Ace Net Income Up 23% in Q4

Chubb Ltd. has reported that Ace Net's income for the fourth quarter is $683 million, up 23% from $555 million in the prior year’s quarter. Net income for calendar year 2015 was $2.834 billion, down 0.7% from 2014 net income of $2.853 billion. Net premiums written were $3.629 billion in the fourth quarter, a 4.6% decrease from the prior year’s quarter. For the full year, net premiums written were $15.715 billion, a 0.5% decrease from $15.787 billion in 2014. The 2015 results include what the company described as a record full-year P&C combined ratio of 87.4%, w...