(Source: Ace Limited) ZURICH--(BUSINESS WIRE)--ACE Limited (NYSE: ACE) today reported net income for the quarter ended September 30, 2015, of $1.62 per share, compared with $2.32 per share for the same quarter last year.(1) Operating income was $2.74 per share, compared with $2.64 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 $548 million, after-tax, and realized and unrealized losses in the company's investment and variable annuity reinsurance portfolios of $622...
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