Company: AHL
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001267395-25-000019
Chunk: 357

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-19
Form: 20-F
Item: Item 18
Chunk 357
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31, 2024, the Company recognized IMA fees of $ 9.2 9.4 4.9 4.0 2.1

Management Consulting Agreement

As previously disclosed, the Company entered into a Management Consulting Agreement, dated March 28, 2019 (the “ Management Consulting Agreement”), with AMH. Pursuant to the Management Consulting Agreement, AMH will provide the Company management consulting and advisory services related to the business and affairs of the Company and its subsidiaries. The Company will pay AMH in consideration for its services under the Management Consulting Agreement, an annual management consulting fee equal to the greater of (i) 1 5

During the year ended December 31, 2024, the Company recognized Management Consulting fees of $ 5.0 5.0 5.0 1.3 1.2

Related Party Investments

During the year, the Company bought or held the following securities or investments in Apollo:

As at December 31, 2024, the Company’s investment in Funds managed by Apollo had a fair value of $ 78.6 39.8 0.4 0.4 3.1

As at December 31, 2024, the Company’s investment in Notes issued by special purpose vehicles established and managed by subsidiaries of Apollo had a fair value of $ 66.6 82.2 5.5 5.5 0.4

As at December 31, 2024, the Company’s investments in Collateralized Loan Obligations issued by special purpose vehicles established and managed by subsidiaries of Apollo had a fair value of $ 88.9 129.8 11.3 17.4 Nil 74.9 14.0

As at December 31, 2024, the Company’s investments in Middle Market Loans originated and managed by a subsidiary of Apollo had a fair value of $ 7.0 45.1 0.5 5.8 Nil

Other Payables to Related Parties

As at year end December 31, 2024, the Company had an intercompany payable balance of $1.2million (2023 - $1.2million), due to its parent, Highlands Bermuda Holdco, Ltd.

21. Commitments and Contingent Liabilities

(a) Restricted assets

The Company’s subsidiaries are obliged by the terms of its contractual obligations to U. S. policyholders and by obligations to