Aspen Insurance Holdings Limited (AHL)

Aspen Insurance Holdings Cash Flow Statement

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

Operating Activities

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%	-	-	-	-

Investing Activities

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
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

Financing Activities

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
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

Net Cash Flow

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
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

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
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
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

Additional Metrics

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
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
Change in Working Capital	-164	84.1	-22.6	-248	449.4	-595.2

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jan 1, 2000

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