Aspen Reports 2017 Q1 Net Income: $96.5M
Bermuda-based Aspen Insurance Holdings Limited reported net income after tax of $96.5 million, or $1.36 per diluted ordinary share, and operating income after tax of $59.8 million, or $0.79 per diluted ordinary share, for the first quarter of 2017.
Chris O’Kane, Chief Executive Officer, commented: “Aspen recorded positive underwriting contributions from both our Insurance and Reinsurance businesses in the first quarter. At Aspen Insurance, we are focused on areas of expertise where we can provide our clients with the best service and capitalize on opportunities for profitable growth.
“Aspen Re’s diversified business model, strong client relationships and highly innovative solutions continue to provide a winning combination, resulting once again in strong results for the quarter. For the sixth consecutive year, and reflecting our continued confidence in Aspen’s future prospects, the Aspen Board approved today an increase in the dividend on our ordinary shares.”
