Ace Q3 Profit Down

(RTTNews) - Ace Limited (ACE) Tuesday reported third-quarter net income of $785 million or $2.32 per share, down from $916 million or $2.66 per share last year.

Operating income was $2.64 per share, compared with $2.49 per share for the same quarter last year.

Net premiums written rose to $4.73 billion from $4.62 billion last year, while net premiums earned rose to $4.75 billion from $4.61 billion last year.

Analysts polled by Thomson Reuters estimated earnings of $2.34 per share on revenues of $4.11 billion for the quarter. Analysts' estimates typically exclude special items.