of 16

THE CHUBB CORPORATION — WORLDWIDE
PROPERTY AND CASUALTY UNDERWRITING RESULTS
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2007 AND 2006
(MILLIONS OF DOLLARS)

	Personal												Other						Total
	Automobile						Homeowners						Personal						Personal
	2007			2006			2007			2006			2007			2006			2007			2006
Net Premiums Written	$	621		$	670		$	2,423		$	2,268		$	665		$	580		$	3,709		$	3,518
Increase (Decrease) in Unearned Premiums		(30	)		4			77			92			20			13			67			109
Net Premiums Earned		651			666			2,346			2,176			645			567			3,642			3,409
Net Losses Paid		412			407			1,094			969			319			307			1,825			1,683
Increase (Decrease) in Outstanding Losses		(14	)		7			40			(32	)		91			77			117			52
Net Losses Incurred		398			414			1,134			937			410			384			1,942			1,735
Expenses Incurred		178			189			772			716			218			179			1,168			1,084
Dividends Incurred		—			—			—			—			—			—			—			—
Statutory Underwriting Income	$	75		$	63		$	440		$	523		$	17		$	4		$	532		$	590
Ratios After Dividends to Policyholders:
Loss		61.1	%		62.2	%		48.3	%		43.0	%		63.6	%		67.7	%		53.3	%		50.9	%
Expense		28.7			28.2			31.9			31.6			32.8			30.9			31.5			30.8
Combined		89.8	%		90.4	%		80.2	%		74.6	%		96.4	%		98.6	%		84.8	%		81.7	%
Premiums Written as a % of Total		5.3	%		5.6	%		20.4	%		18.9	%		5.6	%		4.8	%		31.3	%		29.3	%

Page 6 of 16

THE CHUBB CORPORATION — WORLDWIDE
PROPERTY AND CASUALTY UNDERWRITING RESULTS
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2007 AND 2006
(MILLIONS OF DOLLARS)

													Commercial						Commercial
	Commercial						Commercial						Workers’						Property						Total
	Multiple Peril						Casualty						Compensation						and Marine						Commercial
	2007			2006			2007			2006			2007			2006			2007			2006			2007			2006
Net Premiums Written	$	1,252		$	1,290		$	1,726		$	1,731		$	890		$	901		$	1,215		$	1,203		$	5,083		$	5,125
Increase (Decrease) in Unearned Premiums		(16	)		(2	)		(9	)		—			(18	)		(7	)		6			55			(37	)		46
Net Premiums Earned		1,268			1,292			1,735			1,731			908			908			1,209			1,148			5,120			5,079
Net Losses Paid		563			556			824			820			318			321			595			544			2,300			2,241
Increase (Decrease) in Outstanding Losses		26			(3	)		327			376			170			189			(1	)		(77	)		522			485
Net Losses Incurred		589			553			1,151			1,196			488			510			594			467			2,822			2,726
Expenses Incurred		429			426			487			480			201			197			427			383			1,544			1,486
Dividends Incurred		1			—			—			—			15			27			—			—			16			27
Statutory Underwriting Income	$	249		$	313		$	97		$	55		$	204		$	174		$	188		$	298		$	738		$	840
Ratios After Dividends to Policyholders:
Loss		46.5	%		42.8	%		66.4	%		69.1	%		54.6	%		57.9	%		49.1	%		40.7	%		55.3	%		53.9	%
Expense		34.3			33.0			28.2			27.7			23.0			22.5			35.2			31.8			30.5			29.2
Combined		80.8	%		75.8	%		94.6	%		96.8	%		77.6	%		80.4	%		84.3	%		72.5	%		85.8	%		83.1	%
Premiums Written as a % of Total		10.6	%		10.8	%		14.5	%		14.5	%		7.5	%		7.5	%		10.2	%		10.0	%		42.8	%		42.8	%

Page 7 of 16

THE CHUBB CORPORATION — WORLDWIDE
PROPERTY AND CASUALTY UNDERWRITING RESULTS
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2007 AND 2006
(MILLIONS OF DOLLARS)

