Aspen Insurance Preferreds Update: All Still Rated Hold
Portfolio Pulse from
Apollo Global Management plans to spin off Aspen Insurance Holdings in 2025, targeting a $4 billion valuation. Aspen Insurance redeemed its 5.95% 'C' preferred stock using funds from a 7% preferred, indicating positive financial health. Aspen's Q3 results show improved financials with $3 billion available for preferred stockholders.
March 20, 2025 | 2:00 pm
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Apollo Global Management plans to spin off Aspen Insurance in 2025, aiming for a $4 billion valuation. This strategic move could enhance Apollo's focus and potentially unlock value.
The planned spin-off of Aspen Insurance by Apollo Global Management is a strategic move that could unlock value and enhance focus on core operations. The $4 billion valuation target suggests confidence in Aspen's market position.
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