Ace has released its 2007 earnings guidance for the Ace Group.
Earnings per common share are expected to range between $6.65 and $7.15; with the group's current forecast at the midpoint of this range.
Property & casualty net earned premium growth is expected to average from 3% to 5%.
Catastrophe losses included in the estimated earnings are $450m pre-tax ($340m after-tax)
Philip Bancroft, chief financial officer, said: "We have refined our earnings guidance policy for 2007, moving from a components-based worksheet approach to a range of EPS estimates with assumptions for revenue growth and estimated CAT losses.
"We believe that this new policy is more direct and provides greater clarity to our annual estimates. We believe this guidance, along with our quarterly earnings discussions and comprehensive disclosure in our financial supplement, equips the financial community with tools to make reasonable estimates of Ace's financial performance."