	Professional												Total
	Liability						Surety						Specialty
	2007			2006			2007			2006			2007			2006
Net Premiums Written	$	2,605		$	2,641		$	339		$	300		$	2,944		$	2,941
Increase (Decrease) in Unearned Premiums		(46	)		(41	)		19			29			(27	)		(12	)
Net Premiums Earned		2,651			2,682			320			271			2,971			2,953
Net Losses Paid		1,296			1,320			5			21			1,301			1,341
Increase (Decrease) in Outstanding Losses		238			511			12			13			250			524
Net Losses Incurred		1,534			1,831			17			34			1,551			1,865
Expenses Incurred		638			620			101			93			739			713
Dividends Incurred		—			—			3			4			3			4
Statutory Underwriting Income	$	479		$	231		$	199		$	140		$	678		$	371
Ratios After Dividends to Policyholders:
Loss		57.9	%		68.3	%		5.3	%		12.8	%		52.3	%		63.2	%
Expense		24.5			23.5			30.1			31.4			25.1			24.3
Combined		82.4	%		91.8	%		35.4	%		44.2	%		77.4	%		87.5	%
Premiums Written as a % of Total		21.9	%		22.1	%		2.9	%		2.5	%		24.8	%		24.6	%

Page 8 of 16

THE CHUBB CORPORATION — WORLDWIDE
PROPERTY AND CASUALTY UNDERWRITING RESULTS
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2007 AND 2006
(MILLIONS OF DOLLARS)

	Total						Reinsurance						Worldwide
	Insurance						Assumed						Total
	2007			2006			2007			2006			2007			2006
Net Premiums Written	$	11,736		$	11,584		$	136		$	390		$	11,872		$	11,974
Increase (Decrease) in Unearned Premiums		3			143			(77	)		(127	)		(74	)		16
Net Premiums Earned		11,733			11,441			213			517			11,946			11,958
Net Losses Paid		5,426			5,265			256			323			5,682			5,588
Increase (Decrease) in Outstanding Losses		889			1,061			(272	)		(75	)		617			986
Net Losses Incurred		6,315			6,326			(16	)		248			6,299			6,574
Expenses Incurred		3,451			3,283			113			184			3,564			3,467
Dividends Incurred		19			31			—			—			19			31
Statutory Underwriting Income	$	1,948		$	1,801		$	116		$	85			2,064			1,886
Increase in Deferred Acquisition Costs														52			19
GAAP Underwriting Income													$	2,116		$	1,905
Ratios After Dividends to Policyholders:
Loss		53.9	%		55.5	%		*	%		*	%		52.8	%		55.2	%
Expense		29.5			28.4			*			*			30.1			29.0
Combined		83.4	%		83.9	%		*	%		*	%		82.9	%		84.2	%
Premiums Written as a % of Total		98.9	%		96.7	%		1.1	%		3.3	%		100.0	%		100.0	%

*     Combined, loss, and expense ratios are no longer presented for Reinsurance Assumed since this business is in run-off.

Page 9 of 16

THE CHUBB CORPORATION — WORLDWIDE
PROPERTY AND CASUALTY UNDERWRITING RESULTS
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2007 AND 2006
(MILLIONS OF DOLLARS)

							Outside
							the						Worldwide
	United States						United States						Total
	2007			2006			2007			2006			2007			2006
Net Premiums Written	$	9,168		$	9,520		$	2,704		$	2,454		$	11,872		$	11,974
Increase (Decrease) in Unearned Premiums		(117	)		(44	)		43			60			(74	)		16
Net Premiums Earned		9,285			9,564			2,661			2,394			11,946			11,958
Net Losses Paid		4,893			4,828			789			760			5,682			5,588
Increase (Decrease) in Outstanding Losses		75			494			542			492			617			986
Net Losses Incurred		4,968			5,322			1,331			1,252			6,299			6,574
Expenses Incurred		2,617			2,652			947			815			3,564			3,467
Dividends Incurred		19			31			—			—			19			31
Statutory Underwriting Income	$	1,681		$	1,559		$	383		$	327			2,064			1,886
Increase in Deferred Acquisition Costs														52			19
GAAP Underwriting Income													$	2,116		$	1,905
Ratios After Dividends to Policyholders:
Loss		53.6	%		55.8	%		50.0	%		52.3	%		52.8	%		55.2	%
Expense		28.6			27.9			35.0			33.2			30.1			29.0
Combined		82.2	%		83.7	%		85.0	%		85.5	%		82.9	%		84.2	%
Premiums Written as a % of Total		77.2	%		79.5	%		22.8	%		20.5	%		100.0	%		100.0	%

Page 10 of 16

THE CHUBB CORPORATION — WORLDWIDE
PROPERTY AND CASUALTY UNDERWRITING RESULTS
FOR THE QUARTERS ENDED DECEMBER 31, 2007 AND 2006
(MILLIONS OF DOLLARS)

