Company: AHL
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001267395-25-000019
Chunk: 280

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-19
Form: 20-F
Item: Item 10
Chunk 280
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 to U. S. RPII Shareholders on that date but generally may not exceed the U. S. RPII Shareholder’s pro rata share of the non-U. S. corporation’s earnings and profits for the taxable year. In addition, a U. S. RPII Shareholder is required to comply with certain reporting requirements, regardless of the number of shares owned by the U. S. RPII Shareholder.

For these purposes, a “ RPII CFC” is any non-U. S. corporation if, on any day of its taxable year, U. S. RPII Shareholders collectively own (directly, indirectly through non-U. S. entities or constructively) 25% or more of the total combined voting power of all classes of stock of such corporation entitled to vote or 25% or more of the total value of the stock of such corporation. A “ U. S. RPII Shareholder” is any U. S. person who owns (directly or indirectly through certain entities) any shares of the non-U. S. corporation. “ RPII” is any “insurance income” (as described below) attributable to policies of insurance or reinsurance with respect to which the person (directly or indirectly) insured is a U. S. RPII Shareholder or a “related person” (as defined below) to such U. S. RPII Shareholder. In general, and subject to certain limitations, “insurance income” is income (including premium and investment income) attributable to the issuing of any insurance or reinsurance contract which would be taxed under the portions of the Code relating to insurance companies if the income were the income of a U. S. insurance company. Generally, the term “related person” for this purpose means someone who controls or is controlled by the U. S. RPII Shareholder or someone who is controlled by the same person or persons who control the U. S. RPII Shareholder. Control generally is measured by a greater than 50% ownership interest, applying certain constructive ownership principles. However, the RPII rules generally do not apply with respect to a non-U. S. corporation if either (i) at all times during its taxable year less than 20% of the total combined voting power of all classes of stock of the corporation entitled to vote and less than 20% of the total value of the corporation is owned (directly or indirectly) by persons