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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues        
Net earned premium $ 562.0 $ 680.8 $ 1,143.1 $ 1,343.9
Net investment income 47.4 48.0 95.1 97.5
Realized and unrealized investment gains 49.0 45.1 100.2 110.7
Other income 3.6 (0.5) 7.2 0.9
Total revenues 662.0 773.4 1,345.6 1,553.0
Expenses        
Losses and loss adjustment expenses 346.1 442.2 674.3 799.6
Amortization of deferred policy acquisition costs 96.3 126.7 210.0 256.9
General, administrative and corporate expenses 119.9 116.4 241.2 236.2
Interest on long-term debt 7.4 7.4 14.8 14.8
Change in fair value of derivatives (17.6) 0.4 (20.7) 7.6
Change in fair value of loan notes issued by variable interest entities 3.3 (0.5) 6.2 3.9
Realized and unrealized investment losses 7.0 8.3 12.0 28.9
Net realized and unrealized foreign exchange losses 20.6 5.3 29.5 21.0
Other expenses 2.0 1.0 2.0 1.0
Total expenses 585.0 707.2 1,169.3 1,369.9
Income from operations before income tax 77.0 66.2 176.3 183.1
Income tax expense (1.2) (1.3) (4.0) (3.8)
Net income 75.8 64.9 172.3 179.3
Amount attributable to non-controlling interest (0.1) (0.4) (0.2) (0.2)
Net income attributable to Aspen Insurance Holdings Limited’s ordinary shareholders 75.7 64.5 172.1 179.1
Available for sale investments:        
Reclassification adjustment for net realized gains on investments included in net income (0.8) (1.1) (1.8) (5.3)
Change in net unrealized gains on available for sale securities held 13.7 43.3 16.7 132.5
Net change from current period hedged transactions 2.4 (2.9) 3.7 (5.0)
Change in foreign currency translation adjustment (27.6) (3.1) (44.8) (16.6)
Other comprehensive income, gross of tax (12.3) 36.2 (26.2) 105.6
Tax thereon:        
Reclassification adjustment for net realized gains on investments included in net income 0.0 0.1 0.2 0.6
Change in net unrealized gains on available for sale securities held (1.1) (5.1) (1.2) (13.7)
Net change from current period hedged transactions (0.4) 0.5 (0.5) 1.2
Change in foreign currency translation adjustment 6.3 1.3 10.6 3.8
Total tax on other comprehensive income 4.8 (3.2) 9.1 (8.1)
Other comprehensive (loss)/income net of tax (7.5) 33.0 (17.1) 97.5
Total comprehensive income attributable to Aspen Insurance Holdings Limited’s ordinary shareholders $ 68.2 $ 97.5 $ 155.0 $ 276.6
Weighted average number of ordinary share and share equivalents        
Basic (in shares) 59,966,358 60,705,028 59,914,797 60,771,601
Diluted (in shares) 61,022,981 62,192,142 61,095,817 62,263,209
Basic earnings per ordinary share adjusted for preference share dividends (in usd per share) $ 1.09 $ 0.91 $ 2.48 $ 2.64
Diluted earnings per ordinary share adjusted for preference share dividends (in usd per share) $ 1.07 $ 0.89 $ 2.43 $ 2.57