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<a href="http://www.accessmylibrary.com/coms2/summary_0286-18868041_ITM" title="Facts and information about Reweb - ACE announces lower 2004 earnings.">Reweb - ACE announces lower 2004 earnings.</a>
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Reweb - ACE announces lower 2004 earnings.
(From Reinsurance)
ACE has reported net income of $282m for the fourth quarter of 2004, down from $444m for the same quarter last year.
Income excluding net realised gains for the fourth quarter was $166m, compared with $328m for the same quarter of 2003. The asbestos, environmental and other run-off (A&E) losses resulted in an after-tax charge of $302m for the quarter. The combined ratio for the quarter was 104%. ...
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