ACE Limited Reports Q2 2009 Income
ZURICH, Switzerland,
27th July 2009
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ACE Limited (NYSE: ACE) today reported net income for the quarter ended June 30, 2009, of $1.58 per share, compared with $2.18 per share for the same quarter last year.(1) Income excluding net realized gains (losses) was $2.09 per share, compared with $2.16 per share.(2) Adjusted for foreign exchange, income excluding net realized gains (losses) was $2.09 per share, compared with $2.08 per share.(2) Net realized and unrealized gains after tax were $1 billion. Book value increased $1.8 billion, up 12% from March 31, 2009. Annualized return on average equity was 18%.(3) The property and casualty (P&C) combined ratio was 87.7%.
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Contact Information
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