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ACE Limited Reports Second Quarter Earnings
ZURICH: July 26, 2011 - ACE Limited (NYSE: ACE) today reported net income for the quarter ended
June 30, 2011, of $1.77 per share, compared with $1.98 per share for the same quarter last year(1); income
excluding net realized gains (losses) was $2.01 per share for both periods.(2) Book value increased $737
million during the quarter, up 3% from March 31, 2011. Book value per share stands at $71.36.
Annualized operating return on average equity for the quarter was 12.3%.(3) The property and casualty
(P&C) combined ratio for the quarter was 92.6%.
For full report: http://news.acegroup.com/news/acegroup/20110726006991/en