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ACE Announces Earnings Guidance for 2009
Zurich, Switzerland - 18
- Operating Income per Diluted Share is expected to range between $7.25 and $8.25
- Catastrophe Losses included in our estimated earnings are $415 million pre-tax ($330 million after-tax)
"We are operating in a period of great uncertainty. Global economic and financial conditions will be difficult for the foreseeable future," said Evan G. Greenberg, Chairman and Chief Executive Officer of ACE Limited. "On the other hand, commercial property and casualty market conditions are in a state of change and this presents opportunity for ACE."
The ACE Group of Companies is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, the ACE Group of Companies conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com.