Aspen Insurance Net Income: $117.9 Million
Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $117.9 million, or $1.75 per diluted share, and operating income after tax of $84.0 million, or $1.21 per diluted share, for the fourth quarter of 2015.
Chris O’Kane, Chief Executive Officer, commented, “2015 was a year of significant progress across Aspen. We continued to diversify further our Reinsurance and Insurance operations, expanding both by product and geography.
“Aspen Re had a very successful year in the face of market conditions that remained challenging, delivering an excellent performance, with growth focused on the Specialty and Other Property sub-segments. Our Insurance business continued to find opportunities for profitable growth, primarily in the U.S. and select international markets.”
He continued, “Looking to the next chapter for expanding our business, we recently launched our global insurance product lines strategy which, we believe, will create opportunities to deploy products more widely, increase scale where we choose and bring us closer to our brokers and clients.
“Our aim is to deliver consistent, high quality returns across all cycles. We also recently announced the acquisition of AgriLogic, a specialist U.S. crop business with an integrated agricultural consultancy, a company we know well and with strong underwriting skills, and deep intellectual capital, technical and risk management expertise.
“As we grow the Aspen business, we remain committed to driving efficiency and consistency across our company to generate increased profitability over the long-term.”
