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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Net earned premium $ 623.2 $ 652.5 $ 1,676.2 $ 1,795.6
Net investment income 48.0 46.4 145.7 141.5
Realized and unrealized investment gains 1.8 29.9 105.9 130.1
Other income 1.4 (2.2) 5.6 5.0
Total revenues 674.4 726.6 1,933.4 2,072.2
Expenses        
Losses and loss adjustment expenses 431.1 776.2 1,051.7 1,450.5
Amortization of deferred policy acquisition costs 101.0 105.4 277.7 315.4
General, administrative and corporate expenses 160.4 110.9 391.6 352.1
Interest on long-term debt 5.4 7.4 20.4 22.2
Change in fair value of derivatives (7.2) (4.5) 15.4 (25.2)
Change in fair value of loan notes issued by variable interest entities 1.7 (9.8) 4.1 (3.6)
Realized and unrealized investment losses 2.7 12.4 165.2 24.4
Realized loss on the debt extinguishment 0.0 0.0 8.6 0.0
Net realized and unrealized foreign exchange losses/(gains) 9.5 (8.4) 9.0 21.1
Other expenses 0.4 0.0 2.1 2.0
Total expenses 705.0 989.6 1,945.8 2,158.9
(Loss) from operations before income tax (30.6) (263.0) (12.4) (86.7)
Income tax credit 15.5 9.2 13.4 5.2
Net (loss)/income (15.1) (253.8) 1.0 (81.5)
Amount attributable to non-controlling interest 0.1 (0.6) (0.2) (0.8)
Net (loss)/income attributable to Aspen Insurance Holdings Limited’s ordinary shareholders (15.0) (254.4) 0.8 (82.3)
Available for sale investments:        
Reclassification adjustment for net realized gains on investments included in net income 0.3 (1.0) 3.5 (2.8)
Change in net unrealized (losses)/gains on available for sale securities held (21.3) 1.3 (130.2) 18.0
Net change from current period hedged transactions (0.5) (0.4) (2.2) 3.3
Change in foreign currency translation adjustment 2.0 (4.9) 26.9 (49.7)
Other comprehensive (loss), gross of tax (19.5) (5.0) (102.0) (31.2)
Tax thereon:        
Reclassification adjustment for net realized gains on investments included in net income (0.1) 0.2 (0.4) 0.4
Change in net unrealized gains/(losses) on available for sale securities held 1.4 (0.6) 8.4 (1.8)
Net change from current period hedged transactions 0.1 0.0 0.4 (0.5)
Change in foreign currency translation adjustment 2.3 2.3 (5.7) 12.9
Total tax on other comprehensive income 3.7 1.9 2.7 11.0
Other comprehensive (loss), net of tax (15.8) (3.1) (99.3) (20.2)
Total comprehensive (loss) attributable to Aspen Insurance Holdings Limited’s ordinary shareholders $ (30.8) $ (257.5) $ (98.5) $ (102.5)
Weighted average number of ordinary share and share equivalents        
Basic (in shares) 59,692,623 59,759,730 59,637,361 59,862,540
Diluted (in shares) 59,692,623 59,759,730 59,637,361 59,862,540
Basic (loss) per ordinary share adjusted for preference share dividends $ (0.38) $ (4.48) $ (0.37) $ (1.99)
Diluted (loss) per ordinary share adjusted for preference share dividends $ (0.38) $ (4.48) $ (0.37) $ (1.99)