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Aspen returns to profit in 2021 as underwriting result improves

May 3, 2022

Aspen Insurance Holdings Limited has reported a return to profit for 2021 with net income of $29.8 million compared with a loss of $56.4 million in 2020, driven by an improved underwriting performance.

Across the group, adjusted underwriting income amounted to $28.3 million 2021, against a loss of $87 million a year earlier, resulting in an adjusted combined ratio of 98.8%, compared with 103.4% in 2020.

In 2021, Aspen’s underwriting result included catastrophe losses of $326.7 million, or 13.6 percentage points of the combined ratio, compared with losses of $360.8 million in 2020, or 14.3 percentage points of the combined ratio.

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