ACE’s ROE declines for third year in a row

ACE Limited’s (ACE) full year results have revealed that the company’s return on equity (ROE) has declined for the third year in a row.

Analysis of the company’s full year results for 2011, and annual reports for 2009 and 2010, revealed that ACE’s ROE had fallen from 16.7 percent in 2008, to 16.2 percent in 2009, to 13.1 percent in 2010 and then 10.7 percent in 2011.

A comparison of the results also showed that ACE’s combined ratio has risen over the last two years, from 88.3 in 2009, to 90.2 in 2010 to 94.6 in 2011.