Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 412

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 412
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 party investment management fees of $9.2 million (2023 — $9.4 million, 2022 — $4.9 million).

(2) Realized and unrealized investments gains includes gains of $2.5 million on related party investments (2023 — gains of $8.7 million, 2022 — loss of $0.4 million).

(3) General, administrative and corporate expenses includes related party management consulting fees of $5.0 million (2023 — $5.0 million; 2022 — $5.0 million).

(4) The results of the March 30, 2025 Ordinary Shares Exchange have been applied retroactively for all periods.

<div align='center'>F-7</div>

### ASPEN INSURANCE HOLDINGS LIMITED
<div align='center'>CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

For The Twelve Months Ended December 31, 2024, 2023 and 2022

($ in millions)</div>

| Ordinary shares(1)                                                        |     | Twelve Months Ended December 31, 
 2024                             |         |     | 2023 |         |     | 2022 |         |
|:--------------------------------------------------------------------------|:----|:---------------------------------|--------:|:----|:-----|--------:|:----|:-----|--------:|
| Beginning of the year                                                     |     | $                                |     0.1 |     | $    |     0.1 |     | $    |     0.1 |
| End of the year                                                           |     |                                  |     0.1 |     |      |     0.1 |     |      |     0.1 |
| Preference shares(2)                                                      |     |                                  |         |     |      |         |     |      |         |
| Beginning of the year                                                     |     |                                  |   753.5 |     |      |   753.5 |     |      |   753.5 |
| Preference shares issued                                                  |     |                                  |   217.0 |     |      |       — |     |      |       — |
| End of the year                                                           |     |                                  |   970.5 |     |      |   753.5 |     |      |   753.5 |
| Additional paid-in capital(1)                                             |     |                                  |         |