Ace (ACE) To Have $317 million Loss In 2010

According to a Reuters’ report, Ace Ltd. (NYSE: ACE) is expected to post operating income per diluted share of between $6.25 and $6.75 this year, below analyst estimates of $7.64 per share.

Zurich based insurer Ace is expected to post pre-tax loss of $390 million ($317 million after tax) in fiscal 2010. Stock prices were down by 1 per cent to $48.83 before the start of the New York markets.