Aspen Insurance Holdings Limited, which is being snapped up by certain investment funds affiliated with Apollo Global Management, LLC, has reported improved results ahead of the completion of its sale.
In the third quarter of 2018, Aspen posted a net loss after tax of US$15.1 million – a sharp fall from the US$253.8 million net loss it suffered in the same period last year. The firm also enjoyed an operating income after tax of US$36.9 million in the three months ending September 30, following 2017’s operating loss of US$276.6 million.
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