Exhibit 99.2

The	Supplementary	December 31, 2013
Chubb	Investor
Corporation	Information

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, 2013

	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	16-18

THE CHUBB CORPORATION

CONSOLIDATED BALANCE SHEET HIGHLIGHTS

AS OF DECEMBER 31

(in millions, except per share amounts)

	2013						2012
				% of Total						% of Total
Invested Assets (at carrying value)
Short Term Investments	$	2,114			5	%	$	2,528			6	%
Fixed Maturities
Tax Exempt		18,421			43			19,913			45
Taxable		18,670			44			18,163			41
Equity Securities		1,810			4			1,663			4
Other Invested Assets		1,598			4			1,954			4
Total Invested Assets	$	42,613			100	%	$	44,221			100	%
Unrealized Appreciation of Investments
Fixed Maturities	$	1,132					$	2,678
Equity Securities		753						419
		1,885						3,097
Deferred Income Tax Liability		660						1,084
	$	1,225					$	2,013
Capitalization
Long Term Debt	$	3,300					$	3,575
Shareholders’ Equity		16,097						15,827
Total Capitalization	$	19,397					$	19,402
Debt as a Percentage of Total Capitalization		17.0	%					18.4	%
Actual Common Shares Outstanding		248.3						261.8
Book Value Per Common Share	$	64.83					$	60.45
Book Value Per Common Share, with Available-for-Sale Fixed Maturities at Amortized Cost	$	61.86					$	53.80

Page 1 of 18

THE CHUBB CORPORATION

SHARE REPURCHASE ACTIVITY

(dollars in millions, except per share amounts)

	Periods Ended December 31
	Fourth Quarter 2013		Twelve Months 2013		From December 2005 to December 31, 2013
Cost of Shares Repurchased	$	325	$	1,300	$	11,913
Average Cost Per Share	$	93.72	$	87.33	$	56.18
Shares Repurchased		3,469,086		14,887,701		212,072,934

During the period from December 2005 through December 2010, the Board of Directors authorized the repurchase of a total of 185 million shares of the Corporation’s common stock. No shares remain under these repurchase authorizations.

In January 2012, the Board of Directors authorized the repurchase of up to $1.2 billion of the Corporation’s common stock. In January 2013, the Board of Directors authorized the repurchase of up to $1.3 billion of the Corporation’s common stock, which authorization replaced the January 2012 authorization. The January 2013 authorization has no expiration date and, as of December 31, 2013, approximately $107 million remained under this authorization.

Page 2 of 18

THE CHUBB CORPORATION

SUMMARY OF INVESTED ASSETS

AS OF DECEMBER 31

CORPORATE

	Cost or Amortized Cost				Carrying Value (a)
	2013		2012		2013		2012
	(in millions)
Short Term Investments	$	864	$	943	$	864	$	943
Taxable Fixed Maturities		1,115		1,296		1,130		1,333
Equity Securities		—		176		2		215
Other Invested Assets		—		68		—		68
TOTAL	$	1,979	$	2,483	$	1,996	$	2,559

PROPERTY AND CASUALTY

	Cost or Amortized Cost				Carrying Value (a)
	2013		2012		2013		2012
	(in millions)
Short Term Investments	$	1,250	$	1,585	$	1,250	$	1,585
Fixed Maturities
Tax Exempt		17,808		18,410		18,421		19,913
Taxable		17,036		15,692		17,540		16,830
Equity Securities		1,057		1,068		1,808		1,448
Other Invested Assets		1,598		1,886		1,598		1,886
TOTAL	$	38,749	$	38,641	$	40,617	$	41,662

(a) Short term investments are carried at amortized cost, which approximates fair value. Fixed maturities and equity securities are carried at fair value. Other invested assets include private equity limited partnerships carried at the Corporation’s equity in the net assets of the partnerships.

Page 3 of 18

THE CHUBB CORPORATION

INVESTMENT INCOME AFTER TAXES

	Periods Ended December 31
	Fourth Quarter						Twelve Months
	2013			2012			2013			2012
	(in millions)
CORPORATE INVESTMENT INCOME	$	4		$	6		$	16		$	24
PROPERTY AND CASUALTY INVESTMENT INCOME
Tax Exempt Interest	$	170		$	182		$	693		$	735
Taxable Interest		107			105			417			439
Other		14			14			57			53
Investment Expenses		(7	)		(5	)		(29	)		(23	)
TOTAL	$	284		$	296		$	1,138		$	1,204
Effective Tax Rate		18.6	%		18.9	%		18.2	%		18.8	%
After-Tax Annualized Yield		2.86	%		3.04	%		2.88	%		3.12	%

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 fair value.

