ACE Ltd Issues FY 2012 EPS Guidance Below Analysts' Estimates

ACE Ltd announced that for fiscal 2012. it expects operating income to range between $6.65 and $7.05 per share (EPS). Catastrophe losses included in the estimate are $475 million pre-tax ($385 million after-tax), which is up from last year's catastrophe loss guidance of $370 million pre-tax ($300 million after-tax). The operating income projections included in this guidance are for current accident year results only and by definition do not include any estimate for prior period reserve development. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EPS of $7.49 for fiscal 2012.