Global insurer Ace Ltd reported earnings of $785 million in the third quarter.

The Zurich, Switzerland-based company with substantial operations in Bermuda said it had profit of $2.32 per share. Earnings, adjusted for investment costs, were $2.64 per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.39 per share.

The property and casualty insurer posted revenue of $5.35 billion in the period, which also topped Street forecasts. Analysts expected $4.76 billion, according to Zacks.

Ace shares have risen three percent since the beginning of the year, while the Standard & Poor’s 500 index has risen five percent. In the final minutes of trading yesterday, shares hit $106.70, an increase of 9.5 percent in the last 12 months.