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Last $46.78 USD
Change Today -0.22 / -0.47%
Volume 383.2K
AHL On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

aspen insurance holdings ltd (AHL) Key Developments

Aspen Insurance Holdings Ltd. Presents at Bank of America/Merrill Lynch 2015 Insurance Conference, Feb-12-2015 03:30 PM

Aspen Insurance Holdings Ltd. Presents at Bank of America/Merrill Lynch 2015 Insurance Conference, Feb-12-2015 03:30 PM. Venue: The New York Palace, New York, New York, United States. Speakers: Christopher O. O'Kane, Chief Executive Officer and Executive Director.

Aspen Insurance Holdings Ltd. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Operating Return on Equity Guidance for the Year of 2015

Aspen Insurance Holdings Ltd. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net written premiums was $554.0 million against $548.0 million a year ago. Net earned premiums was $612.2 million against $572.6 million a year ago. Total other operating revenue was $35.4 million against $41.2 million a year ago. Operating income before tax was $71.7 million against $87.8 million a year ago. Income before tax was $68.0 million against $93.6 million a year ago. Net income after tax was $67.2 million against $90.0 million a year ago. Operating income was $71.3 million against $84.4 million a year ago. Diluted earnings net income adjusted for preference share dividend was $0.90 against $1.21 a year ago. Diluted earnings operating income adjusted for preference share dividend was $0.97 against $1.13 a year ago. Book value per ordinary share was $46.16 against $41.87 a year ago. The company delivered an annualized operating return on equity of 8.8% in the quarter. For the fourth quarter, the total return on aggregate investment portfolio was 0.8%. Net investment income was $47 million in the fourth quarter, flat from a year ago. For the year, the company reported net written premiums was $2,515.2 million against $2,299.7 million a year ago. Net earned premiums was $2,405.3 million against $2,171.8 million a year ago. Total other operating revenue was $151 million against $160.2 million a year ago. Operating income before tax was $380.4 million against $318.2 million a year ago. Income before tax was $367.9 million against $342.7 million a year ago. Net income after tax was $355.8 million against $329.3 million a year ago. Operating income was $368.5 million against $304.3 million a year ago. Diluted earnings net income adjusted for preference share dividend was $4.82 against $4.14 a year ago. Diluted earnings operating income adjusted for preference share dividend was $5.01 against $3.88 a year ago. The company delivered an annualized operating return on equity of 11.5% for the year. The company reported diluted book value per share of $45.13 at December 31, 2014, an increase of 10.3% from a year ago. For the year, the company generated $190 million of investment income, which is relatively flat from year ago. The company expects to achieve an operating return on equity of 11% in 2015. By the end of 2015, the company expects to deliver $600 million in net earned premium.

Aspen Insurance Holdings Ltd. Announces Auditor Changes

On February 4, 2015 and February 5, 2015, KPMG Audit Plc the independent registered public accountant of Aspen Insurance Holdings Limited informed the company's Audit Committee and Board of Directors, respectively, that due to a reorganization of KPMG's U.K. operations, KPMG in the U.K. has instigated an orderly wind down of the business of KPMG Audit and requested a transfer of the Company's audit to KPMG LLP. Accordingly, KPMG Audit will decline to stand for re-election as the Company's independent registered public accountant at the company's 2015 annual general meeting. The Board of Directors and the Audit Committee have therefore approved a decision to put KPMG LLP forward to be appointed as auditor and a resolution concerning KPMG LLP's appointment will be put to a shareholder vote at the Company's 2015 annual general meeting, following which, if approved, KPMG Audit will cease being the Company's independent registered public accountant. On February 4, 2015 and February 5, 2015, the Audit Committee and the Board of Directors, respectively, approved a decision to put to the Company's shareholders at the Company's 2015 annual general meeting the appointment of KPMG LLP as the Company's independent registered public accounting firm to perform independent audit services for the fiscal year ending December 31, 2015. A resolution concerning KPMG LLP's appointment will be put to a shareholder vote at the Company's 2015 annual general meeting, following which, if approved, KPMG LLP will commence being the Company's independent registered public accountant.

Aspen Declares Dividends on Ordinary Shares and Perpetual Preference Shares, Payable on March 9, 2015 and April 1, 2015 Respectively

Aspen Insurance Holdings Ltd. announced that it has declared a quarterly cash dividend on ordinary shares of $0.20 per ordinary share. The dividend is payable on March 9, 2015 to the holders of record as of the close of business on February 20, 2015. The company’s board of directors also declared a dividend on its 7.401% Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share of $0.462563 per 7.401% Perpetual Preference Share. The dividend is payable on April 1, 2015 to the holders of record as of the close of business on March 15, 2015. In addition, company’s Board of Directors declared a dividend on its 7.250% Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share of $0.4531 per 7.250% Perpetual Preference Share. The dividend is payable on April 1, 2015 to the holders of record as of the close of business on March 15, 2015. The Board of Directors also declared a dividend on its 5.95% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares with a $25 liquidation preference per share of $0.3719 per 5.95% Perpetual Preference Share. The dividend is payable on April 1, 2015 to the holders of record as of the close of business on March 15, 2015.

Aspen Insurance Holdings Ltd.(NYSE:AHL.PRB) dropped from S&P Preferred Stock Index

Aspen Insurance Holdings Ltd.(NYSE:AHL.PRB) dropped from S&P Preferred Stock Index

 

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AHL

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Valuation AHL Industry Range
Price/Earnings 9.7x
Price/Sales 1.1x
Price/Book 0.8x
Price/Cash Flow 8.2x
TEV/Sales NM Not Meaningful
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