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ACE Ltd Reports Strong Earnings, Positive Net

Friday, February 7, 2003 | 0

ACE Limited (NYSE:ACE - News) has reported net operating income of $511 million for the full year ended December 31, 2002 compared with a loss of $69 million last year, (including a loss of $559 million after tax related to the September 11, 2001 tragedy). Net operating earnings per share for 2002 were $1.80 compared with a net operating loss per share of $0.40 per share for 2001. Net income including realized losses for the year was $77 million compared with a net loss of $146 million for fiscal 2001. Earnings per share were $0.19 for the current year compared with a loss per share of $0.74 l...

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