Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 155

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 155
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 $               |                   378.7 |

______________

(1) On January 1, 2025, the Company redeemed all 11,000,000 of its issued and outstanding AHL PRC Shares, the redemption price of $275.0 million of which was paid on January 2, 2025. This impact is reflected in total shareholders’ equity as at March 31, 2025.

As of March 31, 2025, we had approximately $340 million (December 31, 2024: $379 million) of remaining limit available on our LPT contract, representing 28% of our 2019 and prior accident year outstanding reserves. This contract provides protection against deterioration on these accident years, significantly limiting Aspen’s exposure to the risk of unfavorable development from these accident years, and strengthens our balance sheet.

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Non-GAAP Financial Measures for the Three Months Ended March 31, 2025 and March 31, 2024

Operating income

|                                                                                  | ($ in millions) | Three Months Ended | March 31, 2025 |     |   | March 31, 2024 |
|:---------------------------------------------------------------------------------|:----------------|:-------------------|---------------:|:----|:--|---------------:|
| Net income available to Aspen Insurance Holdings Limited’s ordinary shareholders |                 | $                  |           19.9 |     | $ |           98.2 |
| Add/(deduct) items before tax                                                    |                 |                    |                |     |   |                |
| Net foreign exchange losses/(gains)                                              |                 |                    |           12.9 |     |   |           -9.1 |
| Net realized and unrealized investment losses                                    |                 |                    |            0.3 |     |   |            1.0 |
| Non-operating expenses                                                           |                 |                    |            8.3 |     |   |            6.2 |
| Impact of the LPT, net of certain costs related to the LPT contract with Enstar  |                 |                    |           11.9 |     |   |            7.8 |
| Non-operating income tax (benefit)                                               |                 |                    |           -7.3 |     |   |           -0.7 |
| Preference share redemption costs                                                |                 |                    |            4.4 |     |   |              — |
| Operating income