Aspen 2015 First Quarter Net Income: $128M
Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $128.0 million, or $1.87 diluted net income per share, for the first quarter of 2015.
Chris O’Kane, Chief Executive Officer, commented, “In the first quarter of 2015, Aspen continued to execute on its strategic growth plan achieving a book value of $46.02 and an annualized operating return on equity of 12.4%. We continue to see the results of our diversified strategy across insurance and reinsurance, and across property, casualty, and financial risks, executed on a broad geographical basis.
“I am particularly pleased with our Insurance performance which shows an enviable growth rate with continued improvement in profitability. Our Reinsurance business has access to many of the most sought after risks as a result of our deep client relationships, thoughtful approach, ability to provide creative solutions to our clients, and excellent execution.
“Overall, I would characterize Aspen in the first quarter as running on all cylinders. As we move forward in 2015, we will remain sharply focused on driving operating return on equity and book value growth.”