STATUTORY POLICYHOLDERS’ SURPLUS

AS OF DECEMBER 31

	2013		2012		2011
	(in millions)
Estimated Statutory Policyholders’ Surplus	$	15,000	$	14,117	$	13,958
Rolling Year Statutory Net Premiums Written	$	12,214	$	11,861	$	11,778
Ratio of Statutory Net Premiums Written to Policyholders’ Surplus		0.81:1		0.84:1		0.84:1

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

Page 4 of 18

THE CHUBB CORPORATION

PROPERTY AND CASUALTY

CHANGE IN NET UNPAID LOSSES

TWELVE MONTHS ENDED DECEMBER 31, 2013

	Net Unpaid Losses										All Other
	12/31/13		12/31/12		Increase (Decrease)			IBNR Increase (Decrease)			Unpaid Losses Increase (Decrease)
	(in millions)
Personal Insurance
Automobile	$	390	$	387	$	3		$	—		$	3
Homeowners		715		898		(183	)		(131	)		(52	)
Other		968		926		42			31			11
Total Personal		2,073		2,211		(138	)		(100	)		(38	)
Commercial Insurance
Multiple Peril		1,745		1,799		(54	)		(44	)		(10	)
Casualty		6,576		6,485		91			22			69
Workers’ Compensation		2,793		2,607		186			144			42
Property and Marine		886		1,316		(430	)		(337	)		(93	)
Total Commercial		12,000		12,207		(207	)		(215	)		8
Specialty Insurance
Professional Liability		6,889		7,150		(261	)		(213	)		(48	)
Surety		71		83		(12	)		(3	)		(9	)
Total Specialty		6,960		7,233		(273	)		(216	)		(57	)
Total Insurance		21,033		21,651		(618	)		(531	)		(87	)
Reinsurance Assumed		311		371		(60	)		(48	)		(12	)
Total	$	21,344	$	22,022	$	(678	)	$	(579	)	$	(99	)

Page 5 of 18

THE CHUBB CORPORATION - WORLDWIDE

PROPERTY AND CASUALTY UNDERWRITING RESULTS

FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2013 AND 2012

(DOLLARS IN MILLIONS)

	Personal Automobile						Homeowners						Other Personal						Total Personal
	2013			2012			2013			2012			2013			2012			2013			2012
Net Premiums Written	$	731		$	691		$	2,662		$	2,554		$	929		$	880		$	4,322		$	4,125
Decrease (Increase) in Unearned Premiums		(25	)		(20	)		(64	)		(65	)		(19	)		(16	)		(108	)		(101	)
Net Premiums Earned		706			671			2,598			2,489			910			864			4,214			4,024
Net Losses Paid		435			437			1,456			1,377			451			458			2,342			2,272
Increase (Decrease) in Outstanding Losses		13			(12	)		(176	)		127			45			30			(118	)		145
Net Losses Incurred		448			425			1,280			1,504			496			488			2,224			2,417
Expenses Incurred		229			208			878			863			374			344			1,481			1,415
Dividends Incurred		—			—			—			—			—			—			—			—
Statutory Underwriting Income (Loss)	$	29		$	38		$	440		$	122		$	40		$	32		$	509		$	192
Ratios After Dividends to Policyholders:
Loss		63.5	%		63.3	%		49.3	%		60.4	%		54.5	%		56.5	%		52.8	%		60.1	%
Expense		31.3			30.1			33.0			33.8			40.3			39.1			34.2			34.3
Combined		94.8	%		93.4	%		82.3	%		94.2	%		94.8	%		95.6	%		87.0	%		94.4	%
Premiums Written as a % of Total		6.0	%		5.8	%		21.8	%		21.6	%		7.6	%		7.4	%		35.4	%		34.8	%
		RESULTS EXCLUDING THE IMPACT OF CATASTROPHES:
Net Premiums Written	$	731		$	691		$	2,662		$	2,579		$	929		$	880		$	4,322		$	4,150
Net Premiums Earned	$	706		$	671		$	2,598		$	2,514		$	910		$	864		$	4,214		$	4,049
Net Losses Incurred	$	443		$	405		$	982		$	1,000		$	495		$	482		$	1,920		$	1,887
Statutory Underwriting Income	$	34		$	58		$	738		$	651		$	41		$	38		$	813		$	747
Combined Ratio		94.1	%		90.5	%		70.8	%		73.2	%		94.7	%		94.9	%		79.8	%		80.7	%

