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Schedule II - Condensed Financial Information of Registrant | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Schedule II - Condensed Financial Information of Registrant | SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT BALANCE SHEETS As at December 31, 2022 and 2021
|  | As at December 31, 2022 |  | As at December 31, 2021
|  | ($ in millions, except per share amounts)
ASSETS |  |  |  |
Fixed income maturities (trading) |  | 40.5 |  |  | 42.6 |
Cash and cash equivalents |  | 44.4 |  |  | 45.0 |
Investments in subsidiaries (1) |  | 2,767.9 |  |  | 3,142.0 |
Intercompany funds due from affiliates |  | 1.7 |  |  | 1.3 |
Right-of-use operating lease assets |  | 2.0 |  |  | 2.5 |
Other assets |  | 5.9 |  |  | 8.0 |
Total assets |  | $ | 2,862.4 |  |  | $ | 3,241.4 |
LIABILITIES |  |  |  |
Accrued expenses and other payables |  | 22.3 |  |  | 25.5 |
Intercompany funds due to affiliates |  | 180.5 |  |  | 139.0 |
Short-term debt |  | 299.9 |  |  | — |
Long-term debt |  | — |  |  | 299.9 |
Operating lease liabilities |  | 1.7 |  |  | 2.2 |
Total liabilities |  | $ | 504.4 |  |  | $ | 466.6 |
SHAREHOLDERS’ EQUITY |  |  |  |
Ordinary Shares: |  |  |  |
60,395,839 shares of par value $0.01 each (December 31, 2021 — 60,395,839) |  | $ | 0.6 |  |  | $ | 0.6 |
Additional paid in capital |  | 1,514.7 |  |  | 1,514.7 |
Retained earnings |  | 1,349.0 |  |  | 1,382.5 |
Accumulated other comprehensive income, net of taxes: |  |  |  |
Unrealized (loss)/gains on investments |  | (333.2) |  |  | 34.6 |
Gain/(loss) on derivatives |  | 13.8 |  |  | (1.6) |
Cumulative (losses) on foreign currency translation adjustments |  | (186.9) |  |  | (156.0) |
Total accumulated other comprehensive (loss) |  | (506.3) |  |  | (123.0) |
Total shareholders’ equity |  | 2,358.0 |  |  | 2,774.8 |
Total liabilities and shareholders’ equity |  | $ | 2,862.4 |  |  | $ | 3,241.4 |
____________________ (1) The Company’s investment in subsidiaries is accounted for under the equity method and adjustments to the carrying value of these investments are made based on the Company’s share of capital, including share of income and expenses. Changes in the value were recognized in realized and unrealized investment gains and losses in the statement of operations. ASPEN INSURANCE HOLDINGS LIMITED SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT - Continued STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME For the Twelve Months Ended December 31, 2022, 2021 and 2020
|  | Twelve Months Ended December 31, 2022 |  | Twelve Months Ended December 31, 2021 |  | Twelve Months Ended December 31, 2020
|  | ($ in millions)
Operating Activities: |  |  |  |  |  |
Equity in net earnings/(losses) of subsidiaries and other investments, equity method |  | $ | 14.2 |  |  | $ | (90.5) |  |  | $ | (108.4) |
Dividend income |  | 121.7 |  |  | 193.0 |  |  | 141.5 |
Net realized and unrealized investment (losses)/gains |  | (4.0) |  |  | (0.5) |  |  | 2.5 |
Other income |  | 1.0 |  |  | — |  |  | — |
Total revenues |  | 132.9 |  |  | 102.0 |  |  | 35.6 |
Expenses: |  |  |  |  |  |
General, administrative and corporate expenses |  | (62.7) |  |  | (54.6) |  |  | (74.6) |
