Aspen American Ins Co
Major Rating Factors:
Good long-term capitalization index (6.0 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level. Good overall profitability index (6.0) despite operating losses during 2022. Return on equity has been low, averaging 4.3% over the past five years.
Other Rating Factors:
Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (8.5). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
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:
Comm multi (9.7%), med mal (4.4%), homeowners (1.3%), personal/comm auto (0.9%), work comp (0.5%), other (83.2%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Investment grade bonds (59.7%), common stock (24.0%), non investment grade bonds (4.0%), cash (0.6%), other (11.7%)
Corporate Info
Group Affiliation
Apollo Global Management Inc
Investment Rating
Company Address
400 Capital Boulevard
Rocky Hill, CT 06067
Rocky Hill, CT 06067
Phone Number
(860) 393-2230
NAIC Number
43460
Website
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