XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues    
Net earned premium $ 581.1 $ 663.1
Net investment income 47.7 49.5
Realized and unrealized investment gains 51.2 65.6
Other income 3.6 1.4
Total revenues 683.6 779.6
Expenses    
Losses and loss adjustment expenses 328.2 357.4
Amortization of deferred policy acquisition costs 113.7 130.2
General, administrative and corporate expenses 121.3 119.8
Interest on long-term debt 7.4 7.4
Change in fair value of derivatives (3.1) 7.2
Change in fair value of loan notes issued by variable interest entities 2.9 4.4
Realized and unrealized investment losses 5.0 20.6
Net realized and unrealized foreign exchange losses 8.9 15.7
Other expenses 0.0 0.0
Total expenses 584.3 662.7
Income from operations before income tax 99.3 116.9
Income tax expense (2.8) (2.5)
Net income 96.5 114.4
Amount attributable to non-controlling interest (0.1) 0.2
Net income attributable to Aspen Insurance Holdings Limited’s ordinary shareholders 96.4 114.6
Available for sale investments:    
Reclassification adjustment for net realized gains on investments included in net income (1.0) (4.2)
Change in net unrealized gains on available for sale securities held 3.0 89.2
Net change from current period hedged transactions 1.3 (2.1)
Change in foreign currency translation adjustment (17.2) (13.5)
Other comprehensive income, gross of tax (13.9) 69.4
Tax thereon:    
Reclassification adjustment for net realized gains on investments included in net income 0.2 0.5
Change in net unrealized gains on available for sale securities held (0.1) (8.6)
Net change from current period hedged transactions (0.1) 0.7
Change in foreign currency translation adjustment 4.3 2.5
Total tax on other comprehensive income 4.3 (4.9)
Other comprehensive (loss)/income net of tax (9.6) 64.5
Total comprehensive income attributable to Aspen Insurance Holdings Limited’s ordinary shareholders $ 86.8 $ 179.1
Weighted average number of ordinary share and share equivalents    
Basic (in shares) 59,862,662 60,867,815
Diluted (in shares) 61,196,772 62,483,938
Basic earnings per ordinary share adjusted for preference share dividends (in usd per share) $ 1.39 $ 1.73
Diluted earnings per ordinary share adjusted for preference share dividends (in usd per share) $ 1.36 $ 1.68