Search
 

Aspen's Q2 net income soars; CEO says aviation war-risk rates set to rise

Aspen Insurance Holdings reports second-quarter net income after tax of $130.8 million, up from $40.1 million reported in Q2 2013.

By Phil Gusman | Updated on July 24, 2014

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.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

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.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.