Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 453

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 453
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 Portfolio Transfer Liability - Embedded Derivative(2) |     | Derivative liabilities |     | $              |                       — |     | $     |  -3.6 |     | $              |                       — |     | $     | -16.5 |

________________

(1) Fair value is net of $0.8 million of cash collateral (December 31, 2023 — $3.4 million).

(2) The LPT contains an embedded derivative within the contract in relation to the variable interest crediting rate.

<div align='center'>F-43</div>

|                                                          |     |                        |     | As at December 31, 2024 |       |     |       |      |     | As at December 31, 2023 |      |     |       |     |
|:---------------------------------------------------------|:----|:-----------------------|:----|:------------------------|------:|:----|:------|-----:|:----|:------------------------|-----:|:----|:------|----:|
| Derivatives Designated as Cash Flow Hedges Under ASC 815 |     | Balance Sheet Location |     | Notional                
 Amount                  |       |     | Fair  
 Value |      |     | Notional                
 Amount                  |      |     | Fair  
 Value |     |
|                                                          |     |                        |     | -$ in millions          |       |     |       |      |     | -$ in millions          |      |     |       |     |
| Foreign Exchange Contracts                               |     | Derivative assets      |     | $                       |     — |     | $     |    — |     | $                       | 76.9 |     | $     | 0.3 |
| Foreign Exchange Contracts(1)                            |     | Derivative liabilities |     | $                       | 158.0 |     | $     | -4.2 |     | $                       |    — |     | $     |   — |

________________

(1) Fair value is net of $2.0 million of cash collateral (December 31, 2023 — $Nil ).

The following table provides the unrealized and realized (losses)/gains recorded in the consolidated statements of operations and other comprehensive income for derivatives that are not designated or designated as hedging instruments under ASC 815 — “Derivatives and Hedging” for the twelve months ended December 31, 2024 and 2023:

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