Overview

• Sompo will pay $37.50 per Aspen Class A share, a 35.6% premium to the unaffected Aug. 19 price.
• All Aspen Class A shares will be redeemed for cash and delisted from the NYSE, while preference shares will remain outstanding.
• Both companies' boards unanimously approved the deal, and holders of a majority of Aspen common shares have provided written consent.
• Sompo highlights Aspen's specialty underwriting scale and the Aspen Capital Markets platform with over $2 billion in assets under management that generates fee income.
• Sompo will fund the purchase with internal capital and expects immediate ROE accretion supported by Aspen's 2024 combined ratio of 87.9% and operating ROAE of 19.4%.