WARREN, N.J.--The Chubb Corporation today reported that net income in the third quarter of 2004 was $364.0 million or $1.88 per share, compared to $259.8 million ($1.37 per share) in the third quarter of 2003.

Operating income, which the company defines as net income excluding after-tax realized investment gains and losses, increased to $332.3 million from $220.5 million in the third quarter of 2003. Operating income per share increased 48% to $1.72 from $1.16.

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