Aspen Insurance Holdings Ltd · NYSE:AHL/PE
Aspen Insurance — Q1 2018 Earnings Presentation
13 slides from Aspen Insurance's earnings presentation, May 2, 2018
Slide 1: Investor Presentation First Quarter 2018
AHL: NYSE INVESTOR PRESENTATION FIRST QUARTER 2018 Aspen Insurance Holdings Limited Exhibit 99.3 Aspen 2 May 2018
Slide 2: Safe Harbor Disclosure
AHL: NYSE SAFE HARBOR DISCLOSURE This slide presentation is for information purposes only. It should be read in conjunction with our financial supplement posted on our website on the Investor Relations page and with other documents filed or to be filed by Aspen Insurance Holdings Limited (the “Compa
Slide 3: Contents
AHL: NYSE CONTENTS Overview │ 4 Operating Segments │ 6 Aspen Re │ 6 Aspen Insurance │ 7 Operational Effectiveness and Efficiency │ 8 Investments │ 9 Reserving and Risk Management │ 10 Financial Highlights │ 12 3
Slide 4: Aspen - At a Glance
AHL: NYSE ASPEN - AT A GLANCE Reinsurance Insurance 46% 54% 4 (1) All data points other than total assets and market capitalization are as of or for the trailing twelve months ended March 31, 2018; Market capitalization as at May 1, 2018 Gross Written Premium by Segment (1) Highlights (1) Ticker: AH
Slide 5: Strong and Diversified Franchise
AHL: NYSE STRONG AND DIVERSIFIED FRANCHISE Global, underwriting expertise-led company writing complex and diversified insurance and reinsurance risks Well-balanced business portfolio, stable investment returns and efficient use of capital Deep underwriting talent with exceptional quantitative and an
Slide 6: Aspen Re
AHL: NYSE 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Q1 2018 88.0% 70.4% 88.2% 125.4% 85.4% 76.4% 77.6% 80.4% 90.0% 125.1% 90.1% Specialty Other Property Casualty Property Cat 40% 21% 20% 19% 6 • Diversified portfolio with strong performance track record • Significant industry experience and
Slide 7: Aspen Insurance
AHL: NYSE U.S. Regional U.K. Regional Professional Lines and Management Liability Marine Excess Casualty Energy Other Global Specialty Products (3) 20% 14% 17%12% 8% 6% 23% Strong Global Product Offering via Key Locations(4) Singapore California Georgia Florida Chelmsford Croydon Manchester Glasgow
Slide 8: Operational Effectiveness and Efficiency Program
AHL: NYSE • Delivering the program expected to significantly enhance our competitive position • Actions include: • Centralize and improve processes and activities • Enhance the operating model and increase cost efficiencies to select support functions through outsourcing • Optimize location of suppo
Slide 9: Strong and Consistent Investment Returns Over the Long-Term
AHL: NYSE STRONG AND CONSISTENT INVESTMENT RETURNS OVER THE LONG-TERM • Total investments and cash of $8.2 billion • Fixed income portfolio: • Duration of 3.98 years • Average credit quality of AA- • Book yield of 2.63% • Sold $491 MM of equities in 1Q18, leaving 4.2%(3) of the portfolio invested in
Slide 10: Prudent Reserving Philosophy
AHL: NYSE PRUDENT RESERVING PHILOSOPHY Prior Year Reserve Releases ($ in MM) Gross Reserves by Type 2013 2014 2015 2016 2017 1Q17 1Q18 $108 $104 $157 $129 $105 $26 $38 IBNR (1) Reserves Case Reserves 55% 45% • Over $1.3 BN net favorable reserve development since inception • Favorable prior year rese
Slide 11: Superior Risk Management Culture
AHL: NYSE Risk management is genuine differentiator for Aspen SUPERIOR RISK MANAGEMENT CULTURE Aspen’s internal capital model was one of very few approved by the U.K. Prudential Regulation Authority to operate under Solvency II regulatory framework Risk-Return Optimization • Extensive use of interna
Slide 12: First Quarter 2018 Financial Highlights
AHL: NYSE 1Q17 1Q18 68.8% 56.9% 1Q17 1Q18 6.8% 9.2% 1Q17 1Q18 40.1% 37.4% 1Q17 1Q18 $998 $1,117 FIRST QUARTER 2018 FINANCIAL HIGHLIGHTS Gross Premiums Written Expense Ratio (1) 12 Operating ROE (1) Total expense ratio (excluding amortization and non-recurring expenses) (2) Retention ratio is calcula
Slide 13: First Quarter 2018 Aspen Insurance Holdings Limited
AHL: NYSE INVESTOR PRESENTATION FIRST QUARTER 2018 Aspen Insurance Holdings Limited
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