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Aspen Insurance Holdings

LSE:0U63
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0U63
LSE
$3B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Aspen Insurance Holdings Limited, through its subsidiaries, engages in insurance and reinsurance businesses in Bermuda, the United States, the United Kingdom, and internationally. The last earnings update was 14 days ago. More info.


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0U63 Share Price and Events
7 Day Returns
0%
LSE:0U63
2.5%
GB Insurance
-0.2%
GB Market
1 Year Returns
16.4%
LSE:0U63
-7.4%
GB Insurance
-3.4%
GB Market
0U63 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aspen Insurance Holdings (0U63) 0% 1.6% 1.7% 16.4% - -
GB Insurance 2.5% 5.6% 4.2% -7.4% 13.1% 13.5%
GB Market -0.2% 3.9% 2.1% -3.4% 16.2% -1.8%
1 Year Return vs Industry and Market
  • 0U63 outperformed the Insurance industry which returned -7.4% over the past year.
  • 0U63 outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -3.4% over the past year.
Price Volatility
0U63
Industry
5yr Volatility vs Market

0U63 Value

 Is Aspen Insurance Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Aspen Insurance Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our calculation method for this is changing soon.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Aspen Insurance Holdings.

LSE:0U63 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $46.99 * 5.4%
$2.55
Book Value of Equity per Share Median Book Value from the past 5 years. $46.99
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0U63
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 8.8%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.61
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.605 (1 + (1- 21%) (16.78%))
0.685
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.8 * 8.77%)
8.25%

Discounted Cash Flow Calculation for LSE:0U63 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Aspen Insurance Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0U63 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.4% – 8.25%) * $46.99)
$-1.33
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-1.33 / (8.25% - 1.23%)
$-18.89
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $46.99 + $-18.89
$28.1
LSE:0U63 Discount to Share Price
Calculation Result
Value per share (USD) From above. $28.10
Current discount Discount to share price of $42.53
= -1 x ($42.53 - $28.10) / $28.10
-51.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Aspen Insurance Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Aspen Insurance Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aspen Insurance Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0U63 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $-2.97
LSE:0U63 Share Price ** LSE (2019-02-08) in USD $42.53
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 22 Publicly-Listed Insurance Companies 16.81x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 813 Publicly-Listed Companies 16.06x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aspen Insurance Holdings.

LSE:0U63 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:0U63 Share Price ÷ EPS (both in USD)

= 42.53 ÷ -2.97

-14.31x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aspen Insurance Holdings is loss making, we can't compare its value to the GB Insurance industry average.
  • Aspen Insurance Holdings is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Aspen Insurance Holdings's expected growth come at a high price?
Raw Data
LSE:0U63 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -14.31x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
36.7%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 19 Publicly-Listed Insurance Companies 1.49x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 577 Publicly-Listed Companies 1.32x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Aspen Insurance Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Aspen Insurance Holdings's assets?
Raw Data
LSE:0U63 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $35.83
LSE:0U63 Share Price * LSE (2019-02-08) in USD $42.53
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.12x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,362 Publicly-Listed Companies 1.55x
LSE:0U63 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:0U63 Share Price ÷ Book Value per Share (both in USD)

= 42.53 ÷ 35.83

1.19x

* Primary Listing of Aspen Insurance Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aspen Insurance Holdings is good value based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Aspen Insurance Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Aspen Insurance Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0U63 Future Performance

 How is Aspen Insurance Holdings expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Aspen Insurance Holdings, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
36.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aspen Insurance Holdings expected to grow at an attractive rate?
  • Aspen Insurance Holdings's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Aspen Insurance Holdings's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Unable to compare Aspen Insurance Holdings's revenue growth to the United Kingdom of Great Britain and Northern Ireland market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
LSE:0U63 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0U63 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 36.7%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 13.7%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.5%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0U63 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0U63 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
LSE:0U63 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,357 -305 -177
2018-09-30 2,345 -382 -215
2018-06-30 2,388 -202 -460
2018-03-31 2,492 -150 -372
2017-12-31 2,625 -112 -312
2017-09-30 2,649 121 -204
2017-06-30 2,685 107 150
2017-03-31 2,795 302 140
2016-12-31 2,875 453 162
2016-09-30 2,981 590 355
2016-06-30 2,873 612 287
2016-03-31 2,747 569 271