Interest expense |  | (14.3) |  |  | (14.3) |  |  | (14.3) |
Other expense |  | (4.8) |  |  | (3.3) |  |  | (3.1) |
Income/(loss) from operations before income taxes |  | 51.1 |  |  | 29.8 |  |  | (56.4) |
Income tax expense |  | — |  |  | — |  |  | — |
Net income /(loss) |  | 51.1 |  |  | 29.8 |  |  | (56.4) |
Amount attributable to non-controlling interest |  | — |  |  | — |  |  | — |
Net income/(loss) attributable to Aspen Insurance Holdings Limited ordinary shareholders |  | 51.1 |  |  | 29.8 |  |  | (56.4) |
Other comprehensive (loss)/income, net of taxes: |  |  |  |  |  |
Change in unrealized (losses)/gains on investments |  | (367.8) |  |  | (158.6) |  |  | 108.0 |
Net change from current period hedged transactions |  | 15.4 |  |  | (6.2) |  |  | 0.3 |
Change in foreign currency translation adjustment |  | (30.9) |  |  | 21.4 |  |  | (11.9) |
Other comprehensive (loss)/income, net of tax |  | (383.3) |  |  | (143.4) |  |  | 96.4 |
Comprehensive (Loss) / Income |  | $ | (332.2) |  |  | $ | (113.6) |  |  | $ | 40.0 |
ASPEN INSURANCE HOLDINGS LIMITED SCHEDULE II - CONDENSED FINANCIAL INFORMATION OF REGISTRANT - Continued STATEMENTS OF CASH FLOWS For the Twelve Months Ended December 31, 2022, 2021 and 2020
|  | Twelve Months Ended December 31, 2022 |  | Twelve Months Ended December 31, 2021 |  | Twelve Months Ended December 31, 2020
|  | ($ in millions)
Cash Flows From Operating Activities: |  |  |  |  |  |
Net income (excluding equity in net earnings of subsidiaries) |  | $ | 36.9 |  |  | $ | 120.3 |  |  | $ | 52.0 |
Adjustments: |  |  |  |  |  |
Realized and unrealized losses/(gains) |  | 19.7 |  |  | (6.7) |  |  | 1.5 |
(Gain)/loss on derivative contracts |  | (15.4) |  |  | 6.2 |  |  | (0.3) |
Amortization of right-of-use operating lease assets |  | 0.5 |  |  | 0.5 |  |  | 0.4 |
Interest on operating lease liabilities |  | 0.1 |  |  | 0.1 |  |  | (0.4) |
Change in other assets |  | 2.1 |  |  | (1.6) |  |  | 0.5 |
Change in accrued expenses and other payables |  | (3.2) |  |  | 1.4 |  |  | 15.9 |
Change in intercompany activities |  | 41.1 |  |  | 35.0 |  |  | 41.6 |
Change in right-of use assets |  | — |  |  | (2.0) |  |  | — |
Change in operating lease liabilities |  | (0.6) |  |  | 1.5 |  |  | — |
Net cash generated by operating activities |  | 81.2 |  |  | 154.7 |  |  | 111.2 |
Cash Flows From/(Used in) Investing Activities: |  |  |  |  |  |
(Purchases)/proceeds of fixed income securities |  | (10.0) |  |  | (42.6) |  |  | 75.6 |
Proceeds from sales and maturities of fixed maturities, trading |  | 7.8 |  |  | — |  |  | — |
Investment in subsidiaries |  | 5.0 |  |  | (115.0) |  |  | (87.3) |
Net cash from/(used in) investing activities |  | 2.8 |  |  | (157.6) |  |  | (11.7) |
Cash Flows (Used in) Financing Activities: |  |  |  |  |  |
Net cash (used in) financing activities |  | (84.6) |  |  | (44.5) |  |  | (44.5) |
(Decrease)/increase in cash and cash equivalents |  | (0.6) |  |  | (47.4) |  |  | 55.0 |
Cash and cash equivalents — beginning of period |  | 45.0 |  |  | 92.4 |  |  | 37.4 |
Cash and cash equivalents — end of period |  | $ | 44.4 |  |  | $ | 45.0 |  |  | $ | 92.4 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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