Page 6 of 18

THE CHUBB CORPORATION - WORLDWIDE

PROPERTY AND CASUALTY UNDERWRITING RESULTS

FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2013 AND 2012

(DOLLARS IN MILLIONS)

	Commercial Multiple Peril						Commercial Casualty						Commercial Workers’ Compensation						Commercial Property and Marine						Total Commercial
	2013			2012			2013			2012			2013			2012			2013			2012			2013			2012
Net Premiums Written	$	1,113		$	1,119		$	1,635		$	1,641		$	1,091		$	1,014		$	1,434		$	1,400		$	5,273		$	5,174
Decrease (Increase) in Unearned Premiums		2			9			11			—			(46	)		(40	)		(3	)		1			(36	)		(30	)
Net Premiums Earned		1,115			1,128			1,646			1,641			1,045			974			1,431			1,401			5,237			5,144
Net Losses Paid		560			583			1,011			838			494			464			1,001			940			3,066			2,825
Increase (Decrease) in Outstanding Losses		(47	)		62			114			211			184			214			(426	)		200			(175	)		687
Net Losses Incurred		513			645			1,125			1,049			678			678			575			1,140			2,891			3,512
Expenses Incurred		415			409			473			463			238			219			494			471			1,620			1,562
Dividends Incurred		—			—			—			—			34			26			—			—			34			26
Statutory Underwriting Income (Loss)	$	187		$	74		$	48		$	129		$	95		$	51		$	362		$	(210	)	$	692		$	44
Ratios After Dividends to Policyholders:
Loss		46.0	%		57.2	%		68.4	%		63.9	%		67.1	%		71.5	%		40.2	%		81.4	%		55.6	%		68.6	%
Expense		37.3			36.5			28.9			28.2			22.5			22.2			34.4			33.6			30.9			30.4
Combined		83.3	%		93.7	%		97.3	%		92.1	%		89.6	%		93.7	%		74.6	%		115.0	%		86.5	%		99.0	%
Premiums Written as a % of Total		9.1	%		9.4	%		13.4	%		13.8	%		8.9	%		8.6	%		11.7	%		11.8	%		43.1	%		43.6	%
		RESULTS EXCLUDING THE IMPACT OF CATASTROPHES:
Net Premiums Written	$	1,113		$	1,124		$	1,635		$	1,641		$	1,091		$	1,014		$	1,434		$	1,423		$	5,273		$	5,202
Net Premiums Earned	$	1,115		$	1,133		$	1,646		$	1,641		$	1,045		$	974		$	1,431		$	1,424		$	5,237		$	5,172
Net Losses Incurred	$	476		$	526		$	1,123		$	1,046		$	671		$	667		$	513		$	716		$	2,783		$	2,955
Statutory Underwriting Income	$	224		$	198		$	50		$	132		$	102		$	62		$	424		$	237		$	800		$	629
Combined Ratio		80.0	%		82.8	%		97.2	%		92.0	%		88.9	%		92.5	%		70.3	%		83.4	%		84.4	%		87.6	%

Page 7 of 18

THE CHUBB CORPORATION - WORLDWIDE

PROPERTY AND CASUALTY UNDERWRITING RESULTS

FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2013 AND 2012

(DOLLARS IN MILLIONS)

