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ACE

Apr 30, 2008

Ace earnings off 46% in 1Q

“Net income, which was down, and book value growth, which was essentially flat, were negatively impacted by the unprecedented volatility experienced in the debt and equity markets during the quarter”

Insurer Ace Ltd. said late Tuesday its first-quarter earnings fell by 46 percent, citing a $353 million investment loss. via Philadelphia Business Journal

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