Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 213

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 213
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 million for investing during the period.

<div align='center'>145</div>

Cash flows from financing activities were an outflow of $90.2 million, due to the payment of ordinary and Preference Share dividends. At December 31, 2023, we had a balance of cash and cash equivalents of $1,028.1 million.

Consolidated cash flows for the twelve months ended December 31, 2022

Total net cash flow used in operations for the twelve months ended December 31, 2022 was $55.0 million, a $579.7 million decrease in cash used from the equivalent period in 2021. The decrease in cash used in operations for the twelve months ended December 31, 2022 was mainly due to an increase in reinsurance recoverables, for payments made on gross claims and not yet collected from the reinsurer, and the repayment of our credit facility. We paid net claims of $1,291.1 million in 2022 and utilized cash of $196.5 million for investing during the period.

Cash flows from financing activities were an outflow of $84.6 million, due to the payment of ordinary and Preference Share dividends. At December 31, 2022, we had a balance of cash and cash equivalents of $959.2 million.

#### Capital Resources
We maintain our capital at an appropriate level as determined by our internal risk appetite and the financial strength required by our customers, regulators and rating agencies, sufficient to address such capital requirements during 2025 and in light of projected capital requirements for the period thereafter. We monitor and review the Aspen Group and the Operating Subsidiaries’ capital and liquidity positions on an ongoing basis. The following table shows our capital structures as at December 31, 2024 compared to December 31, 2023:

|                                                                                                     |     |                | As at December 31, 2024 |     |   | As at December 31, 2023 |
|:----------------------------------------------------------------------------------------------------|:----|:---------------|------------------------:|:----|:--|------------------------:|
|                                                                                                     |     | -$ in millions |                         |     |   |                         |
| Share capital, additional paid-in capital, retained income and accumulated other comprehensive loss |     | $              |                 2,401.4 |     | $ |                 2,155.0 |
| Preference shares (net of issue costs)                                                              |     |                |                   970.5