AHL-PE FY 2016 Earnings Report — Aspen Insurance Holdings Limited Revenue & Financial Results | Market Cap Arena

Aspen Insurance Holdings LimitedAHL-PE

FY 2016 Earnings

Reported February 22, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$2.9B	—	$2.7B	—	7.2%
Op. Income	$187M	—	$335M	—	-44.2%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	7.1%	—	12.1%	—	-5.0pp
EPS (Diluted)	$2.61	—	$4.54	—	-42.5%
Free Cash Flow	$430M	—	$560M	—	-23.3%

Revenue Flow

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$0
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$490M
SG&A Expenses	$490M
Other Expenses	$2.4B
Operating Expenses	$2.9B
Cost & Expenses	$2.9B
OPERATING INCOME	$187M
Interest Income	$0
Interest Expense	$30M
Other Income/Expenses	$22M
INCOME BEFORE TAX	$210M
Income Tax Expense	$6M
Net Income from Continuing Ops	$203M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$203M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$162M
D&A	$52M
EBIT	$239M
EBITDA	$291M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$0
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$490M
SG&A Expenses	$490M
Other Expenses	$2.4B
Operating Expenses	$2.9B
Cost & Expenses	$2.9B
OPERATING INCOME	$187M
Interest Income	$0
Interest Expense	$30M
Other Income/Expenses	$22M
INCOME BEFORE TAX	$210M
Income Tax Expense	$6M
Net Income from Continuing Ops	$203M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$203M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$162M
D&A	$52M
EBIT	$239M
EBITDA	$291M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$203M
Depreciation & Amortization	$52M
Stock-Based Compensation	$16M
Deferred Income Tax	$9M
Other Non-Cash Items	-$35M
Change in Working Capital	$209M
OPERATING CASH FLOW	$453M
Capital Expenditure	-$24M
Acquisitions (Net)	-$60M
Purchases of Investments	-$3.9B
Sales/Maturities of Investments	$3.5B
Other Investing Activities	$72M
NET CASH FROM INVESTING	-$351M
Net Debt Issuance	$16M
Common Stock Repurchased	-$75M
Common Dividends Paid	-$53M
Other Financing Activities	$0
NET CASH FROM FINANCING	$90M
FREE CASH FLOW	$430M
Net Change in Cash	$174M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$331M
Net Receivables	$2.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$84M
Goodwill	$24M
Intangible Assets	$55M
Long-Term Investments	$7.9B
Tax Assets	$0
Other Non-Current Assets	$73M
TOTAL NON-CURRENT ASSETS	$8.1B
TOTAL ASSETS	$12.1B
Account Payables	$345M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$345M
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$664M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	-$670M
TOTAL NON-CURRENT LIABILITIES	$670M
TOTAL LIABILITIES	$8.4B
Common Stock	$100.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$2.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	-$100.0K
TOTAL STOCKHOLDERS' EQUITY	$3.6B
Minority Interest	$1M
TOTAL EQUITY	$3.6B
TOTAL LIABILITIES & EQUITY	$12.1B
Total Debt	$664M
Net Debt	-$610M