AHL-PE FY 2012 Earnings Report — Aspen Insurance Holdings Limited Revenue & Financial Results | Market Cap Arena

Aspen Insurance Holdings LimitedAHL-PE

FY 2012 Earnings

Reported February 26, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$2.3B	—	$2.1B	—	9.9%
Op. Income	$294M	—	-$147M	—	299.3%
Gross Margin	100.0%	—	8.9%	—	91.1pp
Net Margin	12.2%	—	-5.3%	—	17.5pp
EPS (Diluted)	$3.38	—	$-1.82	—	285.7%
Free Cash Flow	$479M	—	$314M	—	52.7%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$0
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$345M
SG&A Expenses	$345M
Other Expenses	$2.0B
Operating Expenses	$2.3B
Cost & Expenses	$2.3B
OPERATING INCOME	$294M
Interest Income	$0
Interest Expense	$31M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$295M
Income Tax Expense	$15M
Net Income from Continuing Ops	$280M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$281M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$250M
D&A	$39M
EBIT	$326M
EBITDA	$365M
EPS	$4
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$0
GROSS PROFIT	$2.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$345M
SG&A Expenses	$345M
Other Expenses	$2.0B
Operating Expenses	$2.3B
Cost & Expenses	$2.3B
OPERATING INCOME	$294M
Interest Income	$0
Interest Expense	$31M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$295M
Income Tax Expense	$15M
Net Income from Continuing Ops	$280M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$281M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$250M
D&A	$39M
EBIT	$326M
EBITDA	$365M
EPS	$4
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$281M
Depreciation & Amortization	$39M
Stock-Based Compensation	$18M
Deferred Income Tax	-$36M
Other Non-Cash Items	$18M
Change in Working Capital	$184M
OPERATING CASH FLOW	$503M
Capital Expenditure	-$24M
Acquisitions (Net)	-$9M
Purchases of Investments	-$2.0B
Sales/Maturities of Investments	$1.7B
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$317M
Net Debt Issuance	$0
Common Stock Repurchased	-$63M
Common Dividends Paid	-$47M
Other Financing Activities	-$100.0K
NET CASH FROM FINANCING	$36M
FREE CASH FLOW	$479M
Net Change in Cash	$225M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.5B
Short-Term Investments	$434M
Net Receivables	$1.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$58M
Goodwill	$0
Intangible Assets	$19M
Long-Term Investments	$6.7B
Tax Assets	$0
Other Non-Current Assets	-$6.8B
TOTAL NON-CURRENT ASSETS	$6.7B
TOTAL ASSETS	$10.3B
Account Payables	$154M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$154M
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$499M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	-$511M
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$6.8B
Common Stock	$100.0K
Additional Paid-In Capital	$1.5B
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	$427M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.5B
Minority Interest	$200.0K
TOTAL EQUITY	$3.5B
TOTAL LIABILITIES & EQUITY	$10.3B
Total Debt	$499M
Net Debt	-$965M