Aspen insurance holdings ltd (AHL)
Balance Sheet / TTM
Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
ASSETS
Investments:
Fixed income securities, available for sale at fair value (amortized cost — $5,016.5 and $5,282.3)

5,040

5,230

5,176

5,080

5,412

5,231

5,365

5,497

5,664

5,664

5,964

6,008

6,063

5,951

5,704

5,629

5,539

5,630

5,497

5,526

5,521

5,569

5,544

5,542

5,493

5,557

5,547

5,387

5,444

5,425

5,608

5,590

5,523

5,360

5,553

5,382

5,249

Debt Securities, Trading, and Equity Securities, FV-NI

1,289

1,187

1,407

1,615

1,637

1,649

1,665

1,357

1,313

1,265

996

957

896

788

791

777

799

771

774

770

734

716

718

503

468

456

435

403

397

394

384

382

372

406

410

371

348

Equity securities, available for sale at fair value (cost  $Nil and $82.6)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

109

125

142

147

149

163

183

209

200

197

187

188

179

163

178

173

0

-

-

-

Equity securities, trading at fair value (cost — $0 and $414.8)

-

-

0

0

0

491

468

658

623

584

797

785

757

736

696

729

719

616

521

432

360

310

278

229

205

0

-

-

-

-

-

-

-

-

-

-

-

Catastrophe bonds, trading at fair value (cost  $42.5 and $55.2)

-

-

-

-

-

-

-

-

-

-

-

-

-

55

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Short-term investments, available for sale at fair value (amortized cost — $160.7 and $105.6)

160

105

120

72

54

89

34

41

163

145

169

108

135

162

176

184

180

258

307

335

215

160

148

231

352

431

494

489

423

298

290

200

179

286

297

301

368

Short-term investments, trading at fair value (amortized cost — $ 81.0 and $9.5)

