Company: AHL
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001267395-25-000019
Chunk: 334

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-19
Form: 20-F
Item: Item 18
Chunk 334
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6               
  Privately-held investments, trading                       —                                      —                         475.0          475.0               
  Other investments (1)                                     —                                      —                         —              209.3               
  Other financial assets and liabilities                                                                                                                        
  Derivative assets — foreign exchange contracts            —                                      31.7                      —               31.7               
  Derivative liabilities — foreign exchange contracts       —                                      ( 9.3)                    —             ( 9.3)               
  Derivative liabilities — loss portfolio transfer (2)      —                                      —                         ( 16.5)      ( 16.5)               
  Total                                                     $                         1,748.4      $            3,979.6      $                  $      6,410.7  

______________

(1) Other investments represent our investments in investment funds operating strategies in real estate, infrastructure and lending and are measured at fair value using the net asset value per share practical expedient. As a result, the investments are not classified in the fair value hierarchy. The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheets. The investment in the funds is subject to restrictions as detailed in Note 21(a), “ Commitments and Contingent Liabilities.”

(2) The loss portfolio transfer contract includes a funds withheld arrangement that provides variable interest expense based on Aspen’s investment performance. As a result, the funds withheld arrangement is considered an embedded derivative and accounted for as an option-based derivative.

Transfers of assets into or out of a particular level are recorded at their fair values as of the end of each reporting period consistent with the date of the determination of fair value. During the twelve months ended December 31, 2024, $ Nil 12.1 5.3

F-27

Table of Contents

The following table presents a reconciliation of the beginning and ending balances for all assets and liabilities measured at fair value on a recurring basis using Lev el 3 inputs for the twelve months ended December 31, 2024 and December 31, 2023:

  Twelve Months Ended December 31, 2024                 Balance at beginning of year      Purchases and issuances      Settlements and sales      (Decrease)/increase in fair value included in net income (1) / OCI (2)                   Balance at end of year               
  Assets                                                                                                                                                                                                                                                                        
  Privately-held investments, available for sale