Aspen Insurance Holdings Limited (AHL)

Aspen Insurance Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	453.9	486.1	534.7	51.1	29.8	-56.4
Depreciation & Amortization	17.6	8.9	21.7	53.4	65.3	57.6
Gain (Loss) on Sale of Investments	51.7	55.6	3.4	163.1	-29.3	-71.1
Stock-Based Compensation	37.3	-	-	-	-	-
Change in Accounts Receivable	-26.4	-181.7	47.1	-177.8	-142.9	79.9
Reinsurance Recoverable	64.8	237.6	323.7	-1,741	-252.6	-874.5
Change in Unearned Revenue	46.2	219.5	-31.2	345.2	310.2	68
Change in Income Taxes	22.3	-3	3.5	-1.3	-7.6	7.6
Change in Insurance Reserves / Liabilities	462.7	312	99.7	99.1	483.3	146.9
Change in Other Net Operating Assets	0.9	41.1	75.3	-148.6	44.6	-139.5
Other Operating Activities	-84.8	-79.8	-212.5	-67.9	9.1	-20.5
Operating Cash Flow	311.7	554.9	324.7	-55	524.7	-672.7
Operating Cash Flow Growth	-21.76%	70.90%	-	-	-	-
Capital Expenditures	-25.8	-17.5	-8.9	-	-64.5	-40.7
Sale of Property, Plant & Equipment	-	-	-	3	-	-
Investment in Securities	-341.9	-352.1	-183.2	-167.7	-912.4	1,190
Other Investing Activities	-31.8	16.8	19.9	-31.8	26.6	1.5
Investing Cash Flow	-399.5	-352.8	-172.2	-196.5	-950.3	1,151
Long-Term Debt Issued	-	-	300	-	-	-
Total Debt Repaid	-300	-	-300	-	-	-
Net Debt Issued (Repaid)	-3.4	-	-	-	-	-
Issuance of Common Stock	-	-	-	-	45	268
Issuance of Preferred Stock	217	217	-	-	-	-
Repurchases of Preferred Stock	-275	-275	-	-	-	-
Common Dividends Paid	-20	-195	-40.3	-40	-	-
Preferred Dividends Paid	-48.3	-54.9	-49.9	-44.6	-44.5	-44.5
Total Dividends Paid	-68.3	-249.9	-90.2	-84.6	-44.5	-44.5
Other Financing Activities	97.7	-	-	-	-	-
Financing Cash Flow	-32	-307.9	-90.2	-84.6	0.5	223.5
Foreign Exchange Rate Adjustments	1.7	-8.1	6.6	-18.8	-8.1	14.8
Net Cash Flow	-118.1	-113.9	68.9	-354.9	-433.2	716.8
Free Cash Flow	285.9	537.4	315.8	-55	460.2	-713.4
Free Cash Flow Growth	-26.18%	70.17%	-	-	-	-
Free Cash Flow Margin	8.96%	17.02%	10.87%	-2.03%	17.83%	-25.45%
Free Cash Flow Per Share	4.71	8.90	5.23	-0.91	7.62	-11.71
Cash Interest Paid	20.5	20.5	15.6	14.3	14	14
Cash Income Tax Paid	69	69	60.9	29.1	15.7	15
Levered Free Cash Flow	511.83	-5,749	201.74	-505.6	318.08	13.06
Unlevered Free Cash Flow	535.7	-5,710	236.24	-478.29	327.01	34.25
Change in Working Capital	-164	84.1	-22.6	-248	449.4	-595.2

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q