ZURICH (AP) — ZURICH (AP) — Chubb Corp. (CB) on Tuesday reported second-quarter profit of $2.85 billion.
The Zurich-based company said it had profit of $7.30 per share. Earnings, adjusted for non-recurring gains, came to $7.26 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $6.63 per share.
The insurer posted revenue of $15.82 billion in the period. Its adjusted revenue was $15.77 billion, which fell short of Street forecasts. Five analysts surveyed by Zacks expected $15.9 billion.
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