NU Online News Service, Feb. 4, 12:02 p.m. EST
Zurich, Switzerland-based insurer ACE Ltd. reported that fourth-quarter net income rose 5 percent, breaking the $1 billion mark in a quarter for the first time.
ACE reported net income rose $48 million to more than $1 billion in the quarter. Earnings per share rose 11 cents to $2.92 a share. The results were in part based on an increase in gross premium written of 1 percent, or $58 million, to $4.5 billion.
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