Ace reports 76% rise in net income
Ace has reported a 76% increase in net income to $2.71bn (£1.72bn) in 2012 compared to the previous year (2011: $1.54bn).
Income excluding net realised gains and net of tax was 13% higher year-on-year at $2.62bn (2011: $2.33bn). The full-year combined ratio was 93.9% and the return on equity was 11%.
In the fourth
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