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CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues      
Net earned premiums $ 2,889.7 $ 2,614.5 $ 2,688.7
Net investment income (1) 318.0 [1] 275.7 188.1
Gain (loss) on investments 52.6 75.9 5.0
Other income 0.0 0.0 8.2
Total revenues 3,260.3 2,966.1 2,890.0
Expenses      
Losses and loss adjustment expenses 1,717.8 1,553.0 1,680.0
Acquisition costs 420.2 380.2 431.8
General, administrative and corporate expenses (3) [2] 533.1 503.6 494.2
Interest expense 62.1 55.2 43.7
Change in fair value of derivatives 21.1 (26.1) 80.5
Realized and unrealized investment losses [3] 102.1 61.4 182.6
Net realized and unrealized foreign exchange (gains)/losses 60.2 (36.2) 15.9
Other expenses 0.0 0.0 20.1
Total expenses 2,796.2 2,563.5 2,917.0
Income (loss) from operations before income taxes 464.1 402.6 (27.0)
Income tax benefit 22.0 132.1 78.1
Net Income (Loss) Attributable to Parent, Total 486.1 534.7 51.1
Debt Securities, Available-for-Sale [Abstract]      
Reclassification adjustment for net realized losses on investments included in net income 59.4 40.2 55.5
Change in net unrealized (losses)/gains on available for sale securities held (25.3) 86.0 (447.2)
Net change from current period hedged transactions (6.5) (14.0) 15.4
Change in foreign currency translation adjustment (14.1) 14.4 (30.9)
Other comprehensive (loss)/income, before income taxes 13.5 126.6 (407.2)
Income tax (expense)/benefit thereon:      
Reclassification adjustment for net realized losses on investments included in net income (11.5) (6.6) 0.0
Change in net unrealized losses/(gains) on available for sale securities held 6.8 (14.0) 23.9
Total income tax (expense)/benefit allocated to other comprehensive income/(loss) (3.3) (20.6) 23.9
Other comprehensive income/(loss), net of tax 10.2 106.0 (383.3)
Net change from current period hedged transactions 1.4 0.0 0.0
Total comprehensive (loss)/income attributable to Aspen Insurance Holdings Limited's ordinary shareholders 496.3 640.7 (332.2)
Net income      
Net income 486.1 534.7 51.1
Dividends on preference shares 54.9 49.9 44.6
Net income (loss) available to ordinary shareholders, basic $ 431.2 $ 484.8 $ 6.5
[1] Net investment income includes related party net investment income of $15.2 million (2023 — $19.6 million, 2022 — $3.1 million) and related party investment management fees of $9.2 million (2023 — $9.4 million, 2022 — $4.9 million).
[2] General, administrative and corporate expenses includes related party management consulting fees of $5.0 million (2023 — $5.0 million; 2022 — $5.0 million).
[3] Realized and unrealized investments gains includes gains of $2.5 million on related party investments (2023 — gains of $8.7 million, 2022 — loss of $0.4 million).