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Aspen posts third quarter profit

Posted On: Oct. 26, 2006 12:00 AM CST

HAMILTON, Bermuda—Aspen Insurance Holdings Ltd. posted net income of $95 million for the third quarter of 2006, compared with a loss of $362 million for the comparable period last year.

For the first nine months of the year Aspen's profit was $258.6 million, compared with a loss of $208.1 million for the first nine months of 2005.

The Bermuda-based reinsurer posted gross written premiums of $1.67 billion for the first nine months of 2006, down from $1.85 billion for the comparable period last year.