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ACE LIMITED BOARD WILL RECOMMEND 4% DIVIDEND INCREASE AT 2013 AGM
ZURICH, Switzerland – 28 February, 2013 – The Board of Directors of ACE Limited (NYSE: ACE; BSX: ACE.BH) announced today that it will recommend to shareholders at the company’s 2013 Annual General Meeting a 4% increase in its quarterly dividend. The proposal calls for a $2.04 annual dividend, payable in four installments of $0.51 per quarter, compared to the current quarterly dividend amount of $0.49. The formula for determining the Swiss francs amount for quarterly installments will be described in the company’s Proxy Statement that will be distributed in advance of the Annual General Meeting, scheduled for May 16, 2013.
The Board of Directors also declared a quarterly dividend equal to $0.49 payable on April 12, 2013, to shareholders of record at the close of business on March 28, 2013, subject to a required filing with the Swiss Commercial Register. Dividend payments will be made in United States dollars (USD) by the company’s transfer agent. The company’s par value is currently 28.89 Swiss francs (CHF) per share, and in connection with this dividend installment, the par value per share will be reduced on the record date by the CHF equivalent of $0.49 based on the USD/CHF rate published on March 22, 2013. This will be the fourth of four par value reduction installments as approved by the company’s shareholders on May 16, 2012.
The ACE Group is one of the world’s largest multiline property and casualty insurers. With operations in 53 countries, ACE provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on the New York Stock Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional information can be found at: www.acegroup.com
Investor Contact:
Helen M. Wilson
(441) 299-9283
helen.wilson@acegroup.com
Media Contact:
Stephen M. Wasdick
(212) 827-4444