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aspen Insurance Holdings's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Aspen Insurance Holdings is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0U63 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Aspen Insurance Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0U63 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
LSE:0U63 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 -2.97
2018-09-30 -3.61
2018-06-30 -7.72
2018-03-31 -6.24
2017-12-31 -5.22
2017-09-30 -3.40
2017-06-30 2.50
2017-03-31 2.32
2016-12-31 2.67
2016-09-30 5.85
2016-06-30 4.72
2016-03-31 4.45

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Aspen Insurance Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Aspen Insurance Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Aspen Insurance Holdings has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0U63 Past Performance

  How has Aspen Insurance Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Aspen Insurance Holdings's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Aspen Insurance Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Aspen Insurance Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Aspen Insurance Holdings's 1-year growth to the GB Insurance industry average as it is not currently profitable.
Earnings and Revenue History
Aspen Insurance Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Aspen Insurance Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0U63 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,357.20 -177.30 415.20
2018-09-30 2,345.40 -214.90 456.40
2018-06-30 2,387.90 -460.00 456.60
2018-03-31 2,491.60 -372.40 474.90
2017-12-31 2,625.00 -311.90 487.00
2017-09-30 2,648.60 -204.00 481.00
2017-06-30 2,684.80 150.00 495.10
2017-03-31 2,794.90 139.90 491.60
2016-12-31 2,875.30 161.50 490.10
2016-09-30 2,980.90 355.00 487.10
2016-06-30 2,872.60 287.10 462.60
2016-03-31 2,747.10 271.10 441.60
2015-12-31 2,675.90 284.50 424.00
2015-09-30 2,615.00 233.00 419.60
2015-06-30 2,632.10 242.60 418.70
2015-03-31 2,689.30 324.90 426.80
2014-12-31 2,631.70 317.20 417.20
2014-09-30 2,620.70 341.00 390.60
2014-06-30 2,570.10 411.20 389.90
2014-03-31 2,457.50 314.80 374.10
2013-12-31 2,402.80 287.20 368.10
2013-09-30 2,380.20 199.80 359.30
2013-06-30 2,352.00 208.10 351.10
2013-03-31 2,338.80 259.60 346.90
2012-12-31 2,320.80 249.50 345.10
2012-09-30 2,271.90 262.70 338.30
2012-06-30 2,238.90 171.90 319.60
2012-03-31 2,196.10 98.80 306.80

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Aspen Insurance Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Aspen Insurance Holdings has efficiently used its assets last year compared to the GB Insurance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Aspen Insurance Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Aspen Insurance Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Aspen Insurance Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0U63 Health

 How is Aspen Insurance Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Aspen Insurance Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aspen Insurance Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aspen Insurance Holdings's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aspen Insurance Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 15.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Aspen Insurance Holdings Company Filings, last reported 1 month ago.

LSE:0U63 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 2,656.00 429.30 2,422.80
2018-09-30 2,775.80 437.00 2,595.90
2018-06-30 2,828.00 449.90 2,821.70
2018-03-31 2,859.00 589.30 3,000.90
2017-12-31 2,928.50 636.10 3,390.40
2017-09-30 3,162.90 653.30 3,497.90
2017-06-30 3,620.90 664.90 3,388.50
2017-03-31 3,594.40 664.50 3,199.80
2016-12-31 3,648.30 772.70 3,497.40
2016-09-30 3,904.10 664.30 3,334.40
2016-06-30 3,616.80 654.80 2,925.50
2016-03-31 3,557.10 657.70 2,746.80
2015-12-31 3,419.90 739.80 2,852.10
2015-09-30 3,371.30 634.50 2,904.80
2015-06-30 3,363.60 628.00 2,872.90
2015-03-31 3,465.80 625.80 2,958.10
2014-12-31 3,419.30 687.70 2,858.90
2014-09-30 3,444.50 613.60 2,932.00
2014-06-30 3,554.20 606.10 2,927.90
2014-03-31 3,386.80 602.40 2,772.10
2013-12-31 3,299.60 599.00 2,487.90
2013-09-30 3,271.10 500.60 2,343.70
2013-06-30 3,234.90 499.30 2,164.90
2013-03-31 3,339.60 499.70 2,239.60
2012-12-31 3,488.40 500.40 2,353.60
2012-09-30 3,554.20 500.70 2,314.80
2012-06-30 3,435.10 499.10 2,216.40
2012-03-31 3,210.90 499.00 2,005.50
  • Aspen Insurance Holdings's level of debt (16.2%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (18.1% vs 16.2% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Aspen Insurance Holdings is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Aspen Insurance Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Aspen Insurance Holdings has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0U63 Dividends

