Aspen Reports Results for Quarter and Year Ended December 31, 2016

By a News Reporter-Staff News Editor at Insurance Weekly News -- Aspen Insurance Holdings Limited ("Aspen") (NYSE:AHL) reported a net loss after tax of $(71.5) million, or $(1.41) per diluted share, and operating loss after tax of $(7.4) million, or $(0.34) per diluted share, for the fourth quarter of 2016.

Chris O'Kane, Chief Executive Officer, commented: "2016 was an important year in positioning Aspen for the future. Our Reinsurance business performed strongly once again despite a much higher level of catastrophe losses. We expanded further our geographic footprint, successfully integrated our diversifying AgriLogic business and continued to target opportunities for profitable growth in what continues to be a challenging market environment. During the year, our Insurance team took significant actions to reposition product lines where returns are not expected to meet our requirements while at the same time working to identify and invest in the best opportunities for long-term profitable growth.

Keywords for this news article include: Financial Companies, Aspen Insurance Holdings Limited, Property and Casualty Insurance Companies.

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2017, NewsRx LLC