	Professional Liability						Surety						Total Specialty
	2013			2012			2013			2012			2013			2012
Net Premiums Written	$	2,319		$	2,273		$	314		$	295		$	2,633		$	2,568
Decrease (Increase) in Unearned Premiums		(16	)		75			1			23			(15	)		98
Net Premiums Earned		2,303			2,348			315			318			2,618			2,666
Net Losses Paid		1,613			1,630			33			24			1,646			1,654
Increase (Decrease) in Outstanding Losses		(218	)		(41	)		(11	)		9			(229	)		(32	)
Net Losses Incurred		1,395			1,589			22			33			1,417			1,622
Expenses Incurred		667			659			125			119			792			778
Dividends Incurred		—			—			3			4			3			4
Statutory Underwriting Income (Loss)	$	241		$	100		$	165		$	162		$	406		$	262
Ratios After Dividends to Policyholders:
Loss		60.6	%		67.7	%		7.0	%		10.5	%		54.2	%		60.9	%
Expense		28.7			29.0			40.2			40.9			30.1			30.4
Combined		89.3	%		96.7	%		47.2	%		51.4	%		84.3	%		91.3	%
Premiums Written as a % of Total		19.0	%		19.1	%		2.5	%		2.5	%		21.5	%		21.6	%
		RESULTS EXCLUDING THE IMPACT OF CATASTROPHES:
Net Premiums Written	$	2,319		$	2,273		$	314		$	295		$	2,633		$	2,568
Net Premiums Earned	$	2,303		$	2,348		$	315		$	318		$	2,618		$	2,666
Net Losses Incurred	$	1,395		$	1,589		$	22		$	33		$	1,417		$	1,622
Statutory Underwriting Income	$	241		$	100		$	165		$	162		$	406		$	262
Combined Ratio		89.3	%		96.7	%		47.2	%		51.4	%		84.3	%		91.3	%

Page 8 of 18

THE CHUBB CORPORATION - WORLDWIDE

PROPERTY AND CASUALTY UNDERWRITING RESULTS

FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2013 AND 2012

(DOLLARS IN MILLIONS)

	Total Insurance						Reinsurance Assumed						Worldwide Total
	2013			2012			2013			2012			2013			2012
Net Premiums Written	$	12,228		$	11,867		$	(4	)	$	3		$	12,224		$	11,870
Decrease (Increase) in Unearned Premiums		(159	)		(33	)		1			1			(158	)		(32	)
Net Premiums Earned		12,069			11,834			(3	)		4			12,066			11,838
Net Losses Paid		7,054			6,751			48			65			7,102			6,816
Increase (Decrease) in Outstanding Losses		(522	)		800			(60	)		(109	)		(582	)		691
Net Losses Incurred		6,532			7,551			(12	)		(44	)		6,520			7,507
Expenses Incurred		3,893			3,755			—			1			3,893			3,756
Dividends Incurred		37			30			—			—			37			30
Statutory Underwriting Income (Loss)	$	1,607		$	498		$	9		$	47			1,616			545
Increase in Deferred Acquisition Costs														59			3
GAAP Underwriting Income													$	1,675		$	548
Ratios After Dividends to Policyholders:
Loss		54.3	%		64.0	%		*	%		*	%		54.2	%		63.6	%
Expense		31.9			31.7			*			*			31.9			31.7
Combined		86.2	%		95.7	%		*	%		*	%		86.1	%		95.3	%
Premiums Written as a % of Total		100.0	%		100.0	%		0.0	%		0.0	%		100.0	%		100.0	%
		RESULTS EXCLUDING THE IMPACT OF CATASTROPHES:
Net Premiums Written	$	12,228		$	11,920		$	(4	)	$	3		$	12,224		$	11,923
Net Premiums Earned	$	12,069		$	11,887		$	(3	)	$	4		$	12,066		$	11,891
Net Losses Incurred	$	6,120		$	6,464		$	(12	)	$	(44	)	$	6,108		$	6,420
Statutory Underwriting Income	$	2,019		$	1,638		$	9		$	47		$	2,028		$	1,685
Combined Ratio		82.8	%		86.1	%		*	%		*	%		82.7	%		85.7	%

* Combined, loss and expense ratios are no longer presented for the Reinsurance Assumed business since it is in runoff.

