Chubb estimates US tax change benefit
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.
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