The Zurich-based company said it had profit of $2.86 per share. Earnings, adjusted for non-recurring costs, were $4.20 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.59 per share.
The insurer posted revenue of $9.94 billion in the period. Its adjusted revenue was $10.51 billion, which missed Street forecasts. Five analysts surveyed by Zacks expected $10.52 billion.
Chubb shares have decreased almost 3% since the beginning of the year, while the S&P’s 500 index has declined 18%. In the final minutes of trading on Tuesday, shares hit $188.28, a rise of 12% in the last 12 months.
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
