Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 209

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 209
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 terms of our contractual obligations to policyholders and by undertakings to certain regulatory authorities to facilitate the issue of letters of credit or maintain certain balances in trust funds for the benefit of policyholders, or restricted for other reasons. The following table shows the forms of collateral or other security provided in respect of these obligations and undertakings as at December 31, 2024 and December 31, 2023:

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|                                                     |     |                                    | As at December 31, 2024 |   |     |   | At December 31, 2023 |   |
|:----------------------------------------------------|:----|:-----------------------------------|------------------------:|:--|:----|:--|---------------------:|:--|
|                                                     |     | -$ in millions, except percentages |                         |   |     |   |                      |   |
| Regulatory trusts and deposits:                     |     |                                    |                         |   |     |   |                      |   |
| Affiliated transactions                             |     | $                                  |                   433.4 |   |     | $ |                660.8 |   |
| Third party                                         |     |                                    |                 2,713.5 |   |     |   |              2,714.4 |   |
| Letters of credit / guarantees                      |     |                                    |                   153.2 |   |     |   |                172.0 |   |
| Total restricted assets (excluding illiquid assets) |     |                                    |                 3,300.1 |   |     |   |              3,547.2 |   |
| Other investments — illiquid assets                 |     |                                    |                   267.2 |   |     |   |                209.3 |   |
| Total restricted assets and illiquid assets         |     | $                                  |                 3,567.3 |   |     | $ |              3,756.5 |   |
| Total as percent of cash and invested assets        |     |                                    |                    46.4 | % |     |   |                 50.2 | % |

Refer to Note 21(a), “Commitments and Contingent Liabilities—Restricted Assets” of our audited consolidated financial statements for further detail on our trust fund balances which we are required to maintain in accordance with contractual obligations to policyholders and in compliance with regulatory requirements.

Consolidated cash flows for the