Aspen Insurance Holdings Limited's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Aspen Insurance Holdings Limited (AHLPRD) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Aspen Insurance Holdings Limited vs Its Competitors
- TTM: Trailing 12-month revenue of 3,220M vs 1,314,845M combined for tracked competitors (0.2% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months), vs holding steady (+0.2%) for its tracked peer group.
- Growth: Aspen Insurance Holdings Limited generated -1.3% revenue growth year over year in Q4 2025, vs 6.8% for its tracked competitors combined.
- Profitability: Its 12.0% net margin compares with 13.7% for the peer group.
- Peer revenue share: Aspen Insurance Holdings Limited accounted for 1.0% of combined revenue among its tracked peer group, down from 1.1% a year earlier.
- Peer differentiation: Revenue per employee of $247.66M compares with $1.28M for the peer group (193.0x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
AHLPRD Sales vs. its Competitors, Q4 2025
Aspen Insurance Holdings Limited reported revenue contraction of 1.25 % year on year in Q4 2025, below its competitors' combined revenue growth of 6.78 %.
With a net margin of 11.98 %, Aspen Insurance Holdings Limited reported lower profitability than its competitors (13.67 %).
Aspen Insurance Holdings Limited generated 0.97 % of the combined sales of its peer group, down from 1.05 % a year earlier.
API endpoints for this dataset
Aspen Insurance Holdings Limited vs. its Competitors, Q4 2025
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Aspen Insurance Holdings Limited reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Aspen Insurance Holdings Limited and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Aspen Insurance Holdings Limited | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
| High-Confidence Competitors (3) | $12,345M | +12.3% · Accelerating |
| Similar Growth & Profitability (7) | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Aspen Insurance Holdings Limited's competitor groups requires a Commercial License.
For context: the Property & Casualty Insurance industry grew revenue 4.6% year over year, combined, vs -1.3% for Aspen Insurance Holdings Limited. Aspen Insurance Holdings Limited's share of combined industry revenue moved from 1.24% to 1.17%, a loss of 0.07 percentage points.
Aspen Insurance Holdings Limited's Competitor Quality Breadth
Share of each group, trailing 12 months: profitable (net margin > 0), expanding (revenue growth > 0), growing faster than the industry's own median, and financially distressed (Piotroski F-Score of 2 or below).
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Aspen Insurance Holdings Limited | Yes | No | No | No |
| Competitors combined (55) | ||||
| High-Confidence Competitors (3) | ||||
| Similar Growth & Profitability (8) | 100.00 % (8 of 8) | 75.00 % (6 of 8) | 25.00 % (2 of 8) | 12.50 % (1 of 8) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
AHLPRD Stock Performance relative to its Competitors
AHLPRD Stock Performance relative to High-Confidence Competitors
AHLPRD Stock Performance relative to Similar Growth & Profitability Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Kingstone Companies Inc | 282.9% | Outperformed |
| 2 | Reinsurance Group Of America Incorporated | 282.9% | Outperformed |
| 3 | Assurant Inc | 282.9% | Outperformed |
| 4 | Travelers Companies inc | 282.9% | Outperformed |
| 5 | Siriuspoint Ltd | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Aspen Insurance Holdings Limited's best-performing tracked competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Aspen Insurance Holdings Limited's Comment on Competition and Industry Peers
Publicly Traded Peers of Aspen Insurance Holdings Limited
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
| Aspen Insurance Holdings Limited | - | 3,219.60 |
| Progressive Corp | 135,961.17 | 91,735.00 |
| Marsh and Mclennan Companies Inc | 99,402.08 | 28,470.00 |
| Travelers Companies inc | 84,126.28 | 48,921.00 |
| The Cigna Group | 79,571.34 | 282,382.00 |
| Aon Plc | 71,685.15 | 17,707.00 |
| SUBTOTAL | 1,037,522.43 | 1,319,265.32 |
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Sources: Aspen Insurance Holdings Limited's official press releases and company reports; CSIMarket.com's market research; and the company reports and press releases of the other companies cited.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Aspen Insurance Holdings Limited versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Aspen Insurance Holdings Limited's Competitors Named by the Company
Competitive relationships identified from Aspen Insurance Holdings Limited reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| White Mountains Insurance Group ltd | Company report | 85% |
| Lloyd's | Company report | 85% |
| Renaissancere Holdings Ltd | Company report | 85% |
| Kemper Corporation | Company report | 85% |
