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ASPEN INSURANCE HOLDINGS REPORTS RESULTS FOR SECOND QUARTER AND FIRST HALF 2009
Hamilton, Bermuda - 03 August, 2009 - Aspen Insurance Holdings Limited ("Aspen") (NYSE:AHL) has reported a net profit after tax for the second quarter of 2009 of $110.4 million and operating earnings of $1.14 per diluted ordinary share. This compares to a net profit after tax of $126.9 million, and operating earnings of $1.44 per diluted share for the second quarter last year.
· Diluted book value per share of $30.36, up 4.7% over the second quarter of 2008 and up 4.3% over the first quarter of 2009.
· Second quarter net income of $110.4 million, compared with $126.9 million for the same quarter last year.
· Second quarter net investment income of $72.2 million, up 2.4% over the same quarter last year and up 22.0% over the first quarter of 2009.
· Operating earnings per share of $1.14 for the quarter, compared with $1.44 for the second quarter of 2008.
· Annualized operating return on equity of 16.4% for the quarter and 17.0% for the half year.
Book value per share on a diluted basis of $30.36 increased by $1.37 when compared to June 30, 2008 and by $2.26 since the end of December 2008, as a result of $164.5 million of retained income and a $45.0 million increase in unrealized gains from the fixed income investment portfolio generated during the first half of 2009.
For more information about these results and Aspen, please visit www.aspen.bm.
About Aspen Insurance Holdings Limited
Aspen provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Bermuda, France, Ireland, Singapore, the United States, the United Kingdom, and Switzerland. For the three months ended March 31, 2009, Aspen reported gross written premiums of $636.8 million, net income of $91.4 million and total assets of $7.6 billion. Its operating subsidiaries have been assigned a rating of "A" ("Strong") by Standard & Poor's, an "A" ("Excellent") by A.M. Best and an "A2" ("Good") by Moody's Investors Service. For more information about Aspen, please visit www.aspen.bm.
Aspen Insurance Holdings Limited