B
Aspen American Ins Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
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Major Rating Factors: Good long-term capitalization index (5.8 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: Excellent liquidity (8.2) with ample operational cash flow and liquid investments. 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%)
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2-Year Reserve Development
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Combined Ratio
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Investments in Affiliates
Corporate Info
Group Affiliation
Apollo Global Management Inc
Investment Rating
APO
Company Address
400 Capital Boulevard
Rocky Hill, CT 06067
Phone Number
(860) 393-2230
NAIC Number
43460
Largest Affiliates
C
WEST DES MOINES, IA - L&A
C
WILMINGTON, DE - L&A
C
DES MOINES, IA - L&A
C