ADVFN - Advanced Financial Network.
HOME» NYSE » A » ACE Stock Price » ACE Stock News

Ace Share News

 Ace, Ltd. Stock Price
ACE Stock Price
 Ace, Ltd. Stock Chart
ACE Stock Chart
 Ace, Ltd. Stock News
ACE Stock News
 Ace, Ltd. Company Information
ACE Company Information
 Ace, Ltd. Stock Trades
ACE Stock Trades

Ace Ltd 4Q Profit Up 5%; New-Year View Weaker Than Street

DOW JONES NEWSWIRES Ace Ltd.'s (ACE) fourth-quarter earnings rose 5% and operating profit handily beat analysts' estimates as the company's net premiums written increased. But shares fell 5.1% after hours to $59.30 as the company also forecast new-year earnings of $6.10 to $6.50 a share, below the $7.47 consensus projection of analysts surveyed by Thomson Reuters. Chairman and Chief Executive Evan Greenberg said the company had a "very good fourth quarter and a strong finish to an excellent year, both financially and operationally." The commercial insurer, which is a unit of ACE Group in Zurich, has seen its core profit decline of late as the percentage of premiums paid out has risen. Like many insurers, its bottom line can be vastly affected by investment gains and losses. In December, Standard & Poor's Ratings Services lifted its rating on Ace, saying the company had met or exceeded all of the agency's expectations since it had revised its outlook on the company to positive in late 2008. Ace reported a profit of $1 billion, or $2.92 a share, up from $953 million, or $2.81 a share, a year earlier. Excluding items such as investment gains and losses, operating income rose to $2.05 from $2.01. Analysts polled by Thomson Reuters had most recently forecast operating earnings of $1.84. Net premiums written rose 3.5% to $3.42 billion. Investment income increased 3.9%, and net realized investment gains declined 18% to $305 million. The company's property-and-casualty combined ratio, which indicates the percentage of premiums paid out, rose to 90.3% from 89.6%. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com

Stock News for Ace (ACE)
DateTimeHeadline
03/27/201507:11:00ACE appoints Susan McDonald as Regional General Counsel for Eurasia...
03/25/201504:00:00ACE Promotes Property and Casualty Managers in the UK and Ireland...
03/24/201514:04:00As Pollution Regulations Broaden, Insurance Gaps Widen; ACE Releases...
03/23/201517:07:41Proxy Statement - Notice of Shareholders Meeting (preliminary...
03/23/201506:27:00ACE launches enhanced clinical trials cover for UK companies
03/19/201518:12:00Global Construction Draws Opportunities & Environmental Risks:...
03/19/201508:09:00ACE to Hold its First Quarter Earnings Conference Call on Wednesday...
03/18/201518:34:00Responding to Growing Risks Faced by Canadian Multinationals...
03/18/201514:04:00Responding to Growing Risks Faced by Canadian Multinationals...
03/18/201501:05:00ACE Creates New Regional Agency Head Role in Asia Pacific and...
03/17/201519:23:00ACE Introduces Broader Coverage to Protect Against Operational...
03/16/201518:38:00Environmental Response Solution Earns Industry Accolade: ACE...
03/16/201514:12:56Current Report Filing (8-k)
03/13/201508:18:415 High Quality European Dividend Payers
03/12/201522:26:00ACE Makes New Appointments for Its Casualty Business
03/10/201517:16:32Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
03/10/201511:13:00A.M. Best Assigns Debt Rating to ACE INA Holdings, Inc.âs Senior N...
03/10/201506:03:30Free Writing Prospectus - Filing Under Securities Act Rules 163/433...
03/09/201516:15:00ACE Limited Announces Pricing of $800 Million Senior Notes Offering...
03/09/201513:00:00ACEâs Agriculture Business, Rain and Hail, Announces Executive M...

Ace Limited and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad