Aspen stock jumps on ~$3.5B acquisition by Japan-based Sompo

[Sompo Japan Building and Shinjuku Center Building in Tokyo]
Kazzpix/iStock Editorial via Getty Images

Aspen Insurance (NYSE:AHL [https://seekingalpha.com/symbol/AHL]) stock was surging after Japan-based Sompo Holdings (OTCPK:NHOLF [https://seekingalpha.com/symbol/NHOLF]) (OTCPK:SMPNY [https://seekingalpha.com/symbol/SMPNY]) announced [https://seekingalpha.com/pr/20213009-sompo-to-acquire-aspen-for-3_5-billion] an ~$3.5B acquisition of the specialty insurer.

AHL shares were +11.74% Wednesday pre-market to $35.99.

The unit Sompo International Holdings has entered into a definitive agreement to purchase 100% of the issued class A shares of Aspen for $37.50 per share in cash.

Media reports [https://seekingalpha.com/news/4487402-aspen-insurance-soars-amid-report-in-talks-with-sompo] about Sompo Holdings being in talks to acquire the insurer had surfaced on August 20.

The consideration represents a 35.6% premium to the August 19 unaffected share price of $27.66, and 24.6% to the unaffected 30-day volume-weighted average price as of August 19.

The deal is expected to be immediately accretive to Sompo's return on equity.

The transaction, unanimously approved by boards of both companies, is expected to close in the first half of 2026.

MORE ON ASPEN INSURANCE HOLDINGS LIMITED

* Aspen Insurance Holdings Limited (AHL) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4814389-aspen-insurance-holdings-limited-ahl-q2-2025-earnings-call-transcript]
* Aspen: Navigating Profit In A Hardening Insurance Market [https://seekingalpha.com/article/4800463-aspen-navigating-profit-in-a-hardening-insurance-market]
* Aspen Insurance soars amid report in talks with Sompo (update) [https://seekingalpha.com/news/4487402-aspen-insurance-soars-amid-report-in-talks-with-sompo]
* Aspen Insurance announces pricing $300M debt offering via issuance of senior notes [https://seekingalpha.com/news/4457094-aspen-insurance-announces-pricing-300m-debt-offering-via-issuance-of-senior-notes]
* Historical earnings data for Aspen Insurance Holdings Limited [https://seekingalpha.com/symbol/AHL/earnings]