Aspen Insurance Holdings today declared first a quarter net income of $70.1m (£36.5m), 21% less than...
Aspen Insurance Holdings today declared first a quarter net income of $70.1m (£36.5m), 21% less than $85.0m (£44.3m) for the same period the year before.
Gross written premiums for the period were $804.1 (£418.9m), compared to $640.2 (£333.4m) in the first quarter of last year, an increase of 26%.
First quarter combined ratio was reported as 81%.
Chris O'Kane, chief executive officer, said: “The strength of our first quarter results is encouraging and I believe we have established a solid foundation from which to build throughout the remainder of the year.
“In general, we have seen pricing discipline maintained in our industry and we remain highly focused on ensuring the business we write is appropriately rated.”
