ACE Reports Third Quarter Operating Income of $688 ACE Reports Third Quarter Operating Income of $688 Million,
Combined Ratio of 92.0% and Operating ROE of 11.5%;
Book Value up 10.8% and Tangible Book Value up 12.5% for the Year
•Total net premiums written up 8.6% in the quarter, up 11.1% in constant dollars
•Book value up 4.7% in the quarter and tangible book value up 5%
•Year-to-date combined ratio is 90.2%; operating ROE is 12.1%
•Year-to-date net income up over 140% and operating income up 27%
•Full-year guidance, updated for year-to-date results, is now $7.73 - $8.03 per share of after-tax operating income
October 23, 2012 04:05 PM Eastern Daylight Time
ZURICH--(BUSINESS WIRE)--ACE Limited (NYSE: ACE) today reported net income for the quarter ended September 30, 2012, of $1.86 per share, compared with a net loss of $0.11 per share for the same quarter last year.(1) Income excluding net realized gains (losses) was $2.01 per share, compared with $2.20 per share for the same quarter last year.(2) Book value and tangible book value increased 4.7% and 5.0%, respectively, from June 30, 2012. Book value and tangible book value per share now stand at $79.36 and $64.67, respectively. Operating return on equity for the quarter was 11.5%.(2) The property and casualty (P&C) combined ratio for the quarter was 92.0%.
https://news.acegroup.com/news/acegroup/20121023006830/en/ACE-Reports-Quarter-Operating-Income-688-Million
•Financial Supplement...
ACE Chart
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=ace&time=6&startdate=1%2F4%2F1999&enddate=1%2F8%2F2012&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=&ma=4&maval=9+15+50&uf=7168&lf=1&lf2=4&lf3=2&type=4&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11&x=0&y=0
Analyst Estimates
https://www.marketwatch.com/investing/stock/ace/analystestimates