Aspen Insurance Holdings reports second-quarter net income after tax of $130.8 million, up from $40.1 million reported in Q2 2013.
The specialty insurer and reinsurer saw a jump in gross written premiums to $779.3 million in the quarter, compared to $687.3 million for the same period a year ago. The corresponding jump in net earned premiums—to $616.2 million from $544 million—more than offset a slight up tic in losses and loss-adjustment expenses ($337.1 million compared to $333.4 million in Q2 2013), and underwriting income was reported at $66.7 million compared to $15.7 million.
Net investment income inched up to $46.1 million from $45.9 million, and all told, operating income before tax jumped to $107.5 million from $54.7 million.
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