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Chubb: 1Q Earnings Snapshot

ZURICH (AP) _ Chubb Corp. (CB) on Tuesday reported first-quarter net income of $1.04 billion.

The Zurich-based company said it had profit of $2.25 per share. Earnings, adjusted for non-recurring costs, came to $2.54 per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.49 per share.

The insurer posted revenue of $8.01 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $7.55 billion.

Chubb shares have risen 12% since the beginning of the year, while the Standard & Poor's 500 index has risen 17%. In the final minutes of trading on Tuesday, shares hit $145, a rise of roughly 7% 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