AHL-PE Q4 2014 Earnings Report — Aspen Insurance Holdings Limited Revenue & Financial Results | Market Cap Arena

Aspen Insurance Holdings LimitedAHL-PE

Q4 2014 Earnings

Reported February 23, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2014	Q3 2014	Q4 2013	QoQ Change	YoY Change
Revenue	$655M	$632M	$626M	3.7%	4.7%
Op. Income	$72M	$38M	$88M	89.7%	-18.3%
Gross Margin	100.0%	100.0%	100.0%	0.0pp	0.0pp
Net Margin	10.1%	5.9%	14.4%	4.2pp	-4.3pp
EPS (Diluted)	$0.90	$0.42	$1.21	114.3%	-25.6%
Free Cash Flow	$114M	$178M	$126M	-36.2%	-9.8%

Revenue Flow

Item	Amount
REVENUE	$655M
Cost of Revenue	$0
GROSS PROFIT	$655M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$122M
SG&A Expenses	$122M
Other Expenses	$533M
Operating Expenses	$655M
Cost & Expenses	$655M
OPERATING INCOME	$72M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$68M
Income Tax Expense	$800.0K
Net Income from Continuing Ops	$67M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$6M
EBIT	$75M
EBITDA	$73M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$655M
Cost of Revenue	$0
GROSS PROFIT	$655M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$122M
SG&A Expenses	$122M
Other Expenses	$533M
Operating Expenses	$655M
Cost & Expenses	$655M
OPERATING INCOME	$72M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$68M
Income Tax Expense	$800.0K
Net Income from Continuing Ops	$67M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$6M
EBIT	$75M
EBITDA	$73M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$6M
Stock-Based Compensation	$7M
Deferred Income Tax	$0
Other Non-Cash Items	-$14M
Change in Working Capital	$65M
OPERATING CASH FLOW	$130M
Capital Expenditure	-$17M
Acquisitions (Net)	$0
Purchases of Investments	-$740M
Sales/Maturities of Investments	$553M
Other Investing Activities	-$10M
NET CASH FROM INVESTING	-$213M
Net Debt Issuance	$0
Common Stock Repurchased	-$60M
Common Dividends Paid	-$12M
Other Financing Activities	$70M
NET CASH FROM FINANCING	-$11M
FREE CASH FLOW	$114M
Net Change in Cash	-$111M

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