ACE Releases 2009 Earnings Guidance

ACE Limited announced the following earnings guidance for the ACE Group of Companies for the full year 2009:
— Operating Income per Diluted Share is expected to range between $7.25 and $8.25
— Catastrophe Losses included in our estimated earnings are $415 million pre-tax ($330 million after-tax)

“We are operating in a period of great uncertainty,” ACE Chairman and CEO Evan G. Greenberg stated. “Global economic and financial conditions will be difficult for the foreseeable future “On the other hand, commercial property and casualty market conditions are in a state of change and this presents opportunity for ACE.”

Source: ACE Group – www.acelimited.com