ACE Q4 Profit Up - Quick Facts

(RTTNews) - ACE Ltd. (ACE) Tuesday reported fourth-quarter profit of $998 million or $2.90 per share, up from $765 million or $2.22 per share in the same period last year.

Operating income for the quarter was $2.39 per share. On average, 26 analysts polled by Thomson Reuters expected the company to earn $2.01 per share. Analysts' estimates typically exclude special items.

Net-premiums earned increased to $4.36 billion from $3.85 billion last year. Net-investment income totaled $557 million, up from $567 million last year.

Combined ratio for the quarter was 89.3 percent, compared to 105.5 percent last year.