Page 9 of 18

THE CHUBB CORPORATION - WORLDWIDE

PROPERTY AND CASUALTY UNDERWRITING RESULTS

FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2013 AND 2012

(DOLLARS IN MILLIONS)

	United States						Outside the United States						Worldwide Total
	2013			2012			2013			2012			2013			2012
Net Premiums Written	$	9,126		$	8,779		$	3,098		$	3,091		$	12,224		$	11,870
Decrease (Increase) in Unearned Premiums		(119	)		(32	)		(39	)		—			(158	)		(32	)
Net Premiums Earned		9,007			8,747			3,059			3,091			12,066			11,838
Net Losses Paid		5,465			5,310			1,637			1,506			7,102			6,816
Increase (Decrease) in Outstanding Losses		(647	)		515			65			176			(582	)		691
Net Losses Incurred		4,818			5,825			1,702			1,682			6,520			7,507
Expenses Incurred		2,720			2,610			1,173			1,146			3,893			3,756
Dividends Incurred		37			30			—			—			37			30
Statutory Underwriting Income (Loss)	$	1,432		$	282		$	184		$	263			1,616			545
Increase in Deferred Acquisition Costs														59			3
GAAP Underwriting Income													$	1,675		$	548
Ratios After Dividends to Policyholders:
Loss		53.7	%		66.8	%		55.6	%		54.4	%		54.2	%		63.6	%
Expense		29.9			29.8			37.9			37.1			31.9			31.7
Combined		83.6	%		96.6	%		93.5	%		91.5	%		86.1	%		95.3	%
Premiums Written as a % of Total		74.7	%		74.0	%		25.3	%		26.0	%		100.0	%		100.0	%
		RESULTS EXCLUDING THE IMPACT OF CATASTROPHES:
Net Premiums Written	$	9,126		$	8,832		$	3,098		$	3,091		$	12,224		$	11,923
Net Premiums Earned	$	9,007		$	8,800		$	3,059		$	3,091		$	12,066		$	11,891
Net Losses Incurred	$	4,572		$	4,730		$	1,536		$	1,690		$	6,108		$	6,420
Statutory Underwriting Income	$	1,678		$	1,430		$	350		$	255		$	2,028		$	1,685
Combined Ratio		80.9	%		83.6	%		88.1	%		91.8	%		82.7	%		85.7	%

Page 10 of 18

THE CHUBB CORPORATION - WORLDWIDE

PROPERTY AND CASUALTY UNDERWRITING RESULTS

FOR THE QUARTERS ENDED DECEMBER 31, 2013 AND 2012

(DOLLARS IN MILLIONS)

	Personal Automobile						Homeowners						Other Personal						Total Personal
	2013			2012			2013			2012			2013			2012			2013			2012
Net Premiums Written	$	175		$	172		$	651		$	614		$	249		$	228		$	1,075		$	1,014
Decrease (Increase) in Unearned Premiums		1			—			6			1			(9	)		(4	)		(2	)		(3	)
Net Premiums Earned		176			172			657			615			240			224			1,073			1,011
Net Losses Paid		116			131			365			441			124			116			605			688
Increase (Decrease) in Outstanding Losses		(4	)		(14	)		(81	)		158			13			12			(72	)		156
Net Losses Incurred		112			117			284			599			137			128			533			844
Expenses Incurred		53			50			212			208			99			91			364			349
Dividends Incurred		—			—			—			—			—			—			—			—
Statutory Underwriting Income (Loss)	$	11		$	5		$	161		$	(192	)	$	4		$	5		$	176		$	(182	)
Ratios After Dividends to Policyholders:
Loss		63.6	%		68.0	%		43.2	%		97.4	%		57.1	%		57.2	%		49.7	%		83.5	%
Expense		30.3			29.1			32.6			33.9			39.7			39.9			33.8			34.4
Combined		93.9	%		97.1	%		75.8	%		131.3	%		96.8	%		97.1	%		83.5	%		117.9	%
Premiums Written as a % of Total		5.8	%		5.9	%		21.4	%		21.1	%		8.2	%		7.9	%		35.4	%		34.9	%
		RESULTS EXCLUDING THE IMPACT OF CATASTROPHES:
Net Premiums Written	$	175		$	172		$	651		$	639		$	249		$	228		$	1,075		$	1,039
Net Premiums Earned	$	176		$	172		$	657		$	640		$	240		$	224		$	1,073		$	1,036
Net Losses Incurred	$	111		$	101		$	228		$	235		$	137		$	122		$	476		$	458
Statutory Underwriting Income (Loss)	$	12		$	21		$	217		$	197		$	4		$	11		$	233		$	229
Combined Ratio		93.3	%		87.8	%		67.3	%		69.3	%		96.8	%		94.4	%		78.2	%		77.8	%

