Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 254

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 254
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 for the most important drivers of risk at the Group level and express the maximum level of allowable exposure per risk driver. At the highest level, risk limits are approved by the Board. Monitoring of the Group position against these limits is included in regular reporting to the Board or one or more of the Board Committees.

Natural Catastrophe Risk

The following discussion of the Company’s natural catastrophe PMLs information contains forward-looking statements based upon assumptions and expectations concerning the potential effect of future events that are subject to uncertainties. See “Risk Factors” for further information. Any of these risk factors could result in actual losses that are materially different from the Company’s PML estimates below.

Natural catastrophe risk is a source of significant aggregate exposure for the Company and is managed by setting risk tolerance and limits, as discussed above. Natural catastrophe perils can impact geographic regions of varying size and can have economic repercussions beyond the geographic region directly impacted.

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The Company’s worldwide estimated net PML exposures (net of retrocession and reinstatement premiums) as at January 1, 2025 and January 1, 2024 were as follows :

|                                         |     | As at January 1, 2025 |       |     |                                                   |     |   |     |                      |       |     |                                                   |     |   |
|:----------------------------------------|:----|:----------------------|------:|:----|:--------------------------------------------------|----:|:--|:----|:---------------------|------:|:----|:--------------------------------------------------|----:|:--|
| ($ in millions, except for percentages) |     | 1-in-100 year PML(1)  |       |     | 1-in-100 year PML as % of Shareholders’ Equity(1) |     |   |     | 1-in-250 year PML(1) |       |     | 1-in-250 year PML as % of Shareholders’ Equity(1) |     |   |
| Worldwide All Perils(2)                 |     | $                     | 242.2 |     |                                                   | 7.2 | % |     | $                    | 329.9 |     |                                                   | 9.8 | % |

|                                         |     | As at January 1, 2024 |       |     |                                                   |     |   |     |                      |       |     |                                                   |      |   |
|:----------------------------------------|