AHL-PE Q2 2015 Earnings Report — Aspen Insurance Holdings Limited Revenue & Financial Results | Market Cap Arena

Aspen Insurance Holdings LimitedAHL-PE

Q2 2015 Earnings

Reported July 30, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2015	Q1 2015	Q2 2014	QoQ Change	YoY Change
Revenue	$631M	$670M	$697M	-5.7%	-9.5%
Op. Income	$76M	$104M	$134M	-27.1%	-43.1%
Gross Margin	100.0%	100.0%	100.0%	0.0pp	0.0pp
Net Margin	7.7%	19.1%	18.8%	-11.4pp	-11.1pp
EPS (Diluted)	$0.62	$1.87	$1.82	-66.8%	-65.9%
Free Cash Flow	$132M	$61M	$85M	117.8%	54.9%

Revenue Flow

Item	Amount
REVENUE	$631M
Cost of Revenue	$0
GROSS PROFIT	$631M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$95M
SG&A Expenses	$95M
Other Expenses	$535M
Operating Expenses	$630M
Cost & Expenses	$630M
OPERATING INCOME	$76M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$51M
Income Tax Expense	$2M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$4M
EBIT	$59M
EBITDA	$56M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$631M
Cost of Revenue	$0
GROSS PROFIT	$631M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$95M
SG&A Expenses	$95M
Other Expenses	$535M
Operating Expenses	$630M
Cost & Expenses	$630M
OPERATING INCOME	$76M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$51M
Income Tax Expense	$2M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$4M
EBIT	$59M
EBITDA	$56M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$49M
Depreciation & Amortization	$4M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$14M
Change in Working Capital	$63M
OPERATING CASH FLOW	$132M
Capital Expenditure	-$400.0K
Acquisitions (Net)	$0
Purchases of Investments	-$784M
Sales/Maturities of Investments	$645M
Other Investing Activities	-$10M
NET CASH FROM INVESTING	-$150M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$47M
Common Dividends Paid	-$13M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$71M
FREE CASH FLOW	$132M
Net Change in Cash	-$78M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$185M
Net Receivables	$1.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.3B
PP&E (Net)	$66M
Goodwill	$0
Intangible Assets	$18M
Long-Term Investments	$7.4B
Tax Assets	$0
Other Non-Current Assets	$45M
TOTAL NON-CURRENT ASSETS	$7.5B
TOTAL ASSETS	$11.0B
Account Payables	$165M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$190M
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$625M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	-$632M
TOTAL NON-CURRENT LIABILITIES	$632M
TOTAL LIABILITIES	$7.6B
Common Stock	$100.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$2.2B
Treasury Stock	$0
Accum. Other Comp. Income	$119M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	$1M
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$11.0B
Total Debt	$625M
Net Debt	-$523M