Company: AHL
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001267395-25-000019
Chunk: 347

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-19
Form: 20-F
Item: Item 18
Chunk 347
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 0.1                                               5.4                                               
  Other            16.8                                                     7.9                      0.3                                               8.2                                               
  Total            $                                             402.6      $                        $                                   ( 197.7)      $                                       ( 132.1)  
                   Twelve Months Ended December 31, 2022                                                                                                                                                 
                   (Loss)/Income before tax                                 Current tax expense      Deferred tax (benefit)                            Total income tax (benefit)/expense                
                   ($ in millions)                                                                                                                                                                       
  Bermuda          $                                          ( 103.3)      $                        $                                          —      $                                              —  
  U. S             34.8                                                     14.8                     ( 102.9)                                          ( 88.1)                                           
  U. K.            62.4                                                     7.0                      —                                                 7.0                                               
  Other            ( 20.9)                                                  4.7                      ( 1.7)                                            3.0                                               
  Total            $                                           ( 27.0)      $                        $                                   ( 104.6)      $                                        ( 78.1)  

________________

(1) We have recorded a deferred tax asset in Bermuda consisting of $ 158.9 156.6 40.0 44.5

(2) The U. S. current tax expense of $ 62.7 52.4 0.2 0.9

(3) The U. K. deferred tax benefit of $ 85.3 107.7

(4) Current tax expense and deferred tax (benefit) in “ Other” relates to the branches of Aspen UK and Aspen Bermuda Limited.

F-45

Table of Contents

As noted above, the tax rate in Bermuda, the Company’s country of domicile, is currently zero The reconciliation between the income tax (benefit) and the amount that would result from applying the statutory rate for the Company for the twelve months ended December 31, 2024, 2023 and 2022 is provided in the table below:

                                                                Twelve Months Ended December 31,                             
                                                                2024                                  2023             2022  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Income Tax Reconciliation                                     ($ in millions)                                              
  Income tax benefit at statutory tax rate of zero percent      $                                     $