NU Online News Service, Feb. 7, 3:16 p.m. EDT

Aspen Insurance Holdings says it posted after-tax net income of $13.5 million for the 2011 fourth quarter on $101.5 million of net losses from natural catastrophes occurring during the fourth quarter and increases to previous 2011 catastrophe estimates.

Fourth quarter profit dropped more than 85 percent compared to the same period a year ago.

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