81

9

4

27

27

73

90

73

184

185

169

12

7

9

6

1

0

0

7

14

-

0

0

10

0

2

10

14

10

4

5

2

7

3

2

2

3

Catastrophe Bond

38

36

37

35

34

32

30

28

41

42

17

21

46

-

36

32

32

34

32

30

18

5

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Investments, equity method

67

67

66

67

66

66

4

3

5

12

13

8

8

8

9

9

9

8

8

8

8

48

46

44

45

45

34

33

33

33

32

30

30

30

28

27

27

Other investments

104

102

100

86

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total investments

6,780

6,739

6,913

6,984

7,232

7,633

7,658

7,661

7,996

7,900

8,128

7,903

7,916

7,712

7,422

7,363

7,281

7,428

7,274

7,260

7,006

6,959

6,899

6,746

6,774

6,692

6,720

6,515

6,497

6,335

6,484

6,383

6,287

6,086

6,291

6,085

5,997

Cash and Cash Equivalents, at Carrying Value

975

1,083

1,026

1,070

1,246

1,054

1,209

1,228

873

1,273

1,183

1,038

903

1,099

1,196

1,148

1,225

1,178

1,289

1,345

1,443

1,293

1,198

1,188

1,212

1,463

1,374

1,309

1,173

1,239

1,038

1,074

1,116

1,179

914

726

748

Reinsurance recoverables
Unpaid losses

2,122

2,077

1,767

1,656

1,611

1,515

1,369

779

635

560

419

410

366

354

348

337

360

350

384

360

352

332

442

472

479

499

461

457

455

426

357

359

334

279

263

247

321

Ceded unearned premiums

647

558

666

724

683

515

446

464

404

255

229

226

243

168

224

257

276

206

229

217

221

151

179

226

217

122

151

190

175

87

129

146

167

62

43

-106

103

Receivables
Underwriting premiums

1,686

1,459

1,700

1,725

1,743

1,496

1,529

1,614

1,557

1,399

1,437

1,428

1,339

1,115

1,208

1,249

1,264

1,011

1,105

1,192

1,189

999

1,089

1,197

1,149

1,057

993

1,063

1,061

894

957

1,054

940

821

880

981

708

Other

139

121

202

175

108

151

175

106

120

95

131

124

117

94

108

108

92

90

92

106

107

90

76

71

66

68

76

75

70

69

69

70

62

67

81

73

64

Funds withheld

92

91

91

89

102

99

100

89

90

73

51

46

39

36

39

44

46

46

47

47

49

46

47

81

85

84

79

91

86

90

65

81

86

83

79

83

85

Deferred policy acquisition costs

288

248

290

298

319

294

354

364

367

358

388

409

407

361

346

349

333

299

301

306

289

262

262

264

238

223

232

233

215

184

207

204

191

166

187

201

165

Derivatives at fair value

10

14

6

14

15

6

8

22

5

7

6

12

10

9

9

4

2

8

7

1

6

7

5

2

2

2

5

3

0

1

5

5

7

6

1

4

6

Receivables for securities sold

6

3

7

2

4

5

19

13

25

1

10

30

1

0

6

5

0

2

1

9

14

5

5

5

20

0

14

18

2

1

0

21

10

0

2

16

11

Office properties and equipment

72

73

75

73

77

75

89

85

86

83

84

83

83

70

68

65

61

62

64

65

61

60

60

57

55

57

59

56

58

53

49

45

38

34

32

28

27

Right-of-use operating lease assets

91

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax recoverable

-

-

24

5

6

2

13

7

3

0

-

-

-

0

-

-

-

-

-

-

-

-

3

0

-

2

12

15

20

19

2

19

5

0

-

-

-

Deferred tax assets

35

35

26

26

27

28

-

-

-

0

0

0

0

3

-

0

-

0

4

2

0

1

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Other assets

1

0

0

0

0

0

1

1

1

1

1

1

1

4

5

1

18

13

10

1

1

2

13

20

17

18

38

30

31

36

31

30

29

21

20

16

9

Intangible assets and goodwill

25

26

26

27

27

27

78

79

80

79

73

72

74

18

18

18

18

18

18

18

18

18

18

18

18

19

19

19

19

20

20

20

20

21

21

11

8

Total assets

12,978

12,532

12,824

12,874

13,207

12,906

13,051

12,516

12,247

12,090

12,145

11,786

11,505

11,048

11,003

10,954

10,981

10,716

10,829

10,935

10,763

10,230

10,301

10,354

10,336

10,310

10,237

10,079

9,867

9,460

9,419

9,516

9,297

8,832

8,819

8,581

8,257

LIABILITIES
Insurance reserves
Losses and loss adjustment expenses

7,000

7,074

6,726

6,532

6,679

6,749

6,490

5,571

5,365

5,319

5,246

5,181

5,011

4,938

4,913

4,815

4,698

4,750

4,787

4,795

4,760

4,678

4,715

4,734

4,683

4,779

4,639

4,556

4,585

4,525

4,399

4,391

4,229

3,820

3,672

3,485

3,331

Unearned premiums

1,917

1,709

1,974

2,087

2,097

1,820

1,926

1,981

1,891

1,618

1,781

1,819

1,804

1,587

1,686

1,702

1,665

1,441

1,508

1,568

1,479

1,280

1,334

1,375

1,295

1,120

1,184

1,223

1,146

916

1,014

1,086

1,028

859

951

1,061

907

Total insurance reserves

8,917

8,783

8,700

8,620

8,777

8,570

8,417

7,552

7,257

6,938

7,027

7,000

6,815

6,525

6,600

6,518

6,364

6,192

6,296

6,364

6,240

5,959

6,050

6,110

5,979

5,900

5,823

5,780

5,732

5,441

5,413

5,477

5,257

4,679

4,623

4,546

4,238

Payables
Reinsurance premiums

544

405

586

596

491

357

439

316

362

345

182

142

148

92

135

164

171

92

146

93

155

88

178

224

209

154

71

109

192

155

135

181

226

113

141

159

110

Current taxation

5

0

-

-

-

0

-

-

-

-

12

17

8

10

16

25

27

18

25

28

16

15

-

-

-

0

-

-

-

0

0

0

0

11

11

3

10

Deferred taxation

-

-

-

-

-

-

0

4

7

6

6

11

11

0

5

6

6

3

-

-

-

0

17

16

14

11

23

22

22

18

35

49

45

49

80

70

83

Accrued expenses and other payables

218

248

333

336

496

455

377

352

361

469

344

333

293

343

237

242

308

356

290

284

361

265

282

258

285

249

261

230

208

187

186

204

214

238

268

242

249

Operating lease liabilities

93

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities under derivative contracts

