Company: AHL
Filing Date: 2025-03-20
Form Type: F-1/A
Source: 0001628280-25-014149
Chunk: 438

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-20
Form: F-1/A
Chunk 438
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 |                     |              45.3 |     |   |              39.9 |     |   |               6.6 |
| Catastrophe bonds — Trading                                 |     |                     |                 — |     |   |               0.2 |     |   |               0.3 |
| Privately-held investments — Available for sale             |     |                     |               1.2 |     |   |               0.1 |     |   |                 — |
| Privately-held investments — Trading                        |     |                     |              34.9 |     |   |              44.7 |     |   |              24.3 |
| Other investments, at fair value(1)                         |     |                     |              -6.2 |     |   |             -17.8 |     |   |              13.9 |
| Total                                                       |     |                     |             329.5 |     |   |             287.3 |     |   |             198.4 |
| Investment expenses                                         |     |                     |             -11.5 |     |   |             -11.6 |     |   |             -10.3 |
| Net investment income                                       |     | $                   |             318.0 |     | $ |             275.7 |     | $ |             188.1 |

________________

(1) Other investments primarily represent the Company’s investments in investment funds. The amount reported represents the change in fair value of the investments in the period.

<div align='center'>F-25</div>

The following table summarizes the net realized and unrealized investment gains and losses recorded in the consolidated statement of operations and the change in unrealized gains and losses on investments recorded in other comprehensive income for the twelve months ended December 31, 2024, 2023 and 2022:

|                                                                                                                  |     | Twelve Months Ended | December 31, 2024 |     |   | December 31, 2023 |     |   | December 31, 2022 |
|:-----------------------------------------------------------------------------------------------------------------|:----|:--------------------|------------------:|:----|:--|------------------:|:----|:--|------------------:|
|                                                                                                                  |     | -$ in millions      |                   |     |   |                   |     |   |                   |
| Available for sale:                                                                                              |     |                     |                   |     |