What is Aspen Insur Hldg's earnings per share (EPS)?

Aspen Insur Hldg (AHL) reported diluted earnings per share of $3.17 for fiscal year 2025. This represents a -33.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Aspen Insur Hldg Financials

AHL

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Aspen Insur Hldg (AHL) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI AHL FY2025 2026-04-22

Aspen’s business behaves like a capital-backed earnings model, where balance-sheet strength matters more than modest revenue movement.

Across the last three annual periods, revenue moved from $2.97B to $3.22B, a modest shift despite normal year-to-year noise in earnings. Yet equity climbed from $2.91B to $3.63B, showing the recent story is more about capital rebuilding and retained earnings than about expanding volume.

Cash conversion improved in the latest year because operating cash flow reached $439M while net income was $340M, so the business generated more cash than its reported profit suggests. The same cash-above-earnings pattern appeared in the prior year, which makes recent profitability look less dependent on non-cash accounting effects.

The clearest current pressure is cost absorption: selling and administrative expense rose to $671M from $533M, which means more of each revenue dollar was consumed before reaching the bottom line. Even so, cash increased from $914M to $1.66B, giving the company more operating flexibility without leaning harder on external funding.

Financial Health Signals

Financial Profile 18/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Aspen Insur Hldg's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Aspen Insur Hldg's revenue declined 1.2% year-over-year, from $3.3B to $3.2B. This contraction results in a growth score of 40/100.

Leverage

Aspen Insur Hldg has a moderate D/E ratio of 3.50. This balance of debt and equity financing earns a leverage score of 31/100.

Returns

Aspen Insur Hldg's ROE of 9.4% shows moderate profitability relative to equity, earning a score of 39/100. This is down from 14.4% the prior year.

Piotroski F-Score Weak

3/9

Aspen Insur Hldg passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.29x

For every $1 of reported earnings, Aspen Insur Hldg generates $1.29 in operating cash flow ($439.0M OCF vs $340.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.2B

YoY-1.2%

5Y CAGR+2.6%

10Y CAGR+1.6%

Aspen Insur Hldg generated $3.2B in revenue in fiscal year 2025. This represents a decrease of 1.2% from the prior year.

EBITDA

N/A

Net Income

$340.2M

YoY-30.0%

10Y CAGR+0.5%

Aspen Insur Hldg reported $340.2M in net income in fiscal year 2025. This represents a decrease of 30.0% from the prior year.

EPS (Diluted)

$3.17

YoY-33.3%

10Y CAGR-3.5%

Aspen Insur Hldg earned $3.17 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 33.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$1.7B

YoY+81.4%

5Y CAGR-1.0%

10Y CAGR+2.7%

Aspen Insur Hldg held $1.7B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

92M

YoY+52.2%

10Y CAGR+4.2%

Aspen Insur Hldg had 92M shares outstanding in fiscal year 2025. This represents an increase of 52.2% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

10.6%

YoY-4.3pp

5Y CAGR+12.6pp

10Y CAGR-1.1pp

Aspen Insur Hldg's net profit margin was 10.6% in fiscal year 2025, showing the share of revenue converted to profit. This is down 4.3 percentage points from the prior year.

Return on Equity

9.4%

YoY-5.0pp

5Y CAGR+11.3pp

10Y CAGR-0.0pp

Aspen Insur Hldg's ROE was 9.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.0 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

AHL Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$3.2B-1.2%	$3.3B+9.9%	$3.0B+2.6%	$2.9B+9.9%	$2.6B-7.1%	$2.8B
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$671.4M+25.9%	$533.1M+5.9%	$503.6M+1.9%	$494.2M+18.2%	$418.0M+1.7%	$410.9M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$31.7M-49.0%	$62.1M+12.5%	$55.2M+26.3%	$43.7M+205.6%	$14.3M-57.8%	$33.9M
Income Tax	$103.9M+572.3%	-$22.0M+83.3%	-$132.1M-69.1%	-$78.1M-1573.6%	$5.3M-71.2%	$18.4M
Net Income	$340.2M-30.0%	$486.1M-9.1%	$534.7M+946.4%	$51.1M+71.5%	$29.8M+152.8%	-$56.4M
EPS (Diluted)	$3.17-33.3%	$4.75-11.0%	$5.34+7528.6%	$0.07+129.2%	$-0.24	N/A

Metric	Q4'25	Q4'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20	Q4'19
Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AHL Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$16.3B+3.6%	$15.7B+3.4%	$15.2B+0.4%	$15.2B+9.5%	$13.8B+5.8%	$13.1B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.7B+81.4%	$914.2M-11.1%	$1.0B+7.2%	$959.2M-27.0%	$1.3B-24.8%	$1.7B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.1M0.0%	$2.1M-46.2%	$3.9M0.0%	$3.9M0.0%	$3.9M0.0%	$3.9M
Total Liabilities	$12.7B+2.5%	$12.4B+0.5%	$12.3B-3.8%	$12.8B+15.6%	$11.1B+8.5%	$10.2B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	$300.0M	$0-100.0%	$299.9M0.0%	$299.9M
Total Equity	$3.6B+7.5%	$3.4B+15.9%	$2.9B+23.3%	$2.4B-15.0%	$2.8B-3.9%	$2.9B
Retained Earnings	$2.3B+14.3%	$2.0B+13.2%	$1.8B+33.0%	$1.3B-2.4%	$1.4B-1.1%	$1.4B

