Last $107.96 USD
Change Today -2.17 / -1.97%
Volume 2.2M
ACE On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

ace ltd (ACE) Snapshot

Open
$109.18
Previous Close
$110.13
Day High
$109.65
Day Low
$107.86
52 Week High
12/8/14 - $117.89
52 Week Low
02/3/14 - $92.26
Market Cap
35.8B
Average Volume 10 Days
1.5M
EPS TTM
$9.80
Shares Outstanding
331.7M
EX-Date
12/15/14
P/E TM
11.0x
Dividend
$2.60
Dividend Yield
2.39%
Current Stock Chart for ACE LTD (ACE)

ace ltd (ACE) Related Businessweek News

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ace ltd (ACE) Details

ACE Limited, through its subsidiaries, provides a range of insurance and reinsurance products to insureds worldwide. The company operates through five segments: Insurance – North American P&C, Insurance – North American Agriculture, Insurance – Overseas General, Global Reinsurance, and Life. The Insurance – North American P&C segment offers risk management programs, specialty commercial property and casualty (P&C), accident and health, homeowners, automobile, liability, valuables, and marine coverages; and excess and surplus property, directors and officers (D&O), professional liability, inland marine, specialty casualty, environmental, and political risk products. The Insurance – North American Agriculture segment provides comprehensive multiple peril crop insurance and crop-hail insurance; and farm and ranch coverages, as well as specialty P&C coverages for companies that manufacture, process, and distribute agriculture products. The Insurance – Overseas General segment offers traditional and specialty P&C products, including D&O, professional liability, specialty personal lines, and energy products; and specialty products, such as aviation, marine, financial lines, energy, and political risk, as well as personal accident and supplemental medical products. The Global Reinsurance segment markets reinsurance products under the ACE Tempest Re name; and provides solutions for small to mid-sized clients and multinational ceding companies, including licensed reinsurance capabilities, property and workers’ compensation catastrophe, loss-warranty, stop-loss cover, marine, and aviation programs. The Life segment offers protection and savings products comprising whole life, endowment plans, individual term life, group term life, group medical, personal accident, credit life, universal life, and unit linked contracts. The company was founded in 1985 and is headquartered in Zurich, Switzerland.

ace ltd (ACE) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $7.5M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $1.8M
Vice Chairman, Chief Operating Officer, Chair...
Total Annual Compensation: $2.9M
Vice Chairman and Chairman of Insurance - Nor...
Total Annual Compensation: $2.2M
Chief Risk Officer, Chief Actuary and Executi...
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

ace ltd (ACE) Key Developments

ACE Group Announces Launch of New, Independent Cyber Risk Business Unit

ACE Group announced the launch of a new, independent cyber risk business unit as it continues to strengthen its local underwriting and risk management capabilities across Continental Europe and build its market leadership in this growing area of emerging risk. ACE already offers comprehensive risk management and insurance solutions for computer hardware, first and third party cyber liability risks in key Continental European markets through a range of specialist products. The new cyber practice brings together, in a single expanded team, the company’s expertise across the region with the objective of empowering local decision-making and strengthening broker and client relationships for both middle market and larger accounts. It will also facilitate sharing of expertise across both Europe and ACE’s global cyber practice, driving seamless solutions for buyers. The practice comprises full-time dedicated cyber underwriting experts in five markets: Xavier Leproux, France - based in Paris, Natalie Kress, Germany and Austria - based in Frankfurt, Daniël Jacobs, Benelux - based in Rotterdam, Riccardo Scalici, Italy - based in Milan and Tania Donoso, Spain and Portugal - based in Madrid. The team will continue to be supported by cyber specialists in the Nordics, Poland, Switzerland and Czech Republic within ACE’s financial lines and technical lines teams.

ACE Limited Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

ACE Limited reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net premiums earned of $4,370 million compared to $4,363 million for the same period a year ago. Net investment income was $577 million compared to $557 million for the same period a year ago. Net income was $555 million or $1.66 per diluted share compared to $998 million or $2.90 per diluted share for the same period a year ago. Operating income net of tax was $827 million or $2.47 per diluted share compared to $824 million or $2.39 per diluted share for the same period a year ago. Book value per share declined 0.4% from September 30, 2014, to $90.02, primarily due to unfavorable foreign currency movement. Excluding foreign currency movement, book value per share increased 1.6%. Tangible book value per share decreased 1.9% to $72.61, primarily due to unfavorable foreign currency movement and the impact of goodwill and intangibles relating to the acquisition closed during the quarter. Tangible book value per share increased 2.4% excluding the impact of foreign currency movement and the acquisition closed during the quarter. Operating return on equity for the quarter was 11.8%. Operating cash flow was $1.3 billion for the quarter and $4.5 billion for the year. For the full year, the company reported net premiums earned of $17,426 million compared to $16,613 million for the same period a year ago. Net investment income was $2,252 million compared to $2,144 million for the same period a year ago. Net income was $2,853 million or $9.79 per diluted share compared to $3,758 million or $9.35 per diluted share for the same period a year ago. Operating income net of tax was $3,320 million or $8.42 per diluted share compared to $3,217 million or $10.92 per diluted share for the same period a year ago. Operating return on equity was 11.9%. Operating return on equity for the year was 12%. For the year ended December 31, 2014, book value and tangible book value per share increased 6.1% and 5.3%, respectively, from December 31, 2013. Excluding foreign currency movement, book value per share increased 8.8%. Tangible book value per share increased 11.3% excluding the impact of foreign currency movement and acquisitions closed during the year.

Barrett Business Services, Incz Renews Workers' Compensation Insurance Arrangement with ACE Group

Barrett Business Services, Incz, has renewed its workers' compensation insurance arrangement with ACE Group. The arrangement, which began in February 2014, provides coverage to BBSI employees in California. The renewal is effective through January 2016 with the potential for continued annual renewals thereafter. The agreement, typically known as a fronted program, provides BBSI with a licensed, admitted insurance carrier in California to issue workers' compensation policies on behalf of BBSI. The risk of loss up to the first $5.0 million per claim is then retained by BBSI through a reinsurance agreement.

 

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Industry Analysis

ACE

Industry Average

Valuation ACE Industry Range
Price/Earnings 12.8x
Price/Sales 1.8x
Price/Book 1.2x
Price/Cash Flow 12.6x
TEV/Sales 1.3x
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