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  • Aspen Insurance: Deep Value With Good ROE [View article]
    I think the add back to reserves was what hurt their stock last week. I understand the company will issue further information on the topic soon. Generally there is excess capacity in the sector which is why it's depressed, but we like the company and believe they have a sound approach to risk management although they've had some unfortunate exposures this year. Their investment portfolio is pretty conservative, and their returns have been low (though recent quarter was better). Rising rates shouldn't hurt them too much. Overall we like the stock and have been invested for a while.
    Nov 8 02:53 PM | 1 Like Like |Link to Comment
  • Aspen Insurance: Deep Value With Good ROE [View article]
    Nick, what did you think about the $9.5MM they added back into their insurance reserves? Do you think it suggests that they underpriced some elements of that line of business?
    Nov 8 12:15 PM | Likes Like |Link to Comment
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