Metric	Q4'25	Q4'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20	Q4'19
Total Assets	$16.3B+3.6%	$15.7B+3.4%	$15.2B-1.1%	$15.4B+1.6%	$15.2B+9.5%	$13.8B+5.8%	$13.1B+4.1%	$12.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.7B+81.4%	$914.2M-11.1%	$1.0B-3.1%	$1.1B+10.7%	$959.2M-27.0%	$1.3B-24.8%	$1.7B+69.6%	$1.0B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$2.1M0.0%	$2.1M-46.2%	$3.9M	N/A	$3.9M0.0%	$3.9M0.0%	$3.9M0.0%	$3.9M
Total Liabilities	$12.7B+2.5%	$12.4B+0.5%	$12.3B-4.1%	$12.8B+0.4%	$12.8B+15.6%	$11.1B+8.5%	$10.2B+3.5%	$9.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	$300.0M	N/A	$0-100.0%	$299.9M0.0%	$299.9M0.0%	$299.8M
Total Equity	$3.6B+7.5%	$3.4B+15.9%	$2.9B+14.1%	$2.5B+8.1%	$2.4B-15.0%	$2.8B-3.9%	$2.9B+9.9%	$2.6B
Retained Earnings	$2.3B+14.3%	$2.0B+13.2%	$1.8B+17.6%	$1.5B+13.1%	$1.3B-2.4%	$1.4B-1.1%	$1.4B-7.8%	$1.5B

AHL Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$439.0M-20.9%	$554.9M+70.9%	$324.7M+690.4%	-$55.0M-110.5%	$524.7M+178.0%	-$672.7M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$339.8M+196.3%	-$352.8M-104.9%	-$172.2M+12.4%	-$196.5M+79.3%	-$950.3M-182.5%	$1.2B
Financing Cash Flow	-$48.7M+84.2%	-$307.9M-241.4%	-$90.2M-6.6%	-$84.6M-17020.0%	$500K-99.8%	$223.5M
Dividends Paid	$0-100.0%	$195.0M+383.9%	$40.3M+0.8%	$40.0M	$0	$0
Share Buybacks	N/A	N/A	N/A	N/A	$0	$0

Metric	Q4'25	Q4'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20	Q4'19
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	$11.0M-20.8%	$13.8M+0.5%	$13.8M+23.8%	$11.1M	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

AHL Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	10.6%-4.3pp	14.9%-3.1pp	18.0%+16.3pp	1.8%+0.6pp	1.1%+3.1pp	-2.0%
Return on Equity	9.4%-5.0pp	14.4%-4.0pp	18.4%+16.2pp	2.2%+1.1pp	1.1%+3.0pp	-1.9%
Return on Assets	2.1%-1.0pp	3.1%-0.4pp	3.5%+3.2pp	0.3%+0.1pp	0.2%+0.7pp	-0.4%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.50-0.2	3.67+3.6	0.10+0.1	0.00-0.1	0.110.0	0.10
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q4'24	Q4'23	Q2'23	Q4'22	Q4'21	Q4'20	Q4'19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	3.50-0.2	3.67+3.6	0.10-4.9	5.04+5.0	0.00-0.1	0.110.0	0.10-0.0	0.11
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Aspen Insur Hldg's annual revenue?

Aspen Insur Hldg (AHL) reported $3.2B in total revenue for fiscal year 2025. This represents a -1.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Aspen Insur Hldg's revenue growing?

Aspen Insur Hldg (AHL) revenue declined by 1.2% year-over-year, from $3.3B to $3.2B in fiscal year 2025.

Is Aspen Insur Hldg profitable?

Yes, Aspen Insur Hldg (AHL) reported a net income of $340.2M in fiscal year 2025, with a net profit margin of 10.6%.

What is Aspen Insur Hldg's net profit margin?

Aspen Insur Hldg (AHL) had a net profit margin of 10.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Aspen Insur Hldg's return on equity (ROE)?

Aspen Insur Hldg (AHL) has a return on equity of 9.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Aspen Insur Hldg's operating cash flow?

Aspen Insur Hldg (AHL) generated $439.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Aspen Insur Hldg's total assets?

Aspen Insur Hldg (AHL) had $16.3B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Aspen Insur Hldg have outstanding?

Aspen Insur Hldg (AHL) had 92M shares outstanding as of fiscal year 2025.

What is Aspen Insur Hldg's debt-to-equity ratio?

Aspen Insur Hldg (AHL) had a debt-to-equity ratio of 3.50 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Aspen Insur Hldg's return on assets (ROA)?

Aspen Insur Hldg (AHL) had a return on assets of 2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Aspen Insur Hldg's Piotroski F-Score?

Aspen Insur Hldg (AHL) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Aspen Insur Hldg's earnings high quality?

Aspen Insur Hldg (AHL) has an earnings quality ratio of 1.29x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Aspen Insur Hldg?

Aspen Insur Hldg (AHL) scores 18 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.