Wednesday, May 31, 2023
HomeInsuranceAspen stories full-year numbers | Insurance coverage Enterprise America

Aspen stories full-year numbers | Insurance coverage Enterprise America

Aspen stories full-year numbers | Insurance coverage Enterprise America

Outcomes “a powerful set” amid difficult 12 months

Aspen reports full-year numbers

Insurance coverage Information

Terry Gangcuangco

Aspen Insurance coverage Holdings has causes to be merry about its monetary outcomes for the 12 months ended December 31, 2022.

In response to the corporate, right here’s the way it fared throughout what group government chair and chief government Mark Cloutier described as a difficult 12 months:


FY 2022

FY 2021

Gross written premium

$4.3 billion

$3.9 billion

Underwriting revenue/(loss)

$190.4 million

$(30 million)

Web funding revenue

$188.1 million

$147.5 million

Web revenue

$51.1 million

$29.8 million

Working revenue

$202.3 million

$50.6 million


Of Aspen’s underwriting revenue, $104 million got here from the group’s insurance coverage section; $87 million from reinsurance. Each segments loved development within the interval, from an underwriting lack of $101 million for insurance coverage in 2021 and from reinsurance’s $71 million in underwriting revenue.

In the meantime the group’s capital markets franchise, Aspen Capital Markets, generated $104 million in whole price revenue. The expansion from 2021’s $61 million was attributed to a rise in property underneath administration to $1.3 billion.   

“We delivered a powerful set of ends in a difficult 12 months that included Russia’s invasion of Ukraine, rising inflation, and vital pure disaster exercise, all of which generated notable loss exercise for our trade,” mentioned Cloutier, who cited Aspen’s “vital progress” in 2022.

“Towards this backdrop, our reported mixed ratio improved to 93.0% (2021: 101.2%), an impressive end result. Adjusted for the impacts of the loss portfolio switch and opposed improvement contracts, our mixed ratio was 92.4% (2021: 98.8%).

“We’ve been clear in our ambition to determine Aspen as a prime quartile specialty (re)insurer, and we’ve maintained momentum throughout 2022 via the energy of our underwriting efficiency and continued operational resilience.”

What do you consider Aspen’s 2022 monetary outcomes? Share your ideas within the feedback under.

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