Quiet hurricane season helps third quarter profits for ACE Ltd
ACE beat analyst’s expectations to post strong underwriting income, helped by declining payouts linked to US hurricanes.
Ace's third-quarter net profit rose to $494 million, or $1.46 a share, from $54 million, or 16 cents a share, in the year-ago period.
Operating earnings, which exclude investment gains or losses, were equal to $2.07 a share, beating analysts average execrations of $1.97 per share, according to Thomson Reuters I/B/E/S.
"ACE is proving itself to be a reliably solid company," said Hexagon analyst David Havens.
"Profitability has been strong, underwriting results solid, investment missteps have been avoided, and capital has remained sound.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
