Company: AHL
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001267395-25-000019
Chunk: 351

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-19
Form: 20-F
Item: Item 18
Chunk 351
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 shares by the weighted average number of ordinary shares outstanding. The following table presents the computation of basic and diluted earnings per ordinary share for the twelve months ended December 31, 2024, 2023 and 2022.

                                                                                        Twelve Months Ended December 31,                                                                                     
                                                                                        2024                                                                2023                       2022                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                        ($ in millions, except share and per share amounts)                                                                  
  Net income                                                                            $                                                        486.1      $               534.7      $               51.1  
  Less: Preference share dividends                                                      ( 54.9)                                                             ( 49.9)                    ( 44.6)               
  Net income available to Aspen Insurance Holdings Limited’s ordinary shareholders      $                                                        431.2      $               484.8      $                6.5  
  Basic and diluted weighted average ordinary shares outstanding                        60,395,839                                                          60,395,839                 60,395,839            
  Basic and diluted earnings per ordinary share                                         $                                                         7.14      $                8.03      $               0.11  

14. Statutory Requirements and Dividends Restrictions

As a holding company, the Company relies on dividends and other distributions from its Operating Subsidiaries to provide cash flow to meet ongoing cash requirements, including any future debt service payments and other expenses, and to pay dividends, if any, to our preference and ordinary shareholders. The Company must comply with the provisions of the Bermuda Companies Act 1981, as amended, (the “ Companies Act”) regulating the payment of dividends and distributions.

The ability of the Company’s Operating Subsidiaries to pay the Company dividends or other distributions is subject to the laws and regulations applicable to each jurisdiction, as well as the Operating Subsidiaries’ need to maintain capital requirements adequate to maintain their insurance and reinsurance operations and their financial strength ratings issued by independent rating agencies.

F-49

Table of Contents

The company law of England and Wales prohibits Aspen UK, AMAL or AUL from declaring a dividend to its shareholders unless it has “profits available for distribution”. The determination of whether a company has profits available for distribution is based on its accumulated realized profits and other distributable reserves less its accumulated realized losses. While the U. K. insurance regulatory laws impose no statutory restrictions on a general insurer’s