Page 11 of 18

THE CHUBB CORPORATION - WORLDWIDE

PROPERTY AND CASUALTY UNDERWRITING RESULTS

FOR THE QUARTERS ENDED DECEMBER 31, 2013 AND 2012

(DOLLARS IN MILLIONS)

	Commercial Multiple Peril						Commercial Casualty						Commercial Workers’ Compensation						Commercial Property and Marine						Total Commercial
	2013			2012			2013			2012			2013			2012			2013			2012			2013			2012
Net Premiums Written	$	279		$	279		$	395		$	393		$	245		$	225		$	340		$	308		$	1,259		$	1,205
Decrease (Increase) in Unearned Premiums		—			—			13			11			22			23			15			15			50			49
Net Premiums Earned		279			279			408			404			267			248			355			323			1,309			1,254
Net Losses Paid		139			171			297			209			125			114			249			226			810			720
Increase (Decrease) in Outstanding Losses		(30	)		24			5			57			53			50			(74	)		260			(46	)		391
Net Losses Incurred		109			195			302			266			178			164			175			486			764			1,111
Expenses Incurred		96			95			114			110			54			48			115			104			379			357
Dividends Incurred		—			—			—			—			8			5			—			—			8			5
Statutory Underwriting Income (Loss)	$	74		$	(11	)	$	(8	)	$	28		$	27		$	31		$	65		$	(267	)	$	158		$	(219	)
Ratios After Dividends to Policyholders:
Loss		39.1	%		69.9	%		74.0	%		65.8	%		68.7	%		67.5	%		49.3	%		150.4	%		58.7	%		88.9	%
Expense		34.4			34.0			28.9			28.0			22.8			21.8			33.8			33.8			30.3			29.8
Combined		73.5	%		103.9	%		102.9	%		93.8	%		91.5	%		89.3	%		83.1	%		184.2	%		89.0	%		118.7	%
Premiums Written as a % of Total		9.2	%		9.6	%		13.0	%		13.5	%		8.0	%		7.7	%		11.2	%		10.6	%		41.4	%		41.4	%
		RESULTS EXCLUDING THE IMPACT OF CATASTROPHES:
Net Premiums Written	$	279		$	284		$	395		$	393		$	245		$	225		$	340		$	331		$	1,259		$	1,233
Net Premiums Earned	$	279		$	284		$	408		$	404		$	267		$	248		$	355		$	346		$	1,309		$	1,282
Net Losses Incurred	$	109		$	118		$	302		$	265		$	176		$	162		$	169		$	129		$	756		$	674
Statutory Underwriting Income (Loss)	$	74		$	71		$	(8	)	$	29		$	29		$	33		$	71		$	113		$	166		$	246
Combined Ratio		73.5	%		75.0	%		102.9	%		93.6	%		90.7	%		88.5	%		81.4	%		68.7	%		88.4	%		81.9	%

Page 12 of 18

THE CHUBB CORPORATION - WORLDWIDE

PROPERTY AND CASUALTY UNDERWRITING RESULTS

FOR THE QUARTERS ENDED DECEMBER 31, 2013 AND 2012

(DOLLARS IN MILLIONS)

	Professional Liability						Surety						Total Specialty
	2013			2012			2013			2012			2013			2012
Net Premiums Written	$	627		$	613		$	78		$	75		$	705		$	688
Decrease (Increase) in Unearned Premiums		(49	)		(32	)		3			5			(46	)		(27	)
Net Premiums Earned		578			581			81			80			659			661
Net Losses Paid		489			461			14			7			503			468
Increase (Decrease) in Outstanding Losses		(141	)		(69	)		(1	)		1			(142	)		(68	)
Net Losses Incurred		348			392			13			8			361			400
Expenses Incurred		161			161			29			30			190			191
Dividends Incurred		—			—			1			2			1			2
Statutory Underwriting Income (Loss)	$	69		$	28		$	38		$	40		$	107		$	68
Ratios After Dividends to Policyholders:
Loss		60.2	%		67.5	%		16.2	%		10.3	%		54.9	%		60.7	%
Expense		25.7			26.2			37.7			41.1			27.0			27.8
Combined		85.9	%		93.7	%		53.9	%		51.4	%		81.9	%		88.5	%
Premiums Written as a % of Total		20.6	%		21.1	%		2.6	%		2.6	%		23.2	%		23.7	%
		RESULTS EXCLUDING THE IMPACT OF CATASTROPHES:
Net Premiums Written	$	627		$	613		$	78		$	75		$	705		$	688
Net Premiums Earned	$	578		$	581		$	81		$	80		$	659		$	661
Net Losses Incurred	$	348		$	392		$	13		$	8		$	361		$	400
Statutory Underwriting Income (Loss)	$	69		$	28		$	38		$	40		$	107		$	68
Combined Ratio		85.9	%		93.7	%		53.9	%		51.4	%		81.9	%		88.5	%

