Last $106.02 USD
Change Today +0.12 / 0.11%
Volume 1.2M
As of 8:04 PM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

ace ltd (ACE) Snapshot

Open
$106.15
Previous Close
$105.90
Day High
$106.50
Day Low
$105.77
52 Week High
06/20/14 - $108.62
52 Week Low
10/9/13 - $90.52
Market Cap
35.6B
Average Volume 10 Days
1.0M
EPS TTM
$9.58
Shares Outstanding
335.7M
EX-Date
09/26/14
P/E TM
11.1x
Dividend
$2.60
Dividend Yield
2.28%
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.

20,000 Employees
Last Reported Date: 02/28/14
Founded in 1985

ace ltd (ACE) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $7.5M
Chief Financial Officer
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 Actuary and Chief Risk Officer
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2013.

ace ltd (ACE) Key Developments

ACE Group Introduces New Employee Benefit Solution

ACE Group announced the launch of GAP Supplement, a new employee benefit solution that provides employers with a cost effective way to supplement their underlying major medical plans. The coverage provides employees with another level of financial protection toward mitigating the burden of out-of-pocket expenses. ACE's GAP Supplement product is an important addition to ACE Accident & Health's (A&H) comprehensive line of Supplemental Health and Voluntary Benefits products. Ranging from ACE's Hospital Buffer Plan, which helps employees manage the financial impact of a hospitalization, to Voluntary Accidental Death & Dismemberment (AD&D) Insurance, which provides high-limit 24 hour accident protection for employees and their families, ACE's broad suite of products offers employers a number of solutions to manage their employee benefit plans. ACE's GAP Supplement coverage complements an employer's medical plan by reimbursing employees for covered out-of-pocket expenses for which they are responsible: Hospital Benefit reimburses deductibles, coinsurance and other eligible out-of-pocket expenses for covered benefits incurred during inpatient hospitalization; Optional Outpatient Benefit reimburses eligible out-of-pocket expenses incurred for hospital emergency room visits (not admitted) and use of outpatient surgical, diagnostic testing and other similar facilities licensed to provide outpatient treatment; Optional Ambulance Benefit reimburses eligible out-of-pocket expenses incurred for transportation provided by a licensed ambulance company to the nearest hospital.

ACE Group Launches New Risk Management Global Casualty Division

ACE Group has launched a new division that consolidates its US and global casualty offerings to create ACE Risk Management Global Casualty. The division will provide more efficient underwriting and servicing for large multinational companies, as well as smaller but growing companies that may be increasing their operations in additional jurisdictions around the world. ACE Risk Management Global Casualty combines and leverages the strengths of two established and proven divisions within ACE USA - ACE Risk Management and ACE Foreign Casualty - to provide a single source for specialized products and improved alignment among underwriting, claims, actuarial, legal, credit and other services that support domestic and global casualty products. Whether clients have executives traveling overseas once a year or operations in 150 countries, ACE Risk Management Global Casualty provides the products they need.

ACE Group Appoints Joan Torradeflot Botet as Director of Business Development for its Accident and Health Insurance Business in Catalonia and the Balearic Islands

ACE Group announced the appointment of Joan Torradeflot Botet as Director of Business Development for its Accident and Health (A&H) insurance business in Catalonia and the Balearic Islands. Joan will be responsible for the commercial development of several key personal lines portfolios at ACE, including accident, health, life and travel assistance whether distributed through brokers, telemarketing or affinity programmes. In particular, Joan will leverage his expertise and local knowledge of Catalonia to strengthen ACE's presence in these lines of business in the regional market. He joins ACE with immediate effect and will be based in ACE's Barcelona office. With 12 years of insurance industry experience, Joan began his career as a consultant for Mercer Health and Benefits. Later in 2007, he moved to AON Global Risk in Barcelona, where he worked as Manager of Major Accounts within its social security division.

 

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Industry Analysis

ACE

Industry Average

Valuation ACE Industry Range
Price/Earnings 10.6x
Price/Sales 1.8x
Price/Book 1.2x
Price/Cash Flow 10.4x
TEV/Sales 1.3x
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