ACE Limited reported fourth-quarter net income dropped 14 percent on losses from market re-evaluations in its life business and investment in a bond insurer.

The Hamilton, Bermuda-based company reported net income dropped by $93 million to $572 million for the fourth quarter compared to 2006. Net income per share fell 30 cents in the period to $1.69. Gross written premiums increased during the period by $134 million to $4.14 billion.

For the year, net income increased 12 percent from 2006, or $273 million, to $2.58 billion. Net income per share increased 75 cents for the year to $7.66 a share. Gross written premiums increased $339 million to $17.74 billion.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.