	Personal												Other						Total
	Automobile						Homeowners						Personal						Personal
	2007			2006			2007			2006			2007			2006			2007			2006
Net Premiums Written	$	149		$	159		$	592		$	562		$	176		$	158		$	917		$	879
Increase (Decrease) in Unearned Premiums		(10	)		(9	)		(5	)		3			6			8			(9	)		2
Net Premiums Earned		159			168			597			559			170			150			926			877
Net Losses Paid		108			113			308			224			82			80			498			417
Increase (Decrease) in Outstanding Losses		(11	)		(6	)		29			17			30			35			48			46
Net Losses Incurred		97			107			337			241			112			115			546			463
Expenses Incurred		44			46			193			183			59			49			296			278
Dividends Incurred		—			—			—			—			—			—			—			—
Statutory Underwriting Income (Loss)	$	18		$	15		$	67		$	135		$	(1	)	$	(14	)	$	84		$	136
Ratios After Dividends to Policyholders:
Loss		61.0	%		63.7	%		56.5	%		43.1	%		65.9	%		76.7	%		58.9	%		52.8	%
Expense		29.5			28.9			32.6			32.6			33.5			31.0			32.3			31.6
Combined		90.5	%		92.6	%		89.1	%		75.7	%		99.4	%		107.7	%		91.2	%		84.4	%
Premiums Written as a % of Total		5.0	%		5.3	%		19.7	%		18.9	%		5.8	%		5.3	%		30.5	%		29.5	%

Page 11 of 16

THE CHUBB CORPORATION — WORLDWIDE
PROPERTY AND CASUALTY UNDERWRITING RESULTS
FOR THE QUARTERS ENDED DECEMBER 31, 2007 AND 2006
(MILLIONS OF DOLLARS)

													Commercial						Commercial
	Commercial						Commercial						Workers’						Property						Total
	Multiple Peril						Casualty						Compensation						and Marine						Commercial
	2007			2006			2007			2006			2007			2006			2007			2006			2007			2006
Net Premiums Written	$	326		$	322		$	426		$	428		$	204		$	207		$	306		$	305		$	1,262		$	1,262
Increase (Decrease) in Unearned Premiums		10			(1	)		(13	)		(1	)		(20	)		(22	)		1			12			(22	)		(12	)
Net Premiums Earned		316			323			439			429			224			229			305			293			1,284			1,274
Net Losses Paid		132			180			256			270			62			74			170			124			620			648
Increase (Decrease) in Outstanding Losses		16			(56	)		27			40			69			44			(29	)		(14	)		83			14
Net Losses Incurred		148			124			283			310			131			118			141			110			703			662
Expenses Incurred		107			104			122			133			46			50			106			97			381			384
Dividends Incurred		1			—			—			—			4			7			—			—			5			7
Statutory Underwriting Income (Loss)	$	60		$	95		$	34		$	(14	)	$	43		$	54		$	58		$	86		$	195		$	221
Ratios After Dividends to Policyholders:
Loss		47.0	%		38.4	%		64.5	%		72.2	%		59.6	%		53.2	%		46.2	%		37.5	%		55.0	%		52.3	%
Expense		32.9			32.3			28.6			31.1			23.0			25.0			34.7			31.8			30.3			30.6
Combined		79.9	%		70.7	%		93.1	%		103.3	%		82.6	%		78.2	%		80.9	%		69.3	%		85.3	%		82.9	%
Premiums Written as a % of Total		10.8	%		10.8	%		14.1	%		14.4	%		6.8	%		7.0	%		10.2	%		10.3	%		41.9	%		42.5	%

Page 12 of 16

THE CHUBB CORPORATION — WORLDWIDE

PROPERTY AND CASUALTY UNDERWRITING RESULTS
FOR THE QUARTERS ENDED DECEMBER 31, 2007 AND 2006
(MILLIONS OF DOLLARS)

