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ACE First-Quarter Net Up 43%

"While others are struggling to maintain expense ratios in this declining rate environment, ACE was actually able to lower its overall expense ratio by 120 basis points on a year-over-year basis," Mr.

By Steven Tuckey | Updated on April 25, 2007

ACE Ltd. reported first-quarter net income increased 43 percent compared with the same year ago period.

The Bermuda-based primary and secondary insurer reported net income of $701 million, $2.10 per share, compared with $489 million, or $1.46 per share for the same 2006 period.

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