| Rli Corp | Company report | 85% |
| Proassurance Corporation | Company report | 85% |
| James River Group Holdings Inc | Company report | 85% |
| Unico American Corporation | Company report | 85% |
| Global Indemnity Group Llc | Company report | 85% |
| Hanover Insurance Group Inc | Company report | 85% |
| Kingsway Financial Services Inc | Company report | 85% |
| Axis Capital Holdings Limited | Company report | 85% |
| Enstar Group Ltd | Company report | 85% |
| Kingstone Companies Inc | Company report | 85% |
| Universal Insurance Holdings Inc | Company report | 85% |
| Arch Capital Group Ltd | Company report | 85% |
| Oxbridge Re Holdings Limited | Company report | 85% |
| United Fire Group Inc | Company report | 85% |
| Everest Group Ltd | Company report | 85% |
| National Security Group Inc. | Company report | 85% |
| Berkshire Hathaway Inc | Company report | 85% |
| State Auto Financial Corporation | Company report | 85% |
| Essent Group Ltd | Company report | 85% |
| Fg Nexus Inc | Company report | 85% |
| Alleghany Corp | Company report | 85% |
| Heritage Insurance Holdings Inc | Company report | 85% |
| American Financial Group Inc | Company report | 85% |
| Markel Group Inc | Company report | 85% |
| American International Group Inc | Company report | 85% |
| Amerinst Insurance Group Ltd | Company report | 85% |
| Maiden Holdings Ltd | Company report | 85% |
| Partnerre Ltd | Company report | 85% |
| Old Republic International Corporation | Company report | 85% |
| Travelers Companies inc | Company report | 85% |
| American Coastal Insurance Corporation | Company report | 85% |
| Greenlight Capital Re Ltd | Company report | 85% |
| Hallmark Financial Services inc | Company report | 85% |
| Mercury General Corporation | Company report | 85% |
| Donegal Group Inc | Company report | 85% |
| Siriuspoint Ltd | Company report | 85% |
Company report basis, confidence, active dates and source counts for Aspen Insurance Holdings Limited's named competitors require a Commercial License.
Methodology: relationships are extracted from Aspen Insurance Holdings Limited reports (named-competitor disclosures) and corroborating sources. Confidence reflects evidence strength.
Aspen Insurance Holdings Limited's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Aspen Insurance Holdings Limited | Reinsurance 50.43 % |
| Marsh and Mclennan Companies Inc | Risk 55.31 % |
| Travelers Companies inc | Business Insurance 47.23 % |
| The Cigna Group | Evernorth 86.55 % |
| Aon Plc | Risk Capital 65.40 % |
| Allstate Corp | Allstate Protection 86.96 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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Aspen Insurance Holdings Limited's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Aspen Insurance Holdings Limited | - | 247,661,538 | 26,169,231 |
| Progressive Corp | 135,961 | 1,834,700 | 232,440 |
| Marsh and Mclennan Companies Inc | 99,402 | 299,684 | 43,358 |
| Travelers Companies inc | 84,126 | 1,438,853 | 244,618 |
| The Cigna Group | 79,571 | 4,171,078 | 102,555 |
| Aon Plc | 71,685 | 295,117 | 65,750 |
| PEERS TOTAL | 1,037,522 | 1,283,372 | 166,651 |
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Aspen Insurance Holdings Limited's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Aon Plc | Europe, Middle East, and Africa, Other Than United Kingdom and Ireland 14.78 % |
| Brown and Brown Inc | US 88.00 % |
| Ncr Atleos Corporation | United States 46.86 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
Aspen Insurance Holdings Limited's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Property & Casualty Insurance industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (89 companies). See the full Property & Casualty Insurance industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | 38.84 % | 46.18 % (avg) | -7.3 pp |
| Operating Margin | 17.99 % | industry median | -13.4 pp |
| EBITDA Margin | 26.17 % | 23.19 % (avg) | +3.0 pp |
| Capital Intensity (Capex / Revenue) | 0.56 % | 0.92 % (avg) | -0.4 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
Aspen Insurance Holdings Limited's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | -7.73 % | 2.98 % | 333.18 % | 9.37 % | -7.29 % | 2.63 % | 9.92 % | -1.25 % |
| Operating Margin | -123.92 % | -91.80 % | -0.83 % | 2.28 % | 3.94 % | 17.84 % | 18.07 % | 17.99 % |
| Return on Invested Capital | -4.97 % | -3.96 % | -0.15 % | 0.42 % | 0.69 % | 2.91 % | 3.03 % | 2.85 % |
| P/E | - | - | - | - | - | - | - | - |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Aspen Insurance Holdings Limited's Strategic Group Map
Every company in Aspen Insurance Holdings Limited's industry and named-competitor list, plotted by trailing 12-month revenue growth and operating margin. Aspen Insurance Holdings Limited is shown in red; its closest peers by combined growth, margin and ROIC (the Similar Growth & Profitability group above) are labeled.
