AHL-PE Q3 2013 Earnings Report — Aspen Insurance Holdings Limited Revenue & Financial Results | Market Cap Arena

Aspen Insurance Holdings LimitedAHL-PE

Q3 2013 Earnings

Reported November 5, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2013	Q2 2013	Q3 2012	QoQ Change	YoY Change
Revenue	$616M	$576M	—	6.9%	—
Op. Income	$66M	$40M	—	63.2%	—
Gross Margin	100.0%	100.0%	—	0.0pp	—
Net Margin	17.5%	7.0%	—	10.5pp	—
EPS (Diluted)	$1.43	$0.36	—	297.2%	—
Free Cash Flow	$181M	$138M	$179M	31.1%	1.5%

Revenue Flow

Item	Amount
REVENUE	$616M
Cost of Revenue	$0
GROSS PROFIT	$616M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$99M
SG&A Expenses	$99M
Other Expenses	$519M
Operating Expenses	$618M
Cost & Expenses	$618M
OPERATING INCOME	$66M
Interest Income	$0
Interest Expense	$8M
Other Income/Expenses	$45M
INCOME BEFORE TAX	$110M
Income Tax Expense	$3M
Net Income from Continuing Ops	$107M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$98M
D&A	$9M
EBIT	$118M
EBITDA	$118M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$616M
Cost of Revenue	$0
GROSS PROFIT	$616M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$99M
SG&A Expenses	$99M
Other Expenses	$519M
Operating Expenses	$618M
Cost & Expenses	$618M
OPERATING INCOME	$66M
Interest Income	$0
Interest Expense	$8M
Other Income/Expenses	$45M
INCOME BEFORE TAX	$110M
Income Tax Expense	$3M
Net Income from Continuing Ops	$107M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$98M
D&A	$9M
EBIT	$118M
EBITDA	$118M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$108M
Depreciation & Amortization	$9M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	-$23M
Change in Working Capital	$89M
OPERATING CASH FLOW	$185M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$889M
Sales/Maturities of Investments	$777M
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$109M
Net Debt Issuance	$0
Common Stock Repurchased	-$55M
Common Dividends Paid	-$12M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$73M
FREE CASH FLOW	$181M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$149M
Net Receivables	$1.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$61M
Goodwill	$0
Intangible Assets	$19M
Long-Term Investments	$6.9B
Tax Assets	$0
Other Non-Current Assets	$48M
TOTAL NON-CURRENT ASSETS	$7.0B
TOTAL ASSETS	$10.3B
Account Payables	$178M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$178M
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$499M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$18M
Other Non-Current Liabilities	-$517M
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$7.0B
Common Stock	$100.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	$259M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.3B
Minority Interest	-$100.0K
TOTAL EQUITY	$3.3B
TOTAL LIABILITIES & EQUITY	$10.3B
Total Debt	$499M
Net Debt	-$699M