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Chubb estimates one-time benefit of $250M from new tax law

Chubb Ltd. estimates a one-time benefit in excess of $250 million in the fourth quarter of 2017 as a result of the new U.S. tax law.

The preliminary estimate reflects the impact of the reduced U.S. corporate income tax rate and the assumed repatriation of foreign subsidiary earnings on the company's net deferred tax liability position.