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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Revenues    
Net earned premiums $ 1,287.4 $ 1,327.2
Net investment income (1) 129.4 88.7
Realized and unrealized investment gains [1] 36.1 2.5
Total revenues 1,452.9 1,418.4
Expenses    
Losses and loss adjustment expenses 717.1 767.7
Acquisition costs 192.9 216.5
General, administrative and other expenses (2)(3) [2],[3] 232.7 233.4
Interest expense 42.9 9.1
Change in fair value of derivatives (gains)/losses (19.6) 84.9
Realized and unrealized investment losses (4) [4] 18.1 128.9
Net realized and unrealized foreign exchange losses/(gains) (13.7) 75.2
Total expenses 1,197.8 1,365.3
Income (loss) from operations before income taxes 255.1 53.1
Income tax (expense) (36.2) (4.7)
Net income/(loss) 218.9 48.4
Net income attributable to Aspen Insurance Holdings Limited’s ordinary shareholders 196.7 26.2
Available for sale investments:    
Reclassification adjustment for net realized gains on investments included in net income 6.8 27.8
Change in net unrealized gains/(losses) on available for sale securities held 5.5 (343.8)
Net change from current period hedged transactions (4.3) (6.4)
Change in foreign currency translation adjustment 7.6 (19.7)
Other comprehensive income/(loss), before income taxes 15.6 (342.1)
Income tax (expense)/benefit thereon:    
Change in net unrealized gains on available for sale securities held (1.6) 29.5
Change in foreign currency translation adjustment 0.0 0.6
Total income tax (expense)/benefit allocated to other comprehensive income/(loss) (1.6) 30.1
Other comprehensive (loss)/income, net of tax 14.0 (312.0)
Total comprehensive (loss)/income attributable to Aspen Insurance Holdings Limited's ordinary shareholders 210.7 (285.8)
Preference shares    
Expenses    
Dividends on preference shares 22.2 22.2
Real estate fund | Investment Income    
Related party fees (1.3) 0.0
Asset Management Arrangement | Investment Income    
Related party fees (5.2) (0.6)
Management Consulting Agreement | General, administrative and corporate expenses    
Related party fees (2.5) (2.5)
Related party investment income | Investment Income    
Related party fees (1.7) (0.2)
Apollo, Class A & B Notes | Gain (Loss) on Investments    
Related party fees $ (2.0) $ (0.8)
[1] Net investment income includes related party investment losses of $1.7 million (June 30, 2022 — $$0.2 million) and related party investment management fees of $5.2 million (June 30, 2022 — $0.6 million).
[2] General, administrative and other expenses comprises general and administrative expenses, corporate and other expenses, and non-operating expenses. Corporate and other expenses includes other income/expenses, which were previously presented separately.
[3] General, administrative and other expenses includes related party management consulting fees of $2.5 million (June 30, 2022 — $2.5 million).
[4] Realized and unrealized investments losses includes $2.0 million loss on related party investments (June 30, 2022 — $0.8 million loss)