ACE Limited (ACE) Tops Q3 EPS by 42c
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ACE Reports Record Operating Income per Share of $2.74 for Third Quarter, P&C Combined Ratio of 85.9% and Operating Return on Equity of 12.9%
October 20, 2015 4:15 PM EDTRecord after-tax operating income of $897 million for the quarter Record P&C underwriting income of $597 million Global P&C net premiums written up 7.8% in constant dollars Net investment income of $549 million Operating cash flow of $808 million Unfavorable foreign currency movement negatively impacted operating income by $36 million, or $0.11 per share, reduced Global P&C net premiums written growth by $240 million, or 7.5%, and reduced book value by $548 million and tangible book value by $345 million in the quarter... More
