D
ASPEN SPECIALTY INS CO
Data as of
March 31, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Poor long-term capitalization index (1.5 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak overall results on stability tests (2.2) including weak risk adjusted capital in prior years and weak results on operational trends. The largest net exposure for one risk is high at 3.2% of capital.
Other Rating Factors: Fair reserve development (3.2) as the level of reserves has at times been insufficient to cover claims. In 2017 and 2018 the two year reserve development was 24% and 56% deficient respectively. Fair profitability index (4.0) with operating losses during 2017, 2018, 2019 and 2020. Average return on equity over the last five years has been poor at -9.5%. Good liquidity (5.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Fire (9.6%), comm multi (6.9%), med mal (3.8%), other (79.6%)
Licensed in: All states, the District of Columbia and Puerto Rico
Principal Investments: Investment grade bonds (73.1%), cash (8.1%), non investment grade bonds (3.8%), other (15.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Aspen Insurance Holdings Ltd
Investment Rating
APO
Company Address
1709 North 19th Street Suite
BISMARCK, ND 58501
Phone Number
(860) 393-2230
NAIC Number
10717
Largest Affiliates
C
WEST DES MOINES, IA - L&A
C
DES MOINES, IA - L&A
C
WILMINGTON, DE - L&A
B
Weiss Ratings