Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 291

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 291
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 related to the business and affairs of the Aspen Group and Aspen will pay to Apollo Management in consideration for its services under the Management Consulting Agreement, an annual management consulting fee equal to the greater of (1) 1% of the consolidated net income of the Aspen Group for the applicable fiscal year and (2) $5 million. Upon the completion of this offering, we expect to terminate the Management Consulting Agreement by mutual agreement of the Company and Apollo Management.

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During the twelve months ended December 31, 2024, the Company recognized management consulting fees of $5.0 million (2023 — $5.0 million; 2022 — $5.0 million), of which $1.3 million remains payable to Apollo Management as of December 31, 2024 (2023 — $1.2 million).

#### Related Party Investments
During the twelve months ended December 31, 2024, the Company bought or held the following securities or investments in Apollo:

As at December 31, 2024, the Company’s investment in funds managed by Apollo had a fair value of $78.6 million (December 31, 2023 — $39.8 million). During the twelve months ended December 31, 2024, the Company incurred income of $0.4 million (2023 — losses of $0.4 million; 2022 — income of $3.1 million) which is included in net investment income on the consolidated statement of operations and other comprehensive income. These investments are included in other investments on the consolidated balance sheet.

As at December 31, 2024, the Company’s investment in notes issued by special purpose vehicles established and managed by subsidiaries of Apollo had a fair value of $66.6 million (December 31, 2023 — $82.2 million). During the twelve months ended December 31, 2024, the Company recognized income of $5.5 million (2023 — income of $5.5 million; 2022 — losses of $0.4 million) which is included in the consolidated statement of operations and other comprehensive income. These investments are included in privately-held investments on the consolidated balance sheet.

As at December 31, 2024, the Company’s investments in CLOs issued by special purpose vehicles established and managed by subsidiaries of Apollo had a fair value of $88.9 million (December 31, 2023 — $129.8 million).