Intrinsic value of Aspen Insurance Holdings - AHL

Previous Close

$37.30

  Intrinsic Value

$0.00

stock screener

  Rating & Target

str. sell

-100%

Previous close

$37.30

 
Intrinsic value

$0.00

 
Up/down potential

-100%

 
Rating

str. sell

Our model is not good at valuating stocks of financial companies, such as AHL.

We calculate the intrinsic value of AHL stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  2,706
  2,768
  2,839
  2,919
  3,008
  3,105
  3,211
  3,325
  3,448
  3,581
  3,722
  3,873
  4,034
  4,205
  4,387
  4,579
  4,782
  4,998
  5,225
  5,465
  5,718
  5,986
  6,267
  6,564
  6,876
  7,205
  7,552
  7,916
  8,299
  8,703
Variable operating expenses, $m
  2,391
  2,444
  2,504
  2,573
  2,648
  2,731
  2,821
  2,919
  3,024
  3,137
  3,176
  3,305
  3,443
  3,588
  3,743
  3,907
  4,081
  4,265
  4,459
  4,663
  4,880
  5,108
  5,348
  5,601
  5,868
  6,148
  6,444
  6,755
  7,082
  7,426
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,391
  2,444
  2,504
  2,573
  2,648
  2,731
  2,821
  2,919
  3,024
  3,137
  3,176
  3,305
  3,443
  3,588
  3,743
  3,907
  4,081
  4,265
  4,459
  4,663
  4,880
  5,108
  5,348
  5,601
  5,868
  6,148
  6,444
  6,755
  7,082
  7,426
Operating income, $m
  316
  325
  335
  347
  360
  374
  390
  406
  424
  444
  546
  568
  592
  617
  643
  672
  701
  733
  766
  802
  839
  878
  919
  963
  1,009
  1,057
  1,108
  1,161
  1,217
  1,277
EBITDA, $m
  1,756
  1,796
  1,842
  1,894
  1,952
  2,015
  2,083
  2,158
  2,238
  2,324
  2,415
  2,513
  2,618
  2,729
  2,846
  2,971
  3,103
  3,243
  3,390
  3,546
  3,711
  3,884
  4,067
  4,259
  4,462
  4,675
  4,900
  5,137
  5,385
  5,647
Interest expense (income), $m
  29
  419
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
  416
Earnings before tax, $m
  -104
  -92
  -81
  -69
  -56
  -42
  -27
  -10
  8
  28
  130
  152
  176
  201
  227
  255
  285
  317
  350
  385
  423
  462
  503
  547
  592
  641
  691
  745
  801
  860
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  2
  7
  35
  41
  47
  54
  61
  69
  77
  86
  95
  104
  114
  125
  136
  148
  160
  173
  187
  201
  216
  232
Net income, $m
  -104
  -92
  -81
  -69
  -56
  -42
  -27
  -10
  6
  20
  95
  111
  128
  146
  166
  186
  208
  231
  256
  281
  308
  337
  367
  399
  432
  468
  505
  544
  585
  628

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Adjusted assets (=assets-cash), $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Revenue / Adjusted assets
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
Average production assets, $m
  13,590
  13,902
  14,260
  14,661
  15,105
  15,593
  16,124
  16,699
  17,318
  17,983
  18,694
  19,453
  20,260
  21,119
  22,030
  22,995
  24,017
  25,098
  26,240
  27,445
  28,718
  30,059
  31,473
  32,963
  34,533
  36,185
  37,924
  39,754
  41,679
  43,704
Working capital, $m
  -10,148
  -10,381
  -10,648
  -10,947
  -11,279
  -11,643
  -12,040
  -12,469
  -12,932
  -13,428
  -13,959
  -14,525
  -15,129
  -15,770
  -16,450
  -17,171
  -17,934
  -18,741
  -19,594
  -20,494
  -21,444
  -22,446
  -23,502
  -24,614
  -25,786
  -27,020
  -28,318
  -29,685
  -31,123
  -32,635
Total debt, $m
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
  7,709
Total liabilities, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total equity, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total liabilities and equity, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Debt-to-equity ratio
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
Adjusted equity ratio
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000
  0.000

