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ACE Limited Announces Earnings Guidance For 2010
ZURICH, Switzerland – 06 January, 2010 - ACE Limited (NYSE: ACE) announced the following earnings guidance for the ACE Group for the full year 2010:
Operating Income per Diluted Share is expected to range between $6.25 and $6.75
Catastrophe Losses included in our estimated earnings are $390 million pre-tax ($317 million after-tax)
The operating income projections included in this guidance are for current accident year results only and by definition do not include any estimate for prior period reserve development. Current third party earnings estimates for the company, however, may include assumed amounts of prior period reserve development and as a result may not be viewed on a comparable basis to this earnings guidance.
The ACE Group is a global leader in insurance and reinsurance serving a diverse group of clients. Headed by ACE Limited, the ACE Group conducts its business on a worldwide basis with operating subsidiaries in more than 50 countries. Additional information can be found at: www.acelimited.com.
Contact Information
Investor Contact:
Helen M. Wilson (441) 299-9283 helen.wilson@acegroup.com
Media Contact:
Stephen M. Wasdick (212) 827-4444 stephen.wasdick@acegroup.com