ACE Limited (ACE) Tops Q2 EPS by 11c
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ACE Reports Second Quarter Operating Income of $788 Million or $2.40 per Share, P&C Combined Ratio of 87.7% and Operating Return on Equity of 11.4%
July 21, 2015 4:01 PM EDTNet income of $942 million, up 21% Global P&C net premiums written, which exclude Agriculture, up 6.4% or 13.2% in constant dollars P&C underwriting income of $478 million, up 5.5% in constant dollars Net investment income of $562 million, up 3.1% in constant dollars Operating cash flow of $816 million Unfavorable foreign currency movement, compared with the prior year, negatively impacted operating income by $29 million, or $0.09 per share, and reduced Global P&C net premiums written growth by seven percentage points... More