 What is Aspen Insurance Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Aspen Insurance Holdings dividends.
If you bought $2,000 of Aspen Insurance Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Aspen Insurance Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Aspen Insurance Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0U63 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 23 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 708 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1.1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0U63 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Aspen Insurance Holdings has not reported any payouts.
  • Unable to verify if Aspen Insurance Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Aspen Insurance Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Aspen Insurance Holdings has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Aspen Insurance Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Aspen Insurance Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aspen Insurance Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0U63 Management

 What is the CEO of Aspen Insurance Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Mark Cloutier
AGE 63
TENURE AS CEO 0 years
CEO Bio

Mr. Mark Bertrand Cloutier is an Executive Chairman and Group Chief Executive Officer at Aspen Insurance Holdings Limited since February 15, 2019. He has been Chairman of Brit Reinsurance (Bermuda) Ltd. since December 7, 2017. He was an Executive Chairman of Brit Limited at Fairfax Financial Holdings Limited until January 2019. Mr. Cloutier was an Executive Chairman at Brit Limited (alternate names: Brit PLC, Brit Group) since January 1, 2017 until December 17, 2018 and its Executive Director since March 27, 2014 until December 17, 2018. Mr. Cloutier served as Group CEO at Brit Limited until January 1, 2017. Mr. Cloutier has been an Executive Chairman at Brit Insurance Holdings N.V. since January 2017. He serves as the Group Chief Executive Officer of Brit Insurance Holdings Bv at Brit Syndicates Ltd. He has more than 35 years of experience in the international insurance and reinsurance sector. He served as the Chief Executive Officer of Brit Insurance Holdings N.V. from October 27, 2011 to January 5, 2017. He served as the Chief Executive Officer and President of Catalina Reinsurance Ltd. He served as Group Chief Executive Officer at RiverStone Insurance Limited since October 2011. He served as the Chief Executive Officer and Group President at Alea Group Holdings Bermuda Ltd. from September 1, 2006 to April 1, 2010. He served as the Chief Executive Officer of Brit PLC from October 2011 to December 31, 2016. He served as an Adviser to Brit management on defining strategy. He served as the Chief Claims Officer and Executive Vice President of Overseas Partners Ltd. since November 20, 2000 and served as its Chief Executive Officer. He served as the President and Chief Executive Officer of OPRe from May 2002 to April 14, 2005 and also served as the Chief Claims Officer since May 2002. He worked in partnership with a number of leading private equity and institutional investors including KKR, Fortress Investment Group, Apollo LP, CVC, Ontario Municipal Employees Retirement Services and Texas Teachers Retirement Services. Prior to joining OPL, he held senior management positions at E.W. Blanch Holdings, Inc. from 1999 to 2000 and TIG Holdings from 1995 to 1999. He served as the President of E.W. Blanch Insurance Services Inc. Prior to these positions he was at Brouwer and Company from 1986 to 1995 and Lindsey Morden Claim Services from 1978 to 1986. He was the Founder and President of an independent claim service company in British Columbia. He also worked with private equity investors such as Kohlberg Kravis Roberts and Fortress. He has been a Director of Brit Insurance Holdings N.V. since October 2011. He has been a Non-Executive Director of Society of Lloyd's since April 01, 2015. He serves as a Director at Lloyd's of London Limited since 1 April, 2015. He serves as a Director of RiverStone Insurance Limited. He has been a Non-Executive Director of Alea Group Holdings Bermuda Ltd. since 2010 and previously served as its Executive Director since September 1, 2006. He served as a Director of Overseas Partners Ltd. from 2002 to January 31, 2006.

