ZURICH (AP) — ZURICH (AP) — Chubb Corp. (CB) on Tuesday reported third-quarter net income of $2.04 billion.
On a per-share basis, the Zurich-based company said it had net income of $4.95.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $4.21 per share.
The insurer posted revenue of $13.85 billion in the period. Its adjusted revenue was $14.09 billion, also beating Street forecasts. Six analysts surveyed by Zacks expected $13.16 billion.
Chubb shares have fallen 4% since the beginning of the year, while the S&P's 500 index has risen 11%. In the final minutes of trading on Tuesday, shares hit $211.44, an increase of 4% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CB at https://www.zacks.com/ap/CB