Aspen Reports Results for Quarter Ended March 31, 2018
ASPEN INSURANCE HOLDINGS (AHL)
Last aspen insurance holdings earnings: 2/6 04:15 pm
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Source: Business Wire
Annualized Net Income Return on Equity of 4.0% and Annualized Operating Return on Equity of 9.2% for the First Quarter 2018 HAMILTON, Bermuda--(BUSINESS WIRE)-- Aspen Insurance Holdings Limited (“Aspen”) (NYSE: AHL) reported today a net income after tax of $30.8 million, or $0.38 per diluted ordinary share, and an operating income after tax of $63.0 million, or $0.91 per diluted ordinary share, for the first quarter of 2018. Chris O’Kane, Chief Executive Officer, commented: “The first quarter of 2018 was the first in Aspen's history in which we wrote more than a billion dollars of premium. Our strong results include gross written premium growth across both Aspen Re and Aspen Insurance as a result of our targeted growth strategy. Both segments generated underwriting profits, we improved our total expense ratio and we continue to implement our operational effectiveness and efficiency program.”(1)
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