Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 410

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 410
---
 a reasonable basis for our opinion.

/s/ Ernst & Young LLP

We served as the Company's auditor from 2022 to 2024.

London, United Kingdom

April 1, 2024

<div align='center'>F-5</div>

### ASPEN INSURANCE HOLDINGS LIMITED

### CONSOLIDATED BALANCE SHEETS

#### As at December 31, 2024 and December 31, 2023
<div align='center'>($ in millions)</div>

|                                                                                                                                                                        |     |   | As at December 31, 2024 |     |   | As at December 31, 2023 |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|------------------------:|:----|:--|------------------------:|
| ASSETS                                                                                                                                                                 |     |   |                         |     |   |                         |
| Fixed income securities, available for sale (amortized cost — 2024: $4,861.1 and 2023: $4,330.0 net of allowance for expected credit losses 2024: $1.0 and 2023: $2.9) |     | $ |                 4,692.2 |     | $ |                 4,122.6 |
| Fixed income securities, trading at fair value (amortized cost — 2024: $1,207.7 and 2023: $1,527.0)(1)                                                                 |     |   |                 1,199.9 |     |   |                 1,485.7 |
| Short-term investments, available for sale (amortized cost  —  2024: $261.9 and 2023: $93.6)                                                                           |     |   |                   261.9 |     |   |                    93.6 |
| Short-term investments, trading at fair value (amortized cost  —  2024: $1.0 and 2023: $2.1)                                                                           |     |   |                     1.0 |     |   |                     2.1 |
| Catastrophe bonds, trading at fair value (amortized cost —  2024: $1.0 and 2023: $1.6)                                                                                 |     |   |                     1.0 |     |   |                     1.6 |
| Privately-held investments, available for sale (amortized