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -104
  -92
  -81
  -69
  -56
  -42
  -27
  -10
  6
  20
  95
  111
  128
  146
  166
  186
  208
  231
  256
  281
  308
  337
  367
  399
  432
  468
  505
  544
  585
  628
Depreciation, amort., depletion, $m
  1,440
  1,472
  1,507
  1,547
  1,592
  1,641
  1,694
  1,751
  1,813
  1,880
  1,869
  1,945
  2,026
  2,112
  2,203
  2,300
  2,402
  2,510
  2,624
  2,745
  2,872
  3,006
  3,147
  3,296
  3,453
  3,618
  3,792
  3,975
  4,168
  4,370
Funds from operations, $m
  1,337
  1,380
  1,426
  1,478
  1,535
  1,598
  1,667
  1,741
  1,819
  1,900
  1,964
  2,056
  2,154
  2,258
  2,369
  2,486
  2,610
  2,741
  2,880
  3,026
  3,180
  3,343
  3,515
  3,695
  3,886
  4,086
  4,297
  4,519
  4,753
  4,998
Change in working capital, $m
  -199
  -233
  -267
  -300
  -332
  -364
  -397
  -429
  -462
  -496
  -531
  -567
  -603
  -641
  -680
  -721
  -763
  -807
  -853
  -900
  -950
  -1,002
  -1,056
  -1,113
  -1,172
  -1,234
  -1,299
  -1,367
  -1,438
  -1,512
Cash from operations, $m
  1,536
  1,613
  1,693
  1,778
  1,867
  1,963
  2,064
  2,171
  2,282
  2,396
  2,495
  2,623
  2,757
  2,899
  3,049
  3,207
  3,373
  3,548
  3,732
  3,926
  4,130
  4,345
  4,571
  4,808
  5,057
  5,320
  5,596
  5,886
  6,190
  6,511
Maintenance CAPEX, $m
  -1,332
  -1,359
  -1,390
  -1,426
  -1,466
  -1,511
  -1,559
  -1,612
  -1,670
  -1,732
  -1,798
  -1,869
  -1,945
  -2,026
  -2,112
  -2,203
  -2,300
  -2,402
  -2,510
  -2,624
  -2,745
  -2,872
  -3,006
  -3,147
  -3,296
  -3,453
  -3,618
  -3,792
  -3,975
  -4,168
New CAPEX, $m
  -265
  -313
  -357
  -401
  -444
  -488
  -531
  -575
  -619
  -665
  -711
  -759
  -808
  -859
  -911
  -965
  -1,022
  -1,081
  -1,142
  -1,206
  -1,272
  -1,342
  -1,414
  -1,490
  -1,569
  -1,652
  -1,739
  -1,830
  -1,925
  -2,025
Cash from investing activities, $m
  -1,597
  -1,672
  -1,747
  -1,827
  -1,910
  -1,999
  -2,090
  -2,187
  -2,289
  -2,397
  -2,509
  -2,628
  -2,753
  -2,885
  -3,023
  -3,168
  -3,322
  -3,483
  -3,652
  -3,830
  -4,017
  -4,214
  -4,420
  -4,637
  -4,865
  -5,105
  -5,357
  -5,622
  -5,900
  -6,193
Free cash flow, $m
  -62
  -58
  -55
  -50
  -43
  -36
  -27
  -17
  -8
  0
  -14
  -5
  4
  15
  26
  38
  52
  66
  81
  97
  113
  131
  150
  171
  192
  214
  238
  263
  290
  318
Issuance/(repayment) of debt, $m
  -56
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Issuance/(repurchase) of shares, $m
  160
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  104
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total cash flow (excl. dividends), $m
  42
  -58
  -55
  -50
  -43
  -36
  -27
  -17
  -8
  0
  -14
  -5
  4
  15
  26
  38
  52
  66
  81
  97
  113
  131
  150
  171
  192
  214
  238
  263
  290
  318
Retained Cash Flow (-), $m
  -160
  -92
  -81
  -69
  -56
  -42
  -27
  -10
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Prev. year cash balance distribution, $m
  56
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  11
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  15
  16
  17
  18
  18
  19
  20
  21
  22
  23
  24
  25
  26
  28
  29
  30
  32
  33
Cash available for distribution, $m
  -62
  -92
  -81
  -69
  -56
  -42
  -27
  -10
  0
  0
  0
  0
  4
  15
  26
  38
  52
  66
  81
  97
  113
  131
  150
  171
  192
  214
  238
  263
  290
  318
Discount rate, %
  13.10
  13.76
  14.44
  15.16
  15.92
  16.72
  17.56
  18.43
  19.35
  20.32
  21.34
  22.41
  23.53
  24.70
  25.94
  27.23
  28.60
  30.03
  31.53
  33.10
  34.76
  36.50
  38.32
  40.24
  42.25
  44.36
  46.58
  48.91
  51.35
  53.92
PV of cash for distribution, $m
  -55
  -71
  -54
  -39
  -27
  -17
  -9
  -3
  0
  0
  0
  0
  0
  1
  1
  1
  1
  1
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Aspen Insurance Holdings Limited is a holding company. The Company underwrites specialty insurance and reinsurance on a global basis. It manages its business as two business segments: Aspen Insurance and Aspen Reinsurance (Aspen Re). The reinsurance segment consists of property catastrophe reinsurance (including the business written through Aspen Capital Markets), other property reinsurance (risk excess, pro rata and facultative), casualty reinsurance (U.S. treaty, international treaty and global facultative) and specialty reinsurance (credit and surety, agriculture insurance and reinsurance, marine, aviation, terrorism, engineering and other specialty lines). The insurance segment consists of property and casualty insurance; marine, aviation and energy insurance, and financial and professional lines insurance. Aspen Re participates in alternative reinsurance market through Aspen Capital Markets, which is part of property catastrophe reinsurance line of business.

