AHL-PE FY 2014 Earnings Report — Aspen Insurance Holdings Limited Revenue & Financial Results | Market Cap Arena

Aspen Insurance Holdings LimitedAHL-PE

FY 2014 Earnings

Reported February 23, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.4B	—	9.7%
Op. Income	$380M	—	$318M	—	19.5%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	13.5%	—	13.8%	—	-0.3pp
EPS (Diluted)	$4.82	—	$4.14	—	16.4%
Free Cash Flow	$580M	—	$549M	—	5.7%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$0
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$446M
SG&A Expenses	$446M
Other Expenses	$2.2B
Operating Expenses	$2.6B
Cost & Expenses	$2.6B
OPERATING INCOME	$380M
Interest Income	$0
Interest Expense	$30M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$368M
Income Tax Expense	$12M
Net Income from Continuing Ops	$356M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$355M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$317M
D&A	$30M
EBIT	$397M
EBITDA	$427M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$0
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$446M
SG&A Expenses	$446M
Other Expenses	$2.2B
Operating Expenses	$2.6B
Cost & Expenses	$2.6B
OPERATING INCOME	$380M
Interest Income	$0
Interest Expense	$30M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$368M
Income Tax Expense	$12M
Net Income from Continuing Ops	$356M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$355M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$317M
D&A	$30M
EBIT	$397M
EBITDA	$427M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$355M
Depreciation & Amortization	$30M
Stock-Based Compensation	$15M
Deferred Income Tax	-$32M
Other Non-Cash Items	$20M
Change in Working Capital	$220M
OPERATING CASH FLOW	$607M
Capital Expenditure	-$26M
Acquisitions (Net)	$0
Purchases of Investments	-$3.2B
Sales/Maturities of Investments	$2.7B
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$515M
Net Debt Issuance	$70M
Common Stock Repurchased	-$181M
Common Dividends Paid	-$50M
Other Financing Activities	-$100.0K
NET CASH FROM FINANCING	-$196M
FREE CASH FLOW	$580M
Net Change in Cash	-$115M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$259M
Net Receivables	$1.5B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$62M
Goodwill	$0
Intangible Assets	$18M
Long-Term Investments	$7.4B
Tax Assets	$0
Other Non-Current Assets	$47M
TOTAL NON-CURRENT ASSETS	$7.6B
TOTAL ASSETS	$10.7B
Account Payables	$92M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$110M
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$620M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	-$623M
TOTAL NON-CURRENT LIABILITIES	$623M
TOTAL LIABILITIES	$7.3B
Common Stock	$100.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$2.1B
Treasury Stock	$0
Accum. Other Comp. Income	$234M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	$500.0K
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$10.7B
Total Debt	$620M
Net Debt	-$559M