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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Net earned premiums $ 2,688.7 $ 2,410.5 $ 2,527.5
Net investment income (1) 188.1 [1] 147.5 154.6
Realized and unrealized investment gains 5.0 [2] 56.2 98.5
Other income 8.2 14.7 49.8
Total revenues 2,890.0 2,628.9 2,830.4
Expenses      
Losses and loss adjustment expenses 1,680.0 1,693.3 1,840.8
Acquisition costs 431.8 414.1 465.7
General, administrative and corporate expenses (2) 494.2 [3] 418.0 410.9
Interest expense 43.7 14.3 33.9
Change in fair value of derivatives 80.5 35.9 65.1
Realized and unrealized investment losses (3) 182.6 [4] 47.4 27.4
Net realized and unrealized foreign exchange (gains)/losses 15.9 40.0 (13.8)
Other expenses 20.1 10.8 10.8
Total expenses 2,917.0 2,593.8 2,868.4
Income (loss) from operations before income taxes (27.0) 35.1 (38.0)
Income tax benefit/(expense) 78.1 (5.3) (18.4)
Net income/(loss) 51.1 29.8 (56.4)
Net income/(loss) attributable to Aspen Insurance Holdings Limited’s ordinary shareholders 51.1 29.8 (56.4)
Available for sale investments:      
Reclassification adjustment for net realized gains/(losses) on investments included in net income/(loss) 55.5 (20.4) (67.1)
Change in net unrealized (losses)/gains on available for sale securities held (447.2) (137.2) 175.6
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, before income taxes (407.2) (142.4) 96.9
Income tax benefit/(expense) thereon:      
Change in net unrealized gains on available for sale securities held 23.9 (0.3) (0.5)
Total income tax benefit/(expense) allocated to other comprehensive (loss) 23.9 (0.3) (0.5)
Other comprehensive (loss)/income, net of tax (383.3) (142.7) 96.4
Total comprehensive (loss)/income attributable to Aspen Insurance Holdings Limited's ordinary shareholders (332.2) (112.9) 40.0
Net realized and unrealized foreign exchange gains 15.9 40.0 (13.8)
Change in foreign currency translation adjustment (30.9) 21.4 (11.9)
Real estate fund | Investment Income      
Related party fees (1.6)    
Asset Management Arrangement      
Related party fees   (5.8) (5.3)
Asset Management Arrangement | Investment Income      
Related party fees (4.9)    
Management Consulting Agreement      
Related party fees   $ (5.0) $ (5.0)
Management Consulting Agreement | General, administrative and corporate expenses      
Related party fees (5.0)    
Related party investment income | Investment Income      
Related party fees (3.1)    
Apollo, Class A & B Notes | Gain (Loss) on Investments      
Related party fees $ (0.4)    
[1] Net investment income includes related party investment income of $3.1 million and related party investment management fees of $4.9 million (2021 — $5.8 million, 2020 — $5.3 million).
[2]
[3] General, administrative and corporate expenses includes related party management consulting fees of $5.0 million (2021 — $5.0 million; 2020 — $5.0 million).
[4] Realized and unrealized investments losses includes $0.4 million loss on related party investments