ASPEN INSURANCE HOLDINGS LTD AHL Income Statement

Aspen insurance holdings ltd (AHL)

Income statement / Quarterly

Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues
Premiums Earned, Net
510,600	538,500	623,200	519,500	533,500	511,000	652,500	562,000	581,100	612,400	681,000	680,800	663,100	629,700	640,600	609,400	593,600	612,200	610,400	616,200	566,500	572,600	544,300	544,000	510,900	558,500	516,200	513,400	495,400	489,400	486,900	459,800	452,400	499,700	451,700	479,900	467,600	470,900	428,600
Net investment income
51,500	52,500	48,000	50,400	47,300	47,500	46,400	47,400	47,700	43,200	46,400	48,000	49,500	46,400	45,000	46,700	47,400	46,700	48,000	46,100	49,500	47,200	45,000	45,900	48,300	51,100	48,600	52,800	52,400	54,200	57,300	58,600	55,500	57,000	58,100	57,500	59,400	58,900	72,200
Gain (Loss) on Investments
42,000	4,100	1,800	3,500	100,600	18,800	29,900	49,000	51,200	-29,000	26,700	45,100	65,600	12,900	10,700	13,500	57,400	-7,300	1,100	34,600	17,900	2,600	23,600	14,400	16,300	6,100	13,200	5,400	10,700	25,400	3,200	9,800	8,400	21,000	22,100	5,700	12,300	14,600	4,800
Other income
1,700	3,400	1,400	2,100	2,100	3,900	-2,200	3,600	3,600	3,300	1,500	-500	1,400	-300	-2,300	-1,200	3,900	-300	1,000	3,200	600	4,600	1,600	900	1,100	-3,400	4,800	3,500	700	-	-	-	-	5,000	1,800	3,700	1,100	3,100	2,600
Total revenues
605,800	598,500	674,400	575,500	683,500	581,200	726,600	662,000	683,600	629,900	755,600	773,400	779,600	688,700	694,000	668,400	702,300	651,300	660,500	700,100	634,500	627,000	614,500	605,200	576,600	612,300	582,800	575,100	559,200	573,100	547,400	528,200	522,700	590,500	530,000	544,700	538,400	542,400	503,700
Expenses
Policyholder Benefits and Claims Incurred, Net
311,800	521,300	431,100	310,400	310,200	544,200	776,200	346,100	328,200	387,300	389,200	442,200	357,400	334,000	365,600	360,500	306,100	339,600	342,700	337,100	288,100	331,400	290,200	333,400	268,700	437,400	255,000	262,100	284,000	394,500	306,200	326,400	528,900	307,400	285,800	276,700	378,800	235,100	234,700
Deferred Policy Acquisition Costs, Amortization Expense
88,200	93,900	101,000	85,900	90,800	85,100	105,400	96,300	113,700	141,100	130,900	126,700	130,200	118,200	132,000	114,100	119,300	114,800	115,500	108,900	112,000	99,700	110,500	107,200	104,600	490,200	-103,100	-102,000	96,100	272,300	-93,400	86,700	81,400	259,600	75,600	77,800	-84,500	-79,600	-80,800
General, administrative and corporate expenses
137,300	100,100	160,400	110,200	121,000	150,100	110,900	119,900	121,300	128,900	125,000	116,400	119,800	125,900	100,500	95,400	102,200	121,500	119,800	108,800	95,600	94,900	98,900	87,700	86,600	86,100	90,700	83,500	84,800	79,300	72,000	70,700	62,500	78,500	65,000	62,600	52,500	63,700	59,900
Interest Expense, Debt
5,500	5,500	5,400	7,600	7,400	7,300	7,400	7,400	7,400	7,400	7,300	7,400	7,400	7,400	7,400	7,300	7,400	7,400	7,400	7,300	7,400	9,500	7,700	7,800	7,700	7,700	7,800	7,700	7,700	7,700	7,700	7,700	7,700	4,800	3,900	4,000	3,800	3,900	4,000
Derivative, Gain (Loss) on Derivative, Net
-53,300	-16,400	7,200	-46,100	23,500	2,500	4,500	17,600	3,100	-17,600	600	-400	-7,200	2,500	10,100	2,000	-7,800	-6,600	-5,100	-4,600	1,100	1,800	6,600	-2,900	-4,200	-4,400	-4,900	-11,600	-7,500	-48,800	-30,000	22,300	-3,400	7,600	-3,700	-2,100	-2,000	-2,000	-1,900
Change in fair value of loan notes issued by variable interest entities
-1,500	-300	-1,700	-3,400	1,000	17,600	9,800	-3,300	-2,900	-3,400	-9,800	500	-4,400	-5,300	-8,300	-3,300	-2,900	-4,100	-8,500	-2,600	-3,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Realized and unrealized investment losses