Source: CSIMarket API, trailing 12 months. Extreme outlier values (from near-zero-revenue companies) are excluded from the plotted cloud but never from the highlighted company or its labeled peers.
Aspen Insurance Holdings Limited's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 0.56 % vs industry average 0.92 % (see Profitability & Cost Structure above) |
| Supplier Power | Not covered on this page | See Aspen Insurance Holdings Limited's dedicated suppliers page for concentration and dependency data |
| Buyer Power | Not covered on this page | See Aspen Insurance Holdings Limited's dedicated customers page for concentration and dependency data |
| Threat of Substitutes | - | No systematic data source for cross-product substitution exists in this system; not estimated |
Note: this is a partial, data-grounded application of the framework, not a complete strategic assessment. Rivalry and barriers-to-entry readings are mechanical translations of the HHI and capital-intensity figures shown elsewhere on this page, not independent judgments.
Aspen Insurance Holdings Limited's Industry Attractiveness & Competitive Strength
A CSIMarket composite, not a standard field: each axis is an equal-weighted average of three factors already shown elsewhere on this page (industry growth, industry profitability and rivalry for attractiveness; relative market share, profitability and growth vs industry for strength). Disclosed as a designed methodology, not a precision measurement.
Aspen Insurance Holdings Limited falls in the High attractiveness / Low strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
Aspen Insurance Holdings Limited's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+300.0% annualized vs trailing 12 months).
Weaknesses
- Operating margin 13.4 points below the industry median.
Opportunities
No rule matched.
Threats
No rule matched.
Methodology: mechanical, rule-based SWOT. Each bullet reuses a figure already sourced and cited elsewhere on this page; nothing here is generated narrative or independent analyst judgment.
Aspen Insurance Holdings Limited's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Aspen Insurance Holdings Limited | - | - | 0.08 |
| Progressive Corp | 0.06 | 1.06 | 0.24 |
| Marsh and Mclennan Companies Inc | 0.52 | 1.13 | 1.36 |
| Travelers Companies inc | 0.01 | 1.08 | 0.29 |
| The Cigna Group | 0.12 | 0.82 | 0.76 |
| Aon Plc | 0.06 | 1.06 | 1.86 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Aspen Insurance Holdings Limited's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Aspen Insurance Holdings Limited | Q4 2025 | -1.2 % | -30.0 % |
| Progressive Corp | Q3 2026 | +3.0 % | -2.8 % |
| Marsh and Mclennan Companies Inc | Q3 2026 | +7.9 % | +6.7 % |
| Travelers Companies inc | Q3 2026 | -0.5 % | +1.5 % |
| The Cigna Group | Q2 2026 | +6.7 % | +22.4 % |
| Aon Plc | Q3 2026 | +2.6 % | +1.3 % |
| PEERS TOTAL | +6.2 % | -20.8 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Aspen Insurance Holdings Limited's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Aspen Insurance Holdings Limited | Q4 2025 | +0.5 % | +3.4 % |
| Progressive Corp | Q3 2026 | +1,016.0 % | +75.8 % |
| Marsh and Mclennan Companies Inc | Q3 2026 | - | +12.5 % |
| Travelers Companies inc | Q3 2026 | +0.4 % | - |
| The Cigna Group | Q2 2026 | +6.4 % | - |
| Aon Plc | Q3 2026 | - | +36.2 % |
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Aspen Insurance Holdings Limited's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Aspen Insurance Holdings Limited | 2.09% | 2.04% | 9.38% |
| Progressive Corp | 9.34% | 10.98% | 35.44% |
| Marsh and Mclennan Companies Inc | 6.96% | 11.21% | 27.25% |
| Travelers Companies inc | 5.82% | 8.95% | 26.20% |
| The Cigna Group | 4.44% | 6.84% | 16.41% |
| Aon Plc | 7.15% | 9.96% | 40.15% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Aspen Insurance Holdings Limited's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Aspen Insurance Holdings Limited | - | - |
| Progressive Corp | 11.76 | 1.48 |
| Marsh and Mclennan Companies Inc | 24.94 | 3.49 |
| Travelers Companies inc | 10.52 | 1.72 |
| The Cigna Group | 12.78 | 0.28 |
| Aon Plc | 18.65 | 4.05 |
| PEERS AVERAGE | 6.06 | 0.79 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.