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|Investor Contact:||Helen M. Wilson|
|Media Contact:||Stephen M. Wasdick|
ACE REPORTS FOURTH QUARTER 2011 OPERATING INCOME OF $663 MILLION,
COMBINED RATIO OF 92.9% AND OPERATING RETURN ON EQUITY OF 11.8%;
BOOK VALUE UP 7% AND TANGIBLE BOOK VALUE UP 8% FOR THE YEAR
ZURICH January 31, 2012 ACE Limited (NYSE: ACE) today reported net income for the quarter ended December 31, 2011, of $2.20 per share, compared with $2.92 per share for the same quarter last year;(1) income excluding net realized gains (losses) was $1.94 per share, compared with $2.05 per share for the same quarter last year.(2) Book value and tangible book value increased 3% and 4%, respectively, in the quarter. Book value and tangible book value per share now stand at $72.76 and $58.43, respectively. Annualized operating return on equity for the quarter was 11.8%.(2) The property and casualty (P&C) combined ratio for the quarter was 92.9%.
Fourth Quarter Summary
(in millions, except per share amounts)
|(Per Share - Diluted)|
Net realized gains (losses), net of tax
Income excluding net realized gains (losses), net of tax (2)
The following information was filed by Chubb Ltd (CB) on Tuesday, January 31, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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