<ARTICLE> 7 <LEGEND> THE CHUBB CORPORATION Financial Data Schedule(*) (*) This schedule contains summary financial information extracted from the Consolidated Balance Sheets and the Consolidated Statements of Income and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1,000,000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> JAN-01-1996 <PERIOD-END> DEC-31-1996 <DEBT-HELD-FOR-SALE> 8,715<F1> <DEBT-CARRYING-VALUE> 2,444<F2> <DEBT-MARKET-VALUE> 2,573<F3> <EQUITIES> 646 <MORTGAGE> 0 <REAL-ESTATE> 0 <TOTAL-INVEST> 12,081 <CASH> 5 <RECOVER-REINSURE> 57<F4> <DEFERRED-ACQUISITION> 601 <TOTAL-ASSETS> 19,939 <POLICY-LOSSES> 9,524<F5> <UNEARNED-PREMIUMS> 2,618<F6> <POLICY-OTHER> 0 <POLICY-HOLDER-FUNDS> 0 <NOTES-PAYABLE> 1,260<F7> <COMMON> 176 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <OTHER-SE> 5,287<F8> <TOTAL-LIABILITY-AND-EQUITY> 19,939 <PREMIUMS> 4,569 <INVESTMENT-INCOME> 712 <INVESTMENT-GAINS> 80 <OTHER-INCOME> 320<F9> <BENEFITS> 3,011 <UNDERWRITING-AMORTIZATION> 1,238 <UNDERWRITING-OTHER> 290 <INCOME-PRETAX> 547 <INCOME-TAX> 61 <INCOME-CONTINUING> 486 <DISCONTINUED> 27 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 513 <EPS-PRIMARY> 2.90 <EPS-DILUTED> 0 <RESERVE-OPEN> 7,614 <PROVISION-CURRENT> 3,054 <PROVISION-PRIOR> (43) <PAYMENTS-CURRENT> 980 <PAYMENTS-PRIOR> 1,889 <RESERVE-CLOSE> 7,756 <CUMULATIVE-DEFICIENCY> (43) <FN> <F1>DEBT-HELD-FOR-SALE REPRESENTS FIXED MATURITY INVESTMENTS CLASSIFIED AS AVAILABLE-FOR-SALE AND CARRIED AT MARKET VALUE AS PRESCRIBED BY SFAS NO. 115. <F2>DEBT-CARRYING-VALUE REPRESENTS FIXED MATURITY INVESTMENTS CLASSIFIED AS HELD-TO-MATURITY AND CARRIED AT AMORTIZED COST AS PRESCRIBED BY SFAS NO. 115. <F3>DEBT-MARKET-VALUE REPRESENTS THE RELATED MARKET VALUE OF FIXED MATURITIES CLASSIFIED AS HELD-TO-MATURITY. <F4>RECOVER-REINSURE REPRESENTS REINSURANCE RECOVERABLE ON PAID CLAIMS. <F5>POLICY-LOSSES EXCLUDE THE REDUCTIONS FOR REINSURANCE RECOVERABLES ON UNPAID CLAIMS ($1,768), AS PRESCRIBED BY SFAS NO. 113. SUCH AMOUNTS ARE INCLUDED IN TOTAL ASSETS. <F6>UNEARNED-PREMIUMS EXCLUDE THE REDUCTION FOR PREPAID REINSURANCE PREMIUMS ($327) AS PRESCRIBED BY SFAS NO. 113. THIS PREPAID AMOUNT IS INCLUDED IN TOTAL ASSETS. <F7>NOTES-PAYABLE INCLUDES SHORT-TERM DEBT OF $189 AND LONG-TERM DEBT OF $1,071. <F8>OTHER-SE INCLUDES PAID IN SURPLUS; RETAINED EARNINGS; FOREIGN CURRENCY TRANSLATION LOSSES, NET OF INCOME TAX; UNREALIZED APPRECIATION OF INVESTMENTS, NET; RECEIVABLE FROM ESOP AND TREASURY STOCK. <F9>OTHER-INCOME REPRESENTS REVENUES FROM REAL ESTATE OPERATIONS. </FN>