Chubb: Q3 Earnings Snapshot

ZURICH (AP) — ZURICH (AP) — Chubb Corp. (CB) on Tuesday reported third-quarter profit of $2.32 billion.

The Zurich-based company said it had profit of $5.70 per share. Earnings, adjusted for non-recurring costs, were $5.72 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $4.93 per share.

The insurer posted revenue of $14.85 billion in the period. Its adjusted revenue was $15.01 billion, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $15.25 billion.

Chubb shares have risen 27% since the beginning of the year, while the S&P's 500 index has climbed 22%. In the final minutes of trading on Tuesday, shares hit $287.20, a rise of 34% 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