ACE Limited said yesterday it expects property-casualty net earned premium to grow 3-to-5 percent next year.
In addition, the Bermuda-based insurance and reinsurance carrier forecast earnings per share to range between $6.65 and $7.15.
The current forecast is in the midpoint of that range, the company said.
ACE Chief Financial Officer Philip Bancroft said the company had moved from a components-based worksheet approach to a range of earnings per share estimates with assumptions for revenue growth and estimated catastrophe losses.
“We believe that this new policy is more direct and provides greater clarity to our annual estimates,” he said in a statement.
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