Business

Global insurance, reinsurance and financial products and services.

Mission Statement

The ACE Group of Companies is committed to being a leader in the international insurance and reinsurance market and is dedicated to providing:

Superior Client Value by committing substantial capital resources and creativity to the assumption and management of risk

Superior Shareholder Value by managing capital and risks expertly, efficiently and profitably

Superior Employee Value by creating a rewarding and ethical environment.

The ACE Group holds financial strength ratings of A+ from Standard & Poor’s and A.M. Best on ACE's core operating insurance companies. Ratings on several major subsidiaries are also maintained. For ratings on individual ACE Group companies please refer to the ACE Group section and choose an individual company. For current ratings status, outlook and definitions please contact the relevant rating agency through the links listed below or contact ACE at investorrelations@ace.bm .

Standard & Poor’s                      www.standardandpoors.com

Moody’s Investors Service        www.moodys.com

A.M. Best Company                     www.ambest.com

Fitch IBCA                                     www.fitchratings.com

Debt Ratings

ACE Limited and ACE INA Holdings, Inc. (when guaranteed by ACE Limited) hold A3/BBB+ senior debt ratings and P2/A2 commercial paper ratings from Moody’s Investors Service and Standard & Poor’s respectively. Certain other debt ratings are also maintained. For current ratings status, outlook and definitions please contact the relevant rating agency through the links listed above or contact ACE at investorrelations@ace.bm .

FY 2003: $14.6 billion

FY 2002: $12.8 billion

FY 2001: $10.2 billion