56

15

3

49

2

1

2

8

4

18

6

11

17

4

1

7

11

14

12

5

0

2

2

9

8

7

4

2

1

2

-

-

3

0

3

5

9

Total payables

918

668

923

981

990

813

820

682

736

839

551

515

479

451

397

446

526

484

475

411

533

372

481

510

518

422

360

365

425

364

356

435

490

411

505

481

463

Loan notes issued by variable interest entities, at fair value

-

-

0

20

32

44

101

110

110

115

112

104

104

103

84

76

76

70

64

56

53

50

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Long-term debt

424

424

424

424

549

549

549

549

549

549

549

549

549

549

549

549

549

549

549

549

549

549

499

499

499

499

499

499

499

499

498

498

498

498

249

249

249

Total liabilities

10,260

9,876

10,048

10,046

10,348

9,977

9,888

8,895

8,653

8,441

8,241

8,170

7,948

7,628

7,632

7,590

7,515

7,297

7,385

7,380

7,376

6,930

7,030

7,119

6,996

6,822

6,683

6,644

6,656

6,304

6,269

6,412

6,246

5,590

5,378

5,277

4,951

Commitments and contingent liabilities (see Note 17)

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

-

-

-

SHAREHOLDERS’ EQUITY
Ordinary shares:
Ordinary shares, value

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Preference shares:
4,600,000 5.625% shares of par value 0.15144558 USD Cents each (December 31, 2010 - 4,600,000)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

5,327,500 7.401% shares of par value 0.15144558 USD Cents each (December 31, 2010 - 5,327,500)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Non-controlling interest

3

3

2

3

2

2

2

1

1

1

1

1

1

1

1

1

0

0

-0

-0

-0

-0

-0

0

0

0

-0

0

0

0

0

0

0

0

0

-

0

Additional paid-in capital

967

967

966

965

959

954

951

1,125

1,142

1,259

1,280

1,040

1,055

1,075

1,068

1,061

1,106

1,134

1,186

1,276

1,269

1,297

1,297

1,346

1,318

1,516

1,521

1,523

1,390

1,385

1,381

1,388

1,388

1,388

1,561

1,566

1,763

Retained earnings

1,807

1,806

1,962

1,998

2,035

2,026

2,234

2,516

2,465

2,392

2,490

2,417

2,375

2,283

2,188

2,182

2,156

2,050

2,005

1,990

1,882

1,783

1,714

1,628

1,615

1,544

1,562

1,468

1,404

1,341

1,360

1,355

1,360

1,528

1,452

1,377

1,285

Accumulated other comprehensive income, net of taxes

-62

-121

-155

-139

-139

-55

-25

-22

-14

-5

131

157

124

59

113

118

203

234

252

286

234

219

259

259

405

427

469

443

415

428

407

361

301

324

425

360

257

Total shareholders’ equity

2,717

2,656

2,775

2,828

2,859

2,928

3,162

3,620

3,594

3,648

3,904

3,616

3,557

3,419

3,371

3,363

3,465

3,419

3,444

3,554

3,386

3,299

3,271

3,234

3,339

3,488

3,554

3,435

3,210

3,156

3,150

3,104

3,051

3,241

3,440

3,303

3,305

Total liabilities and shareholders’ equity

12,978

12,532

12,824

12,874

13,207

12,906

13,051

12,516

12,247

12,090

12,145

11,786

11,505

11,048

11,003

10,954

10,981

10,716

10,829

10,935

10,763

10,230

10,301

10,354

10,336

10,310

10,237

10,079

9,867

9,460

9,419

9,516

9,297

8,832

8,819

8,581

8,257

5.95% preference shares
Preference shares, value

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5.625% preference shares
Preference shares, value

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-