Aspen posts 26% premium growth in 3Q
Bermudian (re)insurer Aspen Insurance Holdings beat market expectations by posting a net profit of $95.0m the third quarter of 2006 compared to a loss of $362m for the same quarter in 2005. The figures were founded on a combined ratio of 81%.
Aspen noted that net investment income grew 60.9% to $47.3m compared to the third quarter 2005.
Analysts Keefe Bruyette and Woods (KBW) saw net written premiums growth of 26%, which it described as
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