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Aspen Insurance Holdings Reports Results For Third Quarter 2008
Hamilton, Bermuda - 30 October, 2008 - Aspen Insurance Holdings Limited (NYSE:AHL) today reported a net loss after tax for the third quarter of 2008 of $116.7 million or an operating loss of $1.02 per share, compared to a net profit after tax of $117.2 million, or earnings of $1.12 per share for the same quarter last year. On a year-to-date basis, diluted operating earnings per share were $1.28 compared with $3.52 in 2007. Hurricanes Ike and Gustav accounted for $1.91 of the reduction in diluted earnings per share for the third quarter and $1.80 per share for the first nine months of 2008. The fund of hedge funds performance within the Company's net investment income accounted for $0.52 of the reduction in diluted earnings per share for the quarter and $0.56 for the first nine months of 2008.
For a detailed breakdown of Q3 result visit www.aspen.bm
CONTACT:
Aspen Insurance Holdings Limited, Bermuda
Investor Contact:
Noah Fields, Head of Investor Relations, +1 441-297-9382
European Press Contact:
Citigate Dewe Rogerson
Justin Griffiths/Sarah Gestetner, +44 (0) 20 7282 2920
North American Press Contact:
Abernathy MacGregor/Carina Davidson/Allyson Morris, +1 212-371-5999