	Professional												Total
	Liability						Surety						Specialty
	2007			2006			2007			2006			2007			2006
Net Premiums Written	$	712		$	699		$	82		$	75		$	794		$	774
Increase (Decrease) in Unearned Premiums		40			42			(4	)		6			36			48
Net Premiums Earned		672			657			86			69			758			726
Net Losses Paid		344			483			—			14			344			497
Increase (Decrease) in Outstanding Losses		19			(55	)		14			(7	)		33			(62	)
Net Losses Incurred		363			428			14			7			377			435
Expenses Incurred		173			163			24			23			197			186
Dividends Incurred		—			—			1			1			1			1
Statutory Underwriting Income (Loss)	$	136		$	66		$	47		$	38		$	183		$	104
Ratios After Dividends to Policyholders:
Loss		54.0	%		65.2	%		16.5	%		10.3	%		49.8	%		60.0	%
Expense		24.3			23.3			29.6			31.1			24.8			24.1
Combined		78.3	%		88.5	%		46.1	%		41.4	%		74.6	%		84.1	%
Premiums Written as a % of Total		23.7	%		23.5	%		2.7	%		2.5	%		26.4	%		26.0	%

Page 13 of 16

THE CHUBB CORPORATION — WORLDWIDE
PROPERTY AND CASUALTY UNDERWRITING RESULTS
FOR THE QUARTERS ENDED DECEMBER 31, 2007 AND 2006
(MILLIONS OF DOLLARS)

	Total						Reinsurance						Worldwide
	Insurance						Assumed						Total
	2007			2006			2007			2006			2007			2006
Net Premiums Written	$	2,973		$	2,915		$	36		$	59		$	3,009		$	2,974
Increase (Decrease) in Unearned Premiums		5			38			(15	)		(59	)		(10	)		(21	)
Net Premiums Earned		2,968			2,877			51			118			3,019			2,995
Net Losses Paid		1,462			1,562			72			87			1,534			1,649
Increase (Decrease) in Outstanding Losses		164			(2	)		(92	)		(57	)		72			(59	)
Net Losses Incurred		1,626			1,560			(20	)		30			1,606			1,590
Expenses Incurred		874			848			41			39			915			887
Dividends Incurred		6			8			—			—			6			8
Statutory Underwriting Income (Loss)	$	462		$	461		$	30		$	49			492			510
Decrease in Deferred Acquisition Costs														(12	)		(21	)
GAAP Underwriting Income													$	480		$	489
Ratios After Dividends to Policyholders:
Loss		54.9	%		54.4	%		*	%		*	%		53.3	%		53.2	%
Expense		29.5			29.1			*			*			30.5			29.9
Combined		84.4	%		83.5	%		*	%		*	%		83.8	%		83.1	%
Premiums Written as a % of Total		98.8	%		98.0	%		1.2	%		2.0	%		100.0	%		100.0	%

* Combined, loss, and expense ratios are no longer presented for Reinsurance Assumed since this business is in run-off.

Page 14 of 16

THE CHUBB CORPORATION — WORLDWIDE
PROPERTY AND CASUALTY UNDERWRITING RESULTS
FOR THE QUARTERS ENDED DECEMBER 31, 2007 AND 2006
(MILLIONS OF DOLLARS)

							Outside
							the						Worldwide
	United States						United States						Total
	2007			2006			2007			2006			2007			2006
Net Premiums Written	$	2,251		$	2,317		$	758		$	657		$	3,009		$	2,974
Increase (Decrease) in Unearned Premiums		(56	)		(60	)		46			39			(10	)		(21	)
Net Premiums Earned		2,307			2,377			712			618			3,019			2,995
Net Losses Paid		1,334			1,431			200			218			1,534			1,649
Increase (Decrease) in Outstanding Losses		(69	)		(157	)		141			98			72			(59	)
Net Losses Incurred		1,265			1,274			341			316			1,606			1,590
Expenses Incurred		653			669			262			218			915			887
Dividends Incurred		6			8			—			—			6			8
Statutory Underwriting Income (Loss)	$	383		$	426		$	109		$	84			492			510
Decrease in Deferred Acquisition Costs														(12	)		(21	)
GAAP Underwriting Income													$	480		$	489
Ratios After Dividends to Policyholders:
Loss		55.0	%		53.8	%		47.9	%		51.1	%		53.3	%		53.2	%
Expense		29.1			29.0			34.6			33.2			30.5			29.9
Combined		84.1	%		82.8	%		82.5	%		84.3	%		83.8	%		83.1	%
Premiums Written as a % of Total		74.8	%		77.9	%		25.2	%		22.1	%		100.0	%		100.0	%

Page 15 of 16

THE CHUBB CORPORATION

Definitions of Key Terms

Underwriting Income (Loss)

Management evaluates underwriting results separately from investment results. The underwriting operations consist of four separate business units: personal insurance, commercial insurance, specialty insurance and reinsurance assumed. Performance of the business units is measured based on statutory underwriting results. Statutory accounting principles applicable to property and casualty insurance companies differ in certain respects from generally accepted accounting principles (GAAP). Under statutory accounting principles, policy acquisition and other underwriting expenses are recognized immediately, not at the time premiums are earned. Statutory underwriting income (loss) is arrived at by reducing premiums earned by losses and loss expenses incurred and statutory underwriting expenses incurred.

