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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues      
Net earned premium $ 2,293.3 $ 2,214.7 $ 2,306.6
Net investment income 197.3 198.2 189.0
Realized and unrealized investment gains 97.1 110.0 148.9
Other income 4.9 9.0 8.9
Total revenues 2,592.6 2,531.9 2,653.4
Expenses      
Losses and loss adjustment expenses 1,679.7 1,573.0 1,994.7
Amortization of deferred policy acquisition costs 412.7 371.6 400.5
General, administrative and corporate expenses 521.6 491.7 502.2
Interest on long-term debt 20.2 25.9 29.5
Change in fair value of derivatives 144.2 31.8 (27.7)
Change in fair value of loan notes issued by variable interest entities 3.1 4.4 (21.2)
Realized and unrealized investment losses 10.9 174.7 28.4
Realized loss on debt extinguishment 5.5 8.6 0.0
Net realized and unrealized foreign exchange losses 11.8 3.5 23.9
Other expenses 1.7 2.7 4.9
Total expenses 2,811.4 2,687.9 2,935.2
(Loss) from operations before income tax (218.8) (156.0) (281.8)
Income tax (expense)/benefit (22.9) 10.2 15.4
Net (loss) (241.7) (145.8) (266.4)
Amount attributable to non-controlling interest 1.2 (1.0) (1.3)
Net (loss) attributable to Aspen Insurance Holdings Limited’s ordinary shareholders (240.5) (146.8) (267.7)
Available for sale investments:      
Reclassification adjustment for net realized (losses)/gains on investments included in net income (6.8) 5.2 (4.0)
Change in net unrealized gains/(losses) on available for sale securities held 171.7 (86.5) (10.8)
Net change from current period hedged transactions 4.8 (2.1) 3.0
Change in foreign currency translation adjustment (28.0) 21.5 (56.4)
Other comprehensive income/(loss), gross of tax 141.7 (61.9) (68.2)
Income tax thereon:      
Reclassification adjustment for net realized losses on investments included in net income 0.0 (0.7) 0.4
Change in net unrealized gains on available for sale securities held (13.6) 5.5 1.6
Net change from current period hedged transactions (0.8) 0.3 (0.4)
Change in foreign currency translation adjustment 3.2 (9.2) 15.8
Total income tax on other comprehensive income/(loss) (11.2) (4.1) 17.4
Other comprehensive (loss)/income, net of tax 130.5 (66.0) (50.8)
Total comprehensive (loss) attributable to Aspen Insurance Holdings Limited’s ordinary shareholders $ (110.0) $ (212.8) $ (318.5)