Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 433

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 433
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 Income tax benefit                                    |     |                                       |         |   |     |           |         |   |     |       |   132.1 |   |
| Net income                                            |     |                                       |         |   |     |           |         |   |     | $     |   534.7 |   |
| Net reserve for losses and loss adjustment expenses   |     | $                                     | 1,373.1 |   |     | $         | 1,859.7 |   |     | $     | 3,232.8 |   |
| Ratios                                                |     |                                       |         |   |     |           |         |   |     |       |         |   |
| Loss ratio                                            |     |                                       |    52.9 | % |     |           |    64.5 | % |     |       |    59.4 | % |
| Acquisition cost ratio                                |     |                                       |    18.1 |   |     |           |    11.8 |   |     |       |    14.5 |   |
| General and administrative expense ratio              |     |                                       |    10.4 |   |     |           |    16.0 |   |     |       |    13.6 |   |
| Expense ratio                                         |     |                                       |    28.5 |   |     |           |    27.8 |   |     |       |    28.1 |   |
| Combined ratio                                        |     |                                       |    81.4 | % |     |           |    92.3 | % |     |       |    87.5 | % |

________________

(1) Corporate and other expenses includes other income/(expenses), which were previously presented separately.

(2) Non-operating expenses in the twelve months ended December 31, 2023 includes expenses in relation to consulting fees, non-recurring transformation program costs, and other non-recurring costs.

<div align='center'>F-21</div>

|                                                     |     | Twelve Months Ended December 31, 2022 |         |   |     |           |         |   |     |       |         |   |
|:----------------------------------------------------|:----|:--------------------------------------|--------:|:--|:----|:----------|--------:|:--|:----|:------|--------:|:--|
|                                                     |