Chubb Ltd. said late Tuesday it expects a one-time benefit in excess of $250 million in the fourth quarter with the passage of the U.S. tax overhaul. ” Chubb’s preliminary estimate reflects the one-time impact of the reduced U.S. corporate income tax rate and the deemed repatriation of foreign subsidiary earnings on the company’s net deferred tax liability position,” the insurer said in a statement. Chubb shares were unchanged at $145.31 after hours.
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