Evan G. Greenberg, chairman and chief executive officer of Chubb Limited, commented: "Chubb had a very good quarter that contributed to a year of great accomplishment in both financial and non-financial results. After-tax operating income per share for the quarter was up over 14% while full-year earnings of $10.12 per share were up more than 3.5% and a record. Even with elevated natural catastrophe losses and soft P&C market conditions globally, our underwriting results in the quarter were simply excellent, highlighted by a P&C combined ratio of 87.6% and driven by strong performances from our global P&C businesses and our agriculture division, which had an outstanding quarter. For the year, our company's P&C combined ratio was 88% compared to 87.5% prior year as if we were one company then - simply world-class."