aspen insurance holdings ltd
(BXP:Frankfurt)
aspen insurance holdings ltd (BXP) Snapshot
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Open
€28.92
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Previous Close
€29.38
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Day High
€28.92
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Day Low
€28.92
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52 Week High
05/15/13 - €30.07
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52 Week Low
05/21/12 - €21.14
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Market Cap
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Average Volume 10 Days
0.0
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EPS TTM
--
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Shares Outstanding
0.0
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EX-Date
05/8/13
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P/E TM
--
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Dividend
€0.71
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Dividend Yield
1.85%
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Related News
aspen insurance holdings ltd (BXP) Related Businessweek News
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Aspen Insurance Holdings Limited, through its subsidiaries, provides insurance and reinsurance solutions worldwide. It operates in two segments, Reinsurance and Insurance. The Reinsurance segment offers property catastrophe reinsurance; other property reinsurance, including risk excess of loss and proportional treaty reinsurance, and facultative reinsurance; and casualty reinsurance, including the U.S. treaty, international treaty reinsurance, and casualty facultative reinsurance. It also provides specialty reinsurance consisting of credit and surety reinsurance, structured risks, agriculture reinsurance, and other specialty lines. The Insurance segment offers property insurance line comprising the U.S. and U.K. commercial property and construction business; casualty insurance line consisting of commercial liability, global excess casualty, the U.S. casualty insurance, and environmental liability; and marine, energy, and transportation insurance line, including marine, energy, and construction liability, energy physical damage, marine hull, specie, inland marine, and ocean risks and aviation. It also underwrites financial and professional lines insurance, consisting of financial institutions business, professional, management and technology liability, credit, political, terrorism, and surety risks; and offers programs, which writes property and casualty insurance risks for a select group of U.S.-based program managers. The company was founded in 2002 and is based in Hamilton, Bermuda.
aspen insurance holdings ltd (BXP) Top Compensated Officers
aspen insurance holdings ltd (BXP) Key Developments
Aspen Insurance Holdings Ltd. announced that Gary Gregg has been appointed as a non-executive director of the company. Mr. Gregg was with Liberty Mutual Group from 1989 to 2011 where he undertook a number of executive positions within Liberty Mutual's commercial insurance operations including most recently as Executive Vice President; President, Liberty Mutual Agency Corporation.
The Board of Directors of Aspen Insurance Holdings Ltd. has declared a cash dividend on the 7.401% Perpetual Non-Cumulative Preference Shares (the ‘7.401% Perpetual Preference Shares’) of $0.462563 per 7.401% Perpetual Preference Share. The dividend is payable on July 1, 2013 to the holders of record as of the close of business on June 15, 2013. The company's Board of Directors also declared a dividend on the 7.250% Perpetual Non-Cumulative Preference Shares (the ‘7.250% Perpetual Preference Shares’) of $0.4531 per 7.250% Perpetual Preference Share. The dividend is payable on July 1, 2013 to the holders of record as of the close of business on June 15, 2013.
Aspen Insurance Holdings Ltd. Board of Directors has declared a quarterly cash dividend on Aspen's ordinary shares of $0.18 per ordinary share. The amount payable has been increased by 5.9% from Aspen's previous quarterly dividend of $0.17 per ordinary share. The dividend is payable on May 28, 2013 to the holders of record as of the close of trading on May 10, 2013. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net written premiums of $597.0 million compared to $633.5 million a year ago. Net earned premiums were $510.9 million compared to $495.4 million a year ago. Net investment income was $48.3 million compared to $52.4 million a year ago. Operating income before tax was $92.1 million compared to $74.9 million a year ago. Income before tax was $97.7 million compared to $84.1 million a year ago. Net income after tax was $91.8 million compared to $78.7 million a year ago. Book value per ordinary share as at March 31, 2013 was $43.14 compared to $39.96 as at March 31, 2012. Annualized net income return on average equity was 11.6% and annualized operating return on average equity was 10.8% for the first quarter of 2013 compared with 10.4% and 9.2%, respectively in the first quarter of 2012. Diluted net income per share was $1.15 compared with diluted net income per share of $0.99 for the first quarter of 2012. Diluted operating income per share was $1.06, an increase of 20.5% from diluted operating income per share of $0.88 for the first quarter of 2012. Diluted book value per share was $40.68 at March 31, 2013 up 5.4% from the first quarter of 2012 and relatively unchanged from December 31, 2012. The increase in gross written premiums was mainly attributable to growth in the U.S.-based insurance operations specifically in the Professional and Global Casualty lines. The company expects to achieve an operating return on equity of 10% in 2014, assuming a pre-tax catastrophe load of $190 million per annum, normal loss experience and given the current interest rate and pricing environment.
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Industry Analysis
BXP
Industry Average
| Valuation | BXP | Industry Range |
| Price/Earnings | 10.7x |
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| Price/Sales | 1.1x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | 8.5x |
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| TEV/Sales | NM | Not Meaningful |
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To contact ASPEN INSURANCE HOLDINGS LTD, please visit www.aspen.bm. Company data is provided by Capital IQ. Please use this form to report any data issues.
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