Company: AHL
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001267395-25-000019
Chunk: 297

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-19
Form: 20-F
Item: Item 11
Chunk 297
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, 2024, the total amount recoverable by the Company from reinsurers was $4,172.0 million (December 31, 2023 - $4,577.8 million. Of the Company’s reinsurance recoverable balance at December 31, 2024, 55.9% is collateralized by our reinsurers, 44.0% is recoverable from reinsurers rated A- or higher by major rating agencies and 0.1% is recoverable from reinsurers rated lower than A- by major rating agencies (December 31, 2023 - 56.8%, 42.9% and 0.3%, respectively). As at December 31, 2024, the Company’s largest uncollateralized exposures to individual reinsurers represent 15.4% (December 31, 2023 - 15.9%), 11.5% (December 31, 2023 - 11.1%), and 8.8% (December 31, 2023 - 9.2%). As at December 31, 2024, the Company recognized an allowance for expected credit losses of $27.5 million (December 31, 2023 - $3.7 million) for reinsurance recoverables from reinsurers.

Item 12. Description of Securities Other Than Equity Securities.