Aspen American Ins Co
Major Rating Factors:
History of adequate reserve strength (5.3 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.2). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. Fair profitability index (4.6) with operating losses during 2019 and 2022. Return on equity has been low, averaging 0.6% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (11.3%), med mal (5.2%), homeowners (2.4%), work comp (1.0%), personal/comm auto (0.8%), fin guar/surety (0.2%), other (79.1%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Investment grade bonds (52.3%), common stock (25.0%), non investment grade bonds (2.4%), cash (0.5%), other (19.7%)
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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