Business Context and Reporting Period
Company: Aspen Insurance Holdings Limited
Filing Type: Form 8-K (Current Report)
Date of Report: December 6, 2017
Subject: Regulation FD Disclosure regarding the publication of 2016 Loss Development Triangles.
Key Financial Metrics
This filing does not report specific revenue, profit, cash flow, margin, debt, or liquidity figures. The document serves solely to announce the availability of actuarial data on the company's website.
Material Changes
No material financial changes or operational updates are reported in this filing. The disclosure pertains to the release of historical data (as of December 31, 2016) to provide transparency regarding reserve adequacy.
Guidance, Outlook, and Management Commentary
Management Commentary: The company published 2016 Loss Development Triangles to provide stakeholders with additional insight into reserves held on the balance sheet as of December 31, 2016.
Data Included: The triangles contain data on earned premiums, paid losses, case reserves, and incurred losses on an accident year basis (gross, ceded, and net). They also include total incurred but not reported (IBNR) reserves and development triangles for paid and incurred losses on a gross basis.
Investor Verification Checklist
- Verify the 2016 Loss Development Triangles on the "Financial Results" page of the Aspen website (www.aspen.co).
- Review the gross, ceded, and net basis data for earned premiums and incurred losses.
- Analyze the total incurred but not reported (IBNR) reserves as of December 31, 2016.
- Compare the published development triangles against prior year trends to assess reserve stability.