Chubb estimates US tax change benefit
Created: Dec 27, 2017 12:00 AM (Updated: Dec 27, 2017 08:59 AM)
Positive impact: Chubb Limited estimates it will see a one-time benefit of more than $250 million as a result of US tax changes
Chubb Limited, which has offices in Bermuda, expects to record a one-time benefit from the new US tax law in excess of $250 million in the fourth quarter of this year.
Chubb’s preliminary estimate reflects the one-time impact of the reduced US corporate income tax rate and the deemed repatriation of foreign subsidiary earnings on the company’s net deferred tax liability position.
