Aspen Insurance Holdings has reported net income for the fourth quarter of 2007 of $135.2 million, or $1.44 per diluted ordinary share, an increase of 20% over the same quarter of 2006.
Aspen Insurance’s diluted operating income per share is $1.47 compared to $1.22 in the fourth quarter of 2006. The combined ratio was 79.4%, compared to 76.8% in the prior year period. For the full year 2007, the net income was $489 million, up 29.3% during the comparable period of 2006. The company has posted earnings per share of $5.11 for the period, an increase of 36% as against the same period of 2006.
Chris O’Kane, CEO of Aspen, commented: For the fourth quarter and full year 2007, Aspen delivered record net income and earnings per share. These outstanding results reflect that all areas of the company are executing in-line with our strategy to diversify and leverage our underwriting platforms, and generate strong consistent results from our investment portfolio. We are well positioned for the softening markets in 2008 and expect to continue delivering value for our shareholders.