Aspen's 2020 loss shrinks to $40.1mn after expenses fall
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Aspen's 2020 loss shrinks to $40.1mn after expenses fall

Anna Sagar
March 31, 2021
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
aspen_logo_bermuda_2022.png

Aspen reported a net loss of $40.1mn in 2020 due to above-average catastrophe losses and Covid-19 losses, but the deficit was a sixth of the size of the 2019 loss after expenses fell.

In 2019 the business fell to a loss of $241.7m, driven by an underwriting loss of $195.1mn and major non-operating expenses, as the business began a turnaround effort under new CEO Mark Cloutier.

The

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

NewsResultsAspenEarnings
AS
Anna Sagar
Contact
Gift this article