FINANCIAL RATIOS  of  Aspen Insurance Holdings (AHL)

Valuation Ratios
P/E Ratio 11
Price to Sales 0.8
Price to Book 0.6
Price to Tangible Book
Price to Cash Flow 4.9
Price to Free Cash Flow 5.2
Growth Rates
Sales Growth Rate 6.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 71.4%
Cap. Spend. - 3 Yr. Gr. Rate 8.4%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 18.2%
Total Debt to Equity 18.2%
Interest Coverage 8
Management Effectiveness
Return On Assets 2%
Ret/ On Assets - 3 Yr. Avg. 3%
Return On Total Capital 4.8%
Ret/ On T. Cap. - 3 Yr. Avg. 7.2%
Return On Equity 5.7%
Return On Equity - 3 Yr. Avg. 8.6%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 9.9%
EBITDA Margin - 3 Yr. Avg. 13.5%
Operating Margin 11.7%
Oper. Margin - 3 Yr. Avg. 15.3%
Pre-Tax Margin 7.1%
Pre-Tax Margin - 3 Yr. Avg. 11.1%
Net Profit Margin 6.9%
Net Profit Margin - 3 Yr. Avg. 10.7%
Effective Tax Rate 3.3%
Eff/ Tax Rate - 3 Yr. Avg. 3.7%
Payout Ratio 46.8%

AHL stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the AHL stock intrinsic value calculation we used $2653 million for the last fiscal year's total revenue generated by Aspen Insurance Holdings. The default revenue input number comes from 2017 income statement of Aspen Insurance Holdings. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our AHL stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 13.1%, whose default value for AHL is calculated based on our internal credit rating of Aspen Insurance Holdings, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Aspen Insurance Holdings.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of AHL stock the variable cost ratio is equal to 88.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for AHL stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Aspen Insurance Holdings.

Corporate tax rate of 27% is the nominal tax rate for Aspen Insurance Holdings. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the AHL stock is equal to 0.4%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for AHL are equal to 502.2%.

Life of production assets of 10 years is the average useful life of capital assets used in Aspen Insurance Holdings operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for AHL is equal to -375%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $0 million for Aspen Insurance Holdings - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 60 million for Aspen Insurance Holdings is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Aspen Insurance Holdings at the current share price and the inputted number of shares is $2.2 billion.

RELATED COMPANIES Price Int.Val. Rating

COMPANY NEWS

▶ Aspen Appoints Emil Issavi to Lead Its Reinsurance Business   [Aug-07-18 04:15PM  Business Wire]
▶ Aspen Insurance Holdings Limited to Host Earnings Call   [Aug-02-18 06:00AM  ACCESSWIRE]
▶ Aspen Insurance: 2Q Earnings Snapshot   [05:07AM  Associated Press]
▶ Aspen Reports Results for Quarter Ended June 30, 2018   [Aug-01-18 04:45PM  Business Wire]
▶ New Strong Sell Stocks for June 29th   [Jun-29-18 08:09AM  Zacks]
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▶ [$$] The worlds strongmen have their problems too   [May-24-18 12:00AM  Financial Times]
▶ New Strong Sell Stocks for May 22nd   [May-22-18 10:23AM  Zacks]
▶ Aspen Insurance: 1Q Earnings Snapshot   [May-03-18 05:04AM  Associated Press]
▶ Aspen Reports Results for Quarter Ended March 31, 2018   [May-02-18 04:38PM  Business Wire]
▶ Breaking Down AAT Holding SA.s (WSE:AHL) Ownership Structure   [Apr-12-18 02:51AM  Simply Wall St.]
▶ Aspen Re Management Change   [Mar-29-18 08:30AM  Business Wire]
▶ 8 Stocks Hotchkis & Wiley Continues to Buy   [02:57PM  GuruFocus.com]
▶ Aspen Insurance reports 4Q loss   [05:01AM  Associated Press]
▶ Here's Why Aspen Insurance Holdings Is Down 10% Today   [Jan-26-18 11:35AM  Motley Fool]
▶ Aspen Insurance Holdings Limited to Host Earnings Call   [Oct-26-17 06:35AM  ACCESSWIRE]
▶ Aspen Insurance reports 3Q loss   [Oct-25-17 06:49PM  Associated Press]
▶ Is It Time To Buy Aspen Insurance Holdings Limited (AHL)?   [Sep-14-17 03:07PM  Simply Wall St.]
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