Company: AHL
Filing Date: 2025-03-20
Form Type: F-1/A
Source: 0001628280-25-014149
Chunk: 165

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-20
Form: F-1/A
Chunk 165
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 |     |          |  8.5 | % |     |                 | 1,460.0 |     |          |  1.6 | % |     |                 | 1,436.9 |
| Total            |     | $                                                            | 2,889.7 |     |          | 10.5 | % |     | $               | 2,614.5 |     |          | -2.8 | % |     | $               | 2,688.7 |

2024 compared to 2023

Net earned premiums increased by $275.2 million, or 10.5%, in 2024 compared to 2023 due to an increase of $381.0 million in gross earned premiums, partially offset by an increase of $105.8 million in ceded earned premiums in the twelve months ended December 31, 2024.

2023 compared to 2022

Net earned premiums decreased by $74.2 million, or 2.8%, in 2023 compared to 2022 due to an $18.8 million increase in gross earned premiums offset by a $93.0 million increase in ceded earned premiums in the twelve months ended December 31, 2023.

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Table of C ontents

Losses and loss adjustment expenses

We have presented the different components of the loss ratios, including adjusting for the impact of the LPT, which includes changes in retroactive reinsurance contracts as we believe that the presentation of adjusted loss ratios reflects the underlying performance of the ongoing portfolio. Additionally, we have also presented current year loss ratios (excluding the impact of catastrophe losses), the impact of catastrophe losses and prior year development for accident years that are not covered by the LPT.

|                                                            |     | Twelve Months Ended December 31, 
 2024                             
 Net Loss Expense                 
 ($ in millions)                  |         |     | Loss Ratio 
 %          |      |   |     | 2023             
 Net Loss Expense 
 ($ in millions)  |         |     | Loss Ratio 
 %          |      |   |     | 2022             
 Net Loss Expense 
 ($ in millions)  |         |     | Loss Ratio 
 %          |      |   |
|:-----------------------------------------------------------|:----|:---------------------------------|--------:|:----|:-----------|-----:|:--|:----|:-----------------|--------:|:----|