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Aspen FY net income tumbles 78%

Aspen Insurance Holdings, the Bermuda-based (re)insurer said that reported full year net income for 2008 of $103.8m, compared to a net income of $489m for 2007.

Operating income after tax was $151.5m for the full year and $20.5m for the fourth quarter of 2008 compared with $478.6m for 2007 and $138.0m for the fourth quarter last year.

The drop in net income

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