Management uses underwriting results determined in accordance with GAAP, among other measures, to assess the overall performance of the underwriting operations. To convert statutory underwriting results to a GAAP basis, policy acquisition expenses are deferred and amortized over the period in which the related premiums are earned. Underwriting income (loss) determined in accordance with GAAP is defined as premiums earned less losses and loss expenses incurred and GAAP underwriting expenses incurred.

Property and Casualty Investment Income After Income Tax

Management uses property and casualty investment income after income tax, a non-GAAP financial measure, to evaluate its investment performance because it reflects the impact of any change in the proportion of the investment portfolio invested in tax-exempt securities and is therefore more meaningful for analysis purposes than investment income before income taxes.

Book Value per Common Share with Available-for-Sale Fixed Maturities at Amortized Cost

Book value per common share represents the portion of consolidated shareholders’ equity attributable to one share of common stock outstanding as of the balance sheet date. Consolidated shareholders’ equity includes, as part of accumulated other comprehensive income, the after-tax appreciation or depreciation on the Corporation’s available-for-sale fixed maturities, which are carried at market value. The appreciation or depreciation on available-for-sale fixed maturities is subject to fluctuation due to changes in interest rates and therefore could distort the analysis of trends. Management believes that book value per common share with available-for-sale fixed maturities at amortized cost, a non-GAAP financial measure, is an important measure of the underlying equity attributable to one share of common stock.

Combined Ratio or Combined Loss and Expense Ratio

The combined loss and expense ratio, expressed as a percentage, is the key measure of underwriting profitability. Management uses the combined loss and expense ratio calculated in accordance with statutory accounting principles applicable to property and casualty insurance companies to evaluate the performance of the underwriting operations. It is the sum of the ratio of losses and loss expenses to premiums earned (loss ratio) plus the ratio of statutory underwriting expenses to premiums written (expense ratio) after reducing both premium amounts by dividends to policyholders.

Page 16 of 16

EX-99.3

Exhibit 99.3

THE CHUBB CORPORATION

TAX EXEMPT FIXED MATURITIES AND

MORTGAGE-BACKED FIXED MATURITIES

AT DECEMBER 31, 2007

THE CHUBB CORPORATION
FORWARD-LOOKING INFORMATION

The following materials contain “forward-looking statements” that are subject to certain risks and uncertainties which could cause actual results to differ materially from those expressed or suggested by such statements. Such risks or uncertainties include but are not limited to those which may be discussed or identified from time to time in The Chubb Corporation’s public filings with the Securities and Exchange Commission. The Chubb Corporation assumes no obligation to update any forward-looking information set forth in the following materials, which speak as of January 29, 2008.

-1-

THE CHUBB CORPORATION

TAX EXEMPT FIXED MATURITIES

DECEMBER 31, 2007

(dollars in millions)

	Average
	Credit			Market		% of			Unrealized
	Rating			Value		Total			Gain
Uninsured		Aa1		$	10,638		57	%	$	215
Insured		Aaa	(a)(c)		7,921		43			136
Total		Aa1	(b)(c)	$	18,559		100	%	$	351

(a)	Average credit rating without the effect of insurance is Aa3.
(b)	Average credit rating without the effect of insurance is Aa2.
(c)	Based on observed spreads between tax exempt fixed maturities rated Aaa and those with lower ratings, it is our view that if the insurance provided by the monoline insurers ceased to exist, the aggregate mark-to-market impact on our financial condition would be immaterial.