Page 13 of 18

THE CHUBB CORPORATION - WORLDWIDE

PROPERTY AND CASUALTY UNDERWRITING RESULTS

FOR THE QUARTERS ENDED DECEMBER 31, 2013 AND 2012

(DOLLARS IN MILLIONS)

	Total Insurance						Reinsurance Assumed						Worldwide Total
	2013			2012			2013			2012			2013			2012
Net Premiums Written	$	3,039		$	2,907		$	(1	)	$	1		$	3,038		$	2,908
Decrease (Increase) in Unearned Premiums		2			19			—			—			2			19
Net Premiums Earned		3,041			2,926			(1	)		1			3,040			2,927
Net Losses Paid		1,918			1,876			19			13			1,937			1,889
Increase (Decrease) in Outstanding Losses		(260	)		479			(19	)		(25	)		(279	)		454
Net Losses Incurred		1,658			2,355			—			(12	)		1,658			2,343
Expenses Incurred		933			897			—			—			933			897
Dividends Incurred		9			7			—			—			9			7
Statutory Underwriting Income (Loss)	$	441		$	(333	)	$	(1	)	$	13			440			(320	)
Decrease in Deferred Acquisition Costs														(10	)		(12	)
GAAP Underwriting Income (Loss)													$	430		$	(332	)
Ratios After Dividends to Policyholders:
Loss		54.7	%		80.7	%		*	%		*	%		54.7	%		80.3	%
Expense		30.8			30.9			*			*			30.8			30.9
Combined		85.5	%		111.6	%		*	%		*	%		85.5	%		111.2	%
Premiums Written as a % of Total		100.0	%		100.0	%		0.0	%		0.0	%		100.0	%		100.0	%
		RESULTS EXCLUDING THE IMPACT OF CATASTROPHES:
Net Premiums Written	$	3,039		$	2,960		$	(1	)	$	1		$	3,038		$	2,961
Net Premiums Earned	$	3,041		$	2,979		$	(1	)	$	1		$	3,040		$	2,980
Net Losses Incurred	$	1,593		$	1,532		$	—		$	(12	)	$	1,593		$	1,520
Statutory Underwriting
Income (Loss)	$	506		$	543		$	(1	)	$	13		$	505		$	556
Combined Ratio		83.4	%		81.9	%		*	%		*	%		83.4	%		81.5	%

* Combined, loss and expense ratios are no longer presented for the Reinsurance Assumed business since it is in runoff.

Page 14 of 18

THE CHUBB CORPORATION - WORLDWIDE

PROPERTY AND CASUALTY UNDERWRITING RESULTS

FOR THE QUARTERS ENDED DECEMBER 31, 2013 AND 2012

(DOLLARS IN MILLIONS)

