Company: AHL
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001267395-25-000019
Chunk: 197

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-19
Form: 20-F
Item: Item 4
Chunk 197
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 at December 31, 2024:

                                                       2025                              2026                                              Total  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                       ($ in millions)                                                                            
  Operating lease obligations                          $                       15.4      $             14.6         13.2         21.5      $      
  Long-term debt obligations                           —                                 300.0                                             300.0  
  Long-term debt obligations, annual interest (1)      20.0                              17.1                                              37.1   
  Reserves for losses and LAE (2)                                           1,662.0                 1,327.6      1,095.0      2,488.0             
  Total                                                $                    1,697.4      $          1,659.3      1,108.2      2,509.5      $      

__________________

(1) The long-term debt accrues interest at a variable rate of Term Secured Overnight Financing Rate plus an applicable margin. In estimating our annual interest obligation on our long-term debt, the borrowing rate as of December 31, 2024 has been used.

(2) In estimating the time intervals into which payments of our reserves for losses and loss adjustment expenses fall, as set out above, we have utilized actuarial assessed payment patterns. By the nature of the insurance and reinsurance contracts under which these liabilities are assumed, there can be no certainty that actual payments will fall in the periods shown and there could be a material acceleration or deceleration of claims payments depending on factors outside our control. The total amount of payments in respect of our reserves, as well as the timing of such payments, may differ materially from our current estimates for the reasons set out under Item 18, Note 2 of our consolidated financial statements, “ Basis of Presentation and Significant Accounting Policies - Reserves.”

For a detailed description of our operating lease obligations, refer to Item 18, Note 19 of our consolidated financial statements, “ Operating Leases.”

G. Safe Harbor

Cautionary Statement Regarding Forward-Looking Statements

This report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “ Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “ Exchange Act”), that are made pursuant to the “