CEO Compensation
  • Insufficient data for Mark to compare compensation growth.
  • Insufficient data for Mark to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Aspen Insurance Holdings management team in years:

3
Average Tenure
51
Average Age
  • The tenure for the Aspen Insurance Holdings management team is about average.
Management Team

Scott Kirk

TITLE
Group Chief Financial Officer
COMPENSATION
$2M
AGE
44
TENURE
4.2 yrs

Mark Cloutier

TITLE
Executive Chairman & Group CEO
AGE
63

David Schick

TITLE
Group Chief Operating Officer
AGE
53
TENURE
1.2 yrs

Grahame Dawe

TITLE
Chief Accounting Officer
AGE
47
TENURE
1.8 yrs

Mark Jones

TITLE
Senior Vice President
AGE
65
TENURE
4.1 yrs

Mike Cain

TITLE
Group General Counsel & Company Secretary
AGE
46
TENURE
10.9 yrs

Steve Colton

TITLE
Head of Group Communications
TENURE
6.3 yrs

Karen Green

TITLE
Group Head of Corporate Development & Office of the Group CEO
AGE
50

Heather Brown

TITLE
Group Head of HR
AGE
52
TENURE
1.4 yrs

Dan Yerxa

TITLE
Global Head of Property - Aspen Re
TENURE
1.7 yrs
Board of Directors

Mark Cloutier

TITLE
Executive Chairman & Group CEO
AGE
63

Gordon Ireland

TITLE
Non-Executive Director
COMPENSATION
$274K
AGE
65
TENURE
6 yrs

Gernot Lohr

TITLE
Director

John Cavoores

TITLE
Non-Executive Director
COMPENSATION
$217K
AGE
61
TENURE
12.3 yrs

Alex Humphreys

TITLE
Director

Josh Black

TITLE
Director

Michael Saffer

TITLE
Director

Gary Parr

TITLE
Director
AGE
61
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Aspen Insurance Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Aspen Insurance Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0U63 News

Simply Wall St News

0U63 Company Info

Map
Description

Aspen Insurance Holdings Limited, through its subsidiaries, engages in insurance and reinsurance businesses in Bermuda, the United States, the United Kingdom, and internationally. The company’s Aspen Insurance segment offers property and casualty insurance products, including U.S. and U.K. commercial property, commercial liability, U.S. primary casualty, excess casualty, environmental liability, and railroad liability products; and marine, aviation, and energy insurance products, such as marine and energy liability, onshore and offshore energy physical damage, marine hull, specie, inland and ocean marine, and aviation insurance products. This segment also provides financial and professional lines insurance products comprising financial and corporate risks, professional liability, management liability, credit and political risks, crisis management, accident and health, surety risks, and technology liability insurance products. The company’s Aspen Reinsurance segment offers property catastrophe reinsurance products; other property reinsurance products; casualty reinsurance products, including U.S. treaty, international treaty, and casualty facultative reinsurance products; and specialty reinsurance products comprising credit and surety, agriculture, mortgage, marine, aviation, terrorism, engineering, cyber, and other specialty lines. It distributes its products primarily through brokers and reinsurance intermediaries. The company was founded in 2002 and is headquartered in Hamilton, Bermuda. As of February 15, 2019, Aspen Insurance Holdings Limited was taken private.

Details
Name: Aspen Insurance Holdings Limited
0U63
Exchange: LSE
Founded: 2002
$2,558,531,498
59,862,693
Website: http://www.aspen.co
Address: Aspen Insurance Holdings Limited
141 Front Street,
Hamilton,
HM 19,
Bermuda
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE 0U63 Ordinary Shares London Stock Exchange GB USD 04. Dec 2003
NYSE AHL PRACL PFD PER7.401% New York Stock Exchange US USD 14. Nov 2006
NYSE AHL.PRC PFD SHS 5.95 New York Stock Exchange US USD 03. May 2013
NYSE AHL.PRD PFD SHS New York Stock Exchange US USD 14. Sep 2016
Number of employees
Current staff
Staff numbers
1,151
Aspen Insurance Holdings employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/27 23:13
End of day share price update: 2019/02/08 00:00
Last estimates confirmation: 2019/02/06
Last earnings filing: 2019/02/13
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.