	United States						Outside the United States						Worldwide Total
	2013			2012			2013			2012			2013			2012
Net Premiums Written	$	2,264		$	2,109		$	774		$	799		$	3,038		$	2,908
Decrease (Increase) in Unearned Premiums		10			32			(8	)		(13	)		2			19
Net Premiums Earned		2,274			2,141			766			786			3,040			2,927
Net Losses Paid		1,483			1,466			454			423			1,937			1,889
Increase (Decrease) in Outstanding Losses		(278	)		495			(1	)		(41	)		(279	)		454
Net Losses Incurred		1,205			1,961			453			382			1,658			2,343
Expenses Incurred		645			608			288			289			933			897
Dividends Incurred		9			7			—			—			9			7
Statutory Underwriting Income (Loss)	$	415		$	(435	)	$	25		$	115			440			(320	)
Decrease in Deferred Acquisition Costs														(10	)		(12	)
GAAP Underwriting Income (Loss)													$	430		$	(332	)
Ratios After Dividends to Policyholders:
Loss		53.2	%		91.9	%		59.1	%		48.6	%		54.7	%		80.3	%
Expense		28.6			28.9			37.2			36.2			30.8			30.9
Combined		81.8	%		120.8	%		96.3	%		84.8	%		85.5	%		111.2	%
Premiums Written as a % of Total		74.5	%		72.5	%		25.5	%		27.5	%		100.0	%		100.0	%
		RESULTS EXCLUDING THE IMPACT OF CATASTROPHES:
Net Premiums Written	$	2,264		$	2,162		$	774		$	799		$	3,038		$	2,961
Net Premiums Earned	$	2,274		$	2,194		$	766		$	786		$	3,040		$	2,980
Net Losses Incurred	$	1,190		$	1,134		$	403		$	386		$	1,593		$	1,520
Statutory Underwriting Income (Loss)	$	430		$	445		$	75		$	111		$	505		$	556
Combined Ratio		81.1	%		80.1	%		89.8	%		85.3	%		83.4	%		81.5	%

Page 15 of 18

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, certain 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 results because it reflects the impact of any change in the proportion of tax exempt investment income to total investment income 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 (loss), the after-tax appreciation or depreciation, including unrealized other-than-temporary impairment losses, of the Corporation’s available-for-sale fixed maturities, which are carried at fair value. The appreciation or depreciation of 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.

Page 16 of 18

THE CHUBB CORPORATION

Definitions of Key Terms

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.

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.

Net Premiums Written Excluding the Impact of Catastrophes and Net Premiums Earned Excluding the Impact of Catastrophes

Management has included net premiums written excluding the impact of catastrophes and net premiums earned excluding the impact of catastrophes, non-GAAP financial measures, so as to exclude reinsurance reinstatement premium costs related to a major catastrophe event from net premiums written and net premiums earned, as inclusion of such reinsurance reinstatement premium costs could distort the analysis of trends in premiums.

Net Losses Incurred Excluding the Impact of Catastrophes

Management has included net losses incurred excluding the impact of catastrophes, a non-GAAP financial measure, since management believes such information is helpful in evaluating results in a period when the Corporation experienced an unusually large individual catastrophe event, as the impact of such event could distort the analysis of trends.

Page 17 of 18

THE CHUBB CORPORATION

Definitions of Key Terms

Return on Equity and Operating Return on Equity

Return on equity is the ratio of annualized net income divided by average shareholders’ equity. Average shareholders’ equity is the average of the beginning and all quarter-end balances within the period.

Operating return on equity, a non-GAAP measure, is the ratio of annualized operating income divided by average shareholders’ equity excluding the after-tax unrealized appreciation or depreciation of investments. Consolidated shareholders’ equity includes, as part of accumulated other comprehensive income (loss), the after-tax appreciation or depreciation, including unrealized other-than-temporary impairment losses, of the Corporation’s available-for-sale fixed maturities and equity securities, which are carried at fair value. The appreciation or depreciation of available-for-sale fixed maturities and equity securities is subject to fluctuation and could distort the analysis of trends. Average shareholders’ equity excluding the after-tax unrealized appreciation or depreciation of investments is the average of the beginning and all quarter-end balances within the period. Management uses operating return on equity, among other measures, to assess the overall performance of the Corporation.

	Periods Ended December 31
	Fourth Quarter						Twelve Months
	2013			2012			2013			2012
	(dollars in millions)
Annualized Net Income	$	2,276		$	408		$	2,345		$	1,545
Average Shareholders’ Equity	$	15,859		$	15,901		$	15,817		$	15,631
Return on Equity		14.4	%		2.6	%		14.8	%		9.9	%
Annualized Operating Income	$	2,104		$	176		$	2,084		$	1,420
Average Shareholders’ Equity Excluding Unrealized Appreciation or Depreciation	$	14,590		$	13,850		$	14,240		$	13,733
Operating Return on Equity		14.4	%		1.3	%		14.6	%		10.3	%

Page 18 of 18