Aspen Specialty Ins Co
Major Rating Factors:
Poor long-term capitalization index (2.2 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2022. History of adequate reserve strength (5.5) as reserves have been consistently at an acceptable level. Excellent overall profitability index (6.9) despite operating losses during 2020. Return on equity has been fair, averaging 7.3% over the past five years.
Other Rating Factors:
Superior liquidity (9.4) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0) despite weak risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.0% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (6.2%), med mal (4.2%), comm multi (0.2%), fin guar/surety (0.2%), other (89.3%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (77.7%), non investment grade bonds (6.2%), other (16.1%)
Corporate Info
Group Affiliation
Apollo Global Management Inc
Investment Rating
Company Address
400 Capital Blvd
Rocky Hill, CT 06067
Rocky Hill, CT 06067
Phone Number
(860) 393-2230
NAIC Number
10717
Website
Largest Affiliates