Aspen says second-quarter net income was more than halved due to $58.7 million in catastrophe losses.

Second-quarter income was $40.1 million, compared to $84.6 million during the same period a year ago.  

The company's gross written premiums increased overall by 3.1 percent to $687.3 million in the second quarter. Gross written premiums in the insurance business grew by 6.0 percent for the quarter, but were tempered by flat reinsurance growth.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Commercial Lines
E&S/Specialty
Reinsurance