ACE Limited Q2 Profit Tops Estimates - Quick Facts

(RTTNews) - ACE Limited (ACE) reported second-quarter net income of $942 million compared to $779 million, last year. Earnings per share was $2.86 compared to $2.28 last year. Operating income was $2.40 per share, for the quarter.

On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $2.29 for the quarter. Analysts' estimates typically exclude special items.

Net premiums written from P&C was $4.28 billion compared to $4.06 billion, a year ago. Analysts expected revenue of $4.20 billion for the quarter. Net premiums written was $4.78 billion compared to $4.56 billion, prior year.

Evan Greenberg, CEO of ACE Limited, said: "ACE had an excellent second quarter with earnings per share essentially flat with prior year as a strong dollar impacted both revenue and earnings."