ACE Limited today reported net income for the quarter ended September 30, 2015, of USD1.62 per share, compared with USD2.32 per share for the same quarter last year. Operating income was USD2.74 per share, compared with USD2.64 per share for the same quarter last year. The property and casualty (P&C) combined ratio for the quarter was 85.9%. Book value and tangible book value per share declined 1.5% and 0.8%, respectively, from June 30, 2015, reflecting unfavorable foreign currency movement of USD548 million, after-tax, and realized and unrealized losses in the company's investment and variable annuity reinsurance portfolios of USD622 million, after-tax, as a result of global equity and interest rate movements. Book value and tangible book value per share now stand at USD89.88 and USD72.25, respectively. Read the full story ACE Reports Record Operating Income per Share of USD 2.74 for Third Quarter