6,200	9,500	2,700	24,200	138,300	4,000	12,400	7,000	5,000	29,100	5,200	8,300	20,600	-17,700	51,900	28,800	14,500	5,800	1,300	3,300	4,300	-7,500	5,900	21,000	1,100	400	2,400	4,100	1,700	-	-	-	-	-	-	-	-	-	-
Realized loss on debt extinguishment
-	0	0	-8,600	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign Currency Transaction Gain (Loss), before Tax
5,100	5,500	-9,500	5,200	-4,700	-2,800	8,400	-20,600	-8,900	12,000	10,800	-5,300	-15,700	5,000	-8,400	-11,600	-6,400	16,000	-21,200	10,700	100	-6,100	2,400	-4,100	-5,400	3,900	4,500	-12,700	7,700	-18,200	-5,800	10,900	6,400	-100	3,400	-2,600	1,500	7,900	3,100
Other expenses
-900	4,800	-400	-500	-1,200	6,900	0	-2,000	0	-600	900	1,000	0	-100	0	-1,800	2,600	-500	300	1,200	700	1,100	0	0	600	2,800	300	600	1,000	6,900	9,100	-6,800	8,100	1,371,200	-426,900	-423,700	-518,100	-371,300	-373,700
Total expenses
599,600	742,100	705,000	591,700	649,100	776,300	989,600	585,000	584,300	704,000	655,100	707,200	662,700	565,500	664,000	617,200	569,200	583,300	621,800	563,100	510,300	533,400	504,200	564,100	478,900	614,900	459,700	484,300	475,100	584,600	524,200	517,900	692,000	-	-	-	-	-	-
Income from operations before income tax
6,200	-143,600	-30,600	-16,200	34,400	-195,100	-263,000	77,000	99,300	-74,100	100,500	66,200	116,900	123,200	30,000	51,200	133,100	68,000	38,700	137,000	124,200	93,600	110,300	41,100	97,700	-2,600	123,100	90,800	84,100	-11,500	23,200	10,300	-169,300	95,900	103,100	121,000	20,300	171,100	130,000
Income Tax Expense (Benefit)
-4,400	3,200	-15,500	-1,500	3,600	-10,200	-9,200	1,200	2,800	-2,600	4,900	1,300	2,500	5,300	1,800	2,200	5,100	800	1,300	6,200	3,800	3,600	2,900	1,000	5,900	-4,600	8,000	6,200	5,400	-23,900	2,000	1,200	-16,500	3,200	10,300	12,100	2,000	25,300	19,600
Other Comprehensive (Loss)/Income:
Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax
10,600	-147,800	-15,100	-14,700	30,800	-186,200	-253,800	75,800	96,500	-71,600	95,600	64,900	114,400	117,100	28,200	49,000	128,000	66,400	37,400	130,800	120,400	90,000	107,400	40,100	91,800	2,000	115,100	84,600	78,700	12,400	21,200	9,100	-152,800	92,700	92,800	108,900	18,300	145,800	110,400
Amount attributable to non-controlling interest
-200	800	-100	100	200	500	600	100	100	100	-200	400	-200	0	300	500	0	800	-100	0	100	-200	-300	0	0	-500	0	200	100	-	200	-	-	-	-	-	-	-	-
Net income attributable to Aspen Insurance Holdings Limited’s ordinary shareholders
10,800	-146,800	-15,000	-14,800	30,600	-184,100	-254,400	75,700	96,400	-71,500	95,800	64,500	114,600	118,700	27,900	48,500	128,000	67,200	37,500	130,800	120,300	90,200	107,700	40,100	91,800	1,900	115,100	84,800	78,800	-	21,000	-	-	-	-	-	-	-	-
Other Comprehensive Income/(Loss):
Debt Securities, Available-for-sale [Abstract]
Reclassification adjustment for net realized gains on investments included in net income
-200	-1,700	-300	-3,300	100	1,200	1,000	800	1,000	200	4,400	1,100	4,200	4,100	2,100	-600	32,300	1,800	3,600	1,900	400	3,400	8,300	5,900	6,500	-	5,000	1,200	-	-	-	-	-	-	-	-	-	-	-
Change in net unrealized gains/(losses) on available for sale securities held
75,400	43,700	-21,300	-26,100	-82,800	-28,800	1,300	13,700	3,000	-142,800	-18,800	43,300	89,200	-50,700	24,800	-78,200	32,400	16,800	-29,400	35,000	23,000	-35,700	4,800	-132,400	-11,000	-	27,200	35,400	-	-	-	-	-	-	-	-	-	-	-
Amortization of loss on derivative contract
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	0	100	100	-	200	100	-	100	100	200	-100	-	-	-	-	-	-
Net change from current period hedged transactions