-2-

THE CHUBB CORPORATION

MORTGAGE-BACKED FIXED MATURITIES

DECEMBER 31, 2007

(dollars in millions)

	Credit Rating									Market			% of			Unrealized
	Aaa			Aa			Baa			Value			Total			Gain(Loss)
U.S. Government Agency	$	2,546		$	—		$	—		$	2,546			54	%	$	(22	)
Non-Agency Residential		156			51			—			207			4			—
Commercial		1,942			40			15			1,997			42			11
Total	$	4,644		$	91		$	15		$	4,750			100	%	$	(11	)
% of Total		98	%		2	%		—	%		100	%

-3-

EX-99.4

Exhibit 99.4

The Chubb Corporation 2007 Update on Asbestos Reserves Date of release 01/29/2008

Forward Looking Statements The following materials contain "forward looking statements," including those relating to loss reserves and claim estimates, that are subject to certain risks and uncertainties which could cause actual results to differ materially from those expressed or suggested by such statements. Such risks or uncertainties include but are not limited to those which may be noted more fully in the materials themselves, as well as those discussed or identified from time to time in The Chubb Corporation's public filings with the Securities and Exchange Commission. The Chubb Corporation assumes no obligation to update any forward-looking information set forth in the following materials, which speak as of January 29, 2008 or as otherwise specified in the materials. 2007AsbestosSlides12408

Contents Purpose of Updated Review Conclusions Evaluation Methodology Exposure Analysis Asbestos Payments and Reserves Three Year Reserve Comparison Summary 2007AsbestosSlides12408

Purpose of Review Reassess Chubb's ultimate liability regarding asbestos exposures using an internal analysis, supported by our independent outside consulting actuaries Determine appropriate reserve levels Ensure aggressive case management of asbestos claims manage our exposure identify trends or issues that may impact exposure Provide relevant substantive information needed by investors and rating agencies 2007AsbestosSlides12408

Conclusions Our 2007 analysis of asbestos liabilities concluded current net reserves are adequate The carried net reserve of $793M at 12/31/07 represents Chubb's best estimate of our ultimate asbestos liability This amount contemplates approximately a 5% reinsurance recoverable Net payments for asbestos liabilities in 2007 were $71M Current reserves calculate to a 3 year survival ratio of 9.9 2007AsbestosSlides12408

Evaluation Methodology Chubb segmented its defendant policyholders into two groups Traditional defendant policyholders (Tiers 1 & 2) Those engaged in asbestos mining, manufacturing and building products industries Peripheral defendant policyholders (Tiers 3 & 4) Those who manufactured, distributed, or installed an asbestos-containing product or who owned or operated a facility where asbestos products were present 2007AsbestosSlides12408

Exposure Analysis Within these policyholder categories: All Tier 1 & 2 accounts and Tier 3 & 4 accounts with Chubb incurred losses of at least $5M or judged to have high potential exposure were evaluated individually. Claimant information and available coverage were reviewed for each defendant policyholder, including terms of coverage, policy limits and aggregate limits. Tier 3 & 4 accounts not individually evaluated were analyzed in the aggregate using statistical techniques. Factors considered include available coverage, claimant count, report year, bankruptcy, coverage dispute and case reserve amount. Future claims from unknown defendant policyholders were estimated based on claim reporting patterns and projected claim severities. 2007AsbestosSlides12408

Asbestos Payments & Reserves by Category # $ $ Traditional Defendants Tier 1 5 - 39 Traditional Defendants Tier 2 21 26 181 Peripheral Defendants Tiers 3 & 4 385 45 385 All Other 26 Reserves for future claims from unknown policyholders TBD - 162 ____ ____ ____ Total 411 71 793 No. of Open Total Net Net Asbestos Policy- Paid Reserves holders in 2007 At 12/31/07 At 12/31/07 ($ in millions) 2007AsbestosSlides12408

Asbestos Payments & Reserves by Category Total net asbestos reserves: $793M Case reserves of $356M Established by Claim Department on known claims IBNR reserves of $437M Includes provision for: potential reserve development on known defendant policyholders (development) future claims from unknown defendant policyholders (pure IBNR) future declaratory judgment actions and other litigation 2007AsbestosSlides12408

Asbestos Net Loss Reserve Comparison ($ in Millions) 2006 2005 2007AsbestosSlides12408 2007 Beginning Reserves $789 $880 $906 Incurred Losses & LAE 75 18 35 CY Payments for Losses (54) (88) (41) CY Payments for LAE (17) (21) (20) Ending Reserves $793 $789 $880 IBNR portion of Ending Reserves $437 $439 $467

Summary Chubb's asbestos net reserves of $793M at 12/31/07 are based on our 2007 analysis of our ultimate asbestos liabilities This reserve represents Chubb's best estimate of our ultimate asbestos liability This reserve amount is at full (undiscounted) value No consideration has been given for legislative or judicial relief The net reserve reflects a modest reinsurance recoverable amount of approximately 5% of the gross reserve 2007AsbestosSlides12408