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Chubb: 4Q Earnings Snapshot

ZURICH (AP) _ Chubb Corp. (CB) on Tuesday reported fourth-quarter profit of $1.17 billion.

On a per-share basis, the Zurich-based company said it had net income of $2.57. Earnings, adjusted for non-recurring gains, were $2.28 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share.

The insurer posted revenue of $9.06 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $8.16 billion.

For the year, the company reported profit of $4.45 billion, or $9.71 per share. Revenue was reported as $35.31 billion.

Chubb shares have declined roughly 1% since the beginning of the year, while the Standard & Poor's 500 index has risen 2%. In the final minutes of trading on Tuesday, shares hit $154.30, a climb of 15% 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