1,700	100	-500	-2,600	900	-300	-400	2,400	1,300	2,500	3,100	-2,900	-2,100	100	-200	5,100	-2,400	-3,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in foreign currency translation adjustment
-14,700	-5,400	2,000	33,000	-8,100	-6,700	-4,900	-27,600	-17,200	-1,200	-10,200	-3,100	-13,500	-10,600	-29,000	-15,700	-27,700	-38,500	-3,300	22,800	-4,800	-3,100	3,400	-18,900	-5,500	-	-4,900	-9,400	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income/(loss), gross of tax
62,600	40,100	-19,500	7,600	-90,100	-37,000	-5,000	-12,300	-13,900	-141,700	-30,300	36,200	69,400	-65,300	-6,500	-88,200	-30,000	-27,300	-36,300	55,900	17,800	-41,900	-100	-157,100	-22,900	-	27,500	27,300	-	-	-	-	-	-	-	-	-	-	-
Tax thereon:
Reclassification adjustment for net realized gains on investments included in net income
0	-300	-100	-400	100	0	200	0	200	400	0	100	500	500	300	0	400	0	100	-100	200	200	100	400	0	-	0	-	-900	2,100	-5,200	-1,400	7,000	-	-	-	-	-	-
Change in net unrealized gains/(losses) on available for sale securities held
5,200	2,900	-1,400	-1,600	-5,400	-3,400	600	1,100	100	-12,000	-2,000	5,100	8,600	-1,800	-500	-4,200	3,300	-1,000	-2,000	3,500	2,500	-1,700	400	-10,400	-1,300	18,900	1,100	-400	-10,900	-91,300	69,000	49,000	-21,500	-	-	-	-	-	-
Net change from current period hedged transactions
100	100	-100	-500	200	-100	0	400	100	500	600	-500	-700	-300	300	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in foreign currency translation adjustment
-2,500	3,500	-2,300	9,600	-1,600	-2,900	-2,300	-6,300	-4,300	7,200	-3,700	-1,300	-2,500	-8,700	-1,100	500	-1,600	-7,900	0	0	0	-	-	-	-	-	-	-	-1,500	-	-17,400	12,100	5,600	-	-	-	-	-	-
Total tax on other comprehensive income
2,800	6,800	-3,700	7,900	-6,900	-6,400	-1,900	-4,800	-4,300	-4,700	-5,100	3,200	4,900	-11,300	-1,600	-3,700	1,300	-8,900	-2,100	3,600	2,300	-1,900	300	-10,800	-1,300	-	1,100	-400	-	-	-	-	-	-	-	-	-	-	-
Other comprehensive income/(loss), net of tax
59,800	33,300	-15,800	-300	-83,200	-30,600	-3,100	-7,500	-9,600	-137,000	-25,200	33,000	64,500	-54,000	-4,900	-84,500	-31,300	-18,400	-34,200	52,300	15,500	-40,000	-400	-146,300	-21,600	-42,300	26,400	27,700	-13,300	21,200	46,500	59,700	-22,800	-	-	-	-	-	-
Total comprehensive income/(loss) attributable to Aspen Insurance Holdings Limited’s ordinary shareholders
70,600	-114,300	-30,800	-15,100	-52,600	-216,000	-257,500	68,200	86,800	-208,600	70,600	97,500	179,100	63,900	23,000	-36,000	96,700	48,000	3,300	183,100	135,800	50,200	107,300	-106,200	70,200	-40,400	141,500	112,500	65,500	33,700	67,700	68,800	-175,600	-	-	-	-	-	-
Earnings Per Share [Abstract]
Basic weighted average ordinary shares (in shares)
-	59,431	59,692	59,671	-	59,426	59,759	59,966	59,862	60,116	60,225	60,705	60,867	60,804	60,779	61,408	62,159	62,293	65,116	65,447	65,289	65,726	66,716	66,191	68,854	71,006	71,129	71,303	70,943	70,616	70,699	70,792	70,551	73,963	76,722	77,289	77,394	83,056	82,940
Diluted weighted average ordinary shares (in shares)
-	59,431	59,692	59,671	-	57,036	59,759	61,022	61,196	61,189	61,577	62,192	62,483	62,165	62,155	62,896	63,532	63,712	66,513	66,700	66,565	67,366	68,561	69,291	72,452	73,681	73,397	73,845	73,832	65,240	73,299	73,568	70,551	78,329	80,363	80,727	80,638	85,993	85,646
Earnings Per Share, Basic
-	-2.60	-0.38	-0.38	-	-3.22	-4.48	1.09	1.39	-1.40	1.43	0.91	1.73	1.79	0.30	0.64	1.91	0.94	0.43	1.85	1.70	1.23	1.47	0.38	1.21	-0.09	1.50	1.07	1.03	-4.30	0.22	-0.05	2.25	1.16	1.14	1.34	0.16	1.69	1.26
Earnings Per Share, Diluted
-	-2.60	-0.38	-0.38	-	-3.17	-4.48	1.07	1.36	-1.36	1.40	0.89	1.68	1.75	0.30	0.62	1.87	0.92	0.42	1.82	1.66	1.20	1.43	0.36	1.15	-0.08	1.45	1.03	0.99	-4.29	0.21	-0.05	2.25	1.10	1.08	1.28	0.16	1.63	1.22