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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Net earned premium $ 2,532.6 $ 2,293.3 $ 2,214.7
Net investment income 154.6 197.3 198.2
Realized and unrealized investment gains 98.5 97.1 110.0
Other income (1) 49.8 [1] 4.9 9.0
Total revenues 2,835.5 2,592.6 2,531.9
Expenses      
Losses and loss adjustment expenses 1,840.8 1,679.7 1,573.0
Amortization of deferred policy acquisition costs 465.7 412.7 371.6
General, administrative and corporate expenses 410.9 521.6 491.7
Interest on long-term debt 33.9 20.2 25.9
Change in fair value of derivatives 65.1 144.2 31.8
Change in fair value of loan notes issued by variable interest entities 0.0 3.1 4.4
Realized and unrealized investment losses 27.4 10.9 174.7
Realized loss on debt extinguishment 0.0 5.5 8.6
Net realized and unrealized foreign exchange losses 12.4 11.8 3.5
Other expenses 10.8 1.7 2.7
Total expenses 2,867.0 2,811.4 2,687.9
(Loss) from operations before income taxes (31.5) (218.8) (156.0)
Income tax (expense)/benefit (8.6) (22.9) 10.2
Net (loss) (40.1) (241.7) (145.8)
Amount attributable to non-controlling interest 0.0 1.2 (1.0)
Net (loss) attributable to Aspen Insurance Holdings Limited’s ordinary shareholders (40.1) (240.5) (146.8)
Available for sale investments:      
Reclassification adjustment for net realized (losses)/gains on investments included in net income (67.1) (6.8) 5.2
Change in net unrealized gains/(losses) on available for sale securities held 175.6 171.7 (86.5)
Net change from current period hedged transactions 0.3 4.8 (2.1)
Change in foreign currency translation adjustment (9.6) (28.0) 21.5
Other comprehensive income/(loss), gross of tax 99.2 141.7 (61.9)
Income tax (expense)/benefit thereon:      
Reclassification adjustment for net realized losses on investments included in net income 0.0 0.0 (0.7)
Change in net unrealized gains on available for sale securities held (6.2) (13.6) 5.5
Net change from current period hedged transactions 0.0 (0.8) 0.3
Change in foreign currency translation adjustment 0.0 3.2 (9.2)
Total income tax expense allocated to other comprehensive (loss) (6.2) (11.2) (4.1)
Other comprehensive income/(loss), net of tax 93.0 130.5 (66.0)
Total comprehensive income/(loss) attributable to Aspen Insurance Holdings Limited’s ordinary shareholders 52.9 (110.0) (212.8)
Equity method investment, realized gain (loss) on disposal 10.4    
Insurance      
Revenues      
Net earned premium 1,240.5 $ 1,038.1 $ 958.3
Surety Product Line | Insurance      
Gross realized gain on sale of equity method investment $ 43.1    
[1]     2020 includes the gain on sale of our renewal rights on our surety insurance book of business to a third party, totaling $43.1 million.