ACE: Still Net Loss Despite Operational

ACE Limited (NYSE: ACE) yesterday reported net operating income of $158 million for the quarter ended September 30, 2002 compared with a net operating loss of $390 million for the same quarter in 2001. Net operating earnings per share, after deducting preferred dividends, was $0.57 for the current quarter compared with a net operating loss per share of $1.72 for the same quarter last year. Including after tax net realized losses of $205 million, ACE reported a net loss for the quarter of $57 million compared with a net loss of $442 million for the comparable period a year ago. The loss per sha...