ASPEN INSURANCE HOLDINGS LTD (AHL) Revenue History
Annual and quarterly revenue from 2002 to present
AHL Revenue Over Time (2002–2024)
AHL Revenue Growth History
17 of 22 years with positive growth- FY2002 revenue growth
- N/A
- FY2003 revenue growth
- +493.7%
- FY2004 revenue growth
- +54.1%
- FY2005 revenue growth
- +27.1%
- FY2006 revenue growth
- +12.8%
- FY2007 revenue growth
- +8.0%
- FY2008 revenue growth
- -11.1%
- FY2009 revenue growth
- +16.7%
- FY2010 revenue growth
- +5.4%
- FY2011 revenue growth
- -4.9%
- FY2012 revenue growth
- +9.9%
- FY2013 revenue growth
- +4.1%
- FY2014 revenue growth
- +9.7%
- FY2015 revenue growth
- +1.5%
- FY2016 revenue growth
- +7.2%
- FY2017 revenue growth
- -7.8%
- FY2018 revenue growth
- -11.7%
- FY2019 revenue growth
- +4.6%
- FY2020 revenue growth
- +12.2%
- FY2021 revenue growth
- -5.1%
- FY2022 revenue growth
- +2.2%
- FY2023 revenue growth
- +9.5%
- FY2024 revenue growth
- +10.5%
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2025 | $821.5M | +5.9% |
| Q2 2025 | $714.2M | -6.5% |
| Q1 2025 | $765.4M | +2.0% |
| Q4 2024 | $907.5M | +26.2% |
| Q3 2024 | $775.5M | +5.6% |
| Q2 2024 | $763.7M | — |
| Q1 2024 | $750.6M | — |
| Q4 2023 | $719.2M | — |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2011)
AHL's revenue distribution by segment and geography for fiscal year 2011
By Product/Segment
AHL Revenue Analysis (2002–2024)
Current Revenue & Growth
As of June 28, 2026, ASPEN INSURANCE HOLDINGS LTD (AHL) generated trailing twelve-month (TTM) revenue of $3.21 billion, reflecting solid growth of +5.9% year-over-year. The most recent quarter (Q3 2025) recorded $821.5 million in revenue, up 15.0% sequentially.
Historical Growth Trajectory
AHL's 5-year compound annual growth rate (CAGR) stands at +5.7%, indicating steady revenue expansion. The 3-year CAGR of +7.3% exceeds the 5-year average, indicating an acceleration in the most recent period. ASPEN INSURANCE HOLDINGS LTD's highest annual revenue of $3.20 billion was recorded in 2024, an all-time high.
Revenue by Segment
AHL's revenue is primarily driven by Reinsurance (59%), and Insurance (41%). With over half of revenue concentrated in Reinsurance, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Financial Services sector peers — including RNR (-8.2% YoY), ACGL (+8.5% YoY), and MKL (+7.7% YoY) — AHL has underperformed the peer group in revenue growth. Compare AHL vs RNR →
AHL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| AHLCurrent | $3.2B | +5.9% | +5.7% | 14.5% | |
 RNR | $12.7B | -8.2% | +19.9% | 31.5% | |
 ACGL | $19.9B | +8.5% | +19.2% | 25.0% | |
 MKL | $16.6B | +7.7% | +11.5% | 16.5% | |
 PRE | $92M | +174.0% | +7.2% | -41.3% | |
 HIG | $28.3B | +7.3% | +6.8% | 16.8% |
AHL Historical Revenue Data (2002–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $3.20B | +10.5% | $1.06B | 33.1% | $464.1M | 14.5% |
| 2023 | $2.89B | +9.5% | $961.4M | 33.2% | $402.6M | 13.9% |
| 2022 | $2.64B | +2.2% | $531.0M | 20.1% | $-27,000,000 | -1.0% |
| 2021 | $2.59B | -5.1% | $478.2M | 18.5% | $35.1M | 1.4% |
| 2020 | $2.72B | +12.2% | $417.6M | 15.3% | $-38,000,000 | -1.4% |
| 2019 | $2.43B | +4.6% | $335.5M | 13.8% | $-216,600,000 | -8.9% |
| 2018 | $2.32B | -11.7% | $377.3M | 16.2% | $-156,000,000 | -6.7% |
| 2017 | $2.63B | -7.8% | $233.6M | 8.9% | $-281,800,000 | -10.7% |
| 2016 | $2.85B | +7.2% | $747.5M | 26.2% | $209.5M | 7.3% |
| 2015 | $2.66B | +1.5% | $811.5M | 30.5% | $337.5M | 12.7% |
| 2014 | $2.62B | +9.7% | $863.4M | 32.9% | $367.9M | 14.0% |
| 2013 | $2.39B | +4.1% | $745.2M | 31.2% | $342.7M | 14.3% |
| 2012 | $2.30B | +9.9% | $676.1M | 29.4% | $295.4M | 12.9% |
| 2011 | $2.09B | -4.9% | $185.3M | 8.9% | $-147,300,000 | -7.1% |
| 2010 | $2.20B | +5.4% | $617.9M | 28.1% | $340.3M | 15.5% |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
24+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
AHL — Frequently Asked Questions
Quick answers to the most common questions about buying AHL stock.
Is AHL's revenue growth accelerating or slowing?
AHL revenue growth is holding steady at +5.9% year-over-year. TTM revenue is $3.2B. The current growth rate closely tracks the 5-year CAGR of +5.7%, signalling consistent execution.
What is AHL's revenue history from 2002 to 2026?
ASPEN INSURANCE HOLDINGS LTD (AHL) revenue history spans 2002 to 2026. TTM revenue as of 2026 is $3.2B, growing at +5.9% YoY. The 5-year CAGR is +5.7%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is AHL's long-term revenue growth rate (CAGR)?
ASPEN INSURANCE HOLDINGS LTD's 5-year revenue CAGR of +5.7% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +5.9% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for AHL.
Why does AHL's quarterly revenue fluctuate?
AHL quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. ASPEN INSURANCE HOLDINGS LTD's revenue data from 2002 to 2026 shows full historical quarterly detail on this page.
How is AHL's revenue distributed by segment?
AHL reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does AHL's revenue compare to industry peers?
ASPEN INSURANCE HOLDINGS LTD (AHL) with TTM revenue of $3.2B and +5.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.