Ace Limited (NYSE:ACE) is expected to report Q4 earnings before market open Wednesday, February 4 with a conference call scheduled for 8:30 am ET.
The consensus estimate for EPS is $1.80 and the consensus estimate for revenue is $3.50B, according to First Call. The consensus range for EPS is 70c-$2.02, while the consensus range for revenue is $3.17B-$4.09B.
Wachovia recently named Ace as the top choice for investors looking for a stable insurance company. In December, Soleil initiated Ace with a Buy rating and a $60 target. The firm thought that investors had exaggerated the impact of Ace's exposure to Q4 life insurance losses. On the other hand, Bernstein last month downgraded Ace to Market Perform from Outperform. The firm downgraded Ace along with several other companies that have non-life insurance businesses, as the firm thinks that these companies are less willing to embrace a pricing cycle.
Meanwhile, insurance companies have reported mixed Q4 results so far, with Hartford Insurance Group (NYSE:HIG) and Travelers (NYSE:TRV) reporting better than expected results, and Allstate (NYSE:ALL) and Chubb (NYSE:CB) reporting weaker than expected results.