ZURICH (AP) — ZURICH (AP) — Chubb Corp. (CB) on Tuesday reported fourth-quarter net income of $3.21 billion.
On a per-share basis, the Zurich-based company said it had net income of $8.10. Earnings, adjusted for non-recurring gains, were $7.52 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $6.60 per share.
The insurer posted revenue of $15.07 billion in the period. Its adjusted revenue was $15.34 billion, also topping Street forecasts. Four analysts surveyed by Zacks expected $15.09 billion.
For the year, the company reported profit of $10.31 billion, or $25.68 per share. Revenue was reported as $59.96 billion.
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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
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