Company: AHL
Filing Date: 2025-03-20
Form Type: F-1/A
Source: 0001628280-25-014149
Chunk: 460

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-20
Form: F-1/A
Chunk 460
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ains)/losses                                      |     |                    |    -58.5 |     |      |     39.6 |     |      |    -49.3 |
| Net reserve for losses and LAE at the end of the year                |     |                    |  3,950.6 |     |      |  3,232.8 |     |      |  2,813.2 |
| Plus reinsurance recoverable on unpaid losses at the end of the year |     |                    |  4,172.0 |     |      |  4,577.8 |     |      |  4,897.7 |
| Reserve for losses and LAE at the end of the year                    |     | $                  |  8,122.6 |     | $    |  7,810.6 |     | $    |  7,710.9 |

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(1) Net loss and LAE expenses disposed of $ 1,840.1million represent the net loss reserves as at May 20, 2022 (“Closing Date”) for losses in relation to 2019 and prior accident years, in addition to the $ 770.0million of ceded reserves under the previous ADC agreement, recognizing a total recoverable of $ 2,610.1million. These reserves were rolled forward from the initial effective date of September 30, 2021, at which time the net losses reserves were $ 3,120.0million.

As at December 31, 2024, the total amount recoverable from Enstar under the LPT was $ 1,190.9million (December 31, 2023 — $ 1,627.4million) which includes claims paid and reserve development since the Closing Date.

For the twelve months ended December 31, 2024, there was an increase of $ 35.6million in the Company’s estimate of the ultimate claims to be paid in respect of prior accident years compared to an increase of $ 60.8million for the twelve months ended December 31, 2023.

The following tables show an analysis of incurred claims and allocated loss adjustment expenses, net of reinsurance and cumulative paid claims and allocated claim adjustment expenses, net of reinsurance for each of the years ended December 31, 2015 through 2024. Under the LPT agreement, the Company has reinsured net losses incurred on all accident