Company: AHL
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001267395-25-000019
Chunk: 182

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-19
Form: 20-F
Item: Item 4
Chunk 182
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                                                                      ($ in millions)                                                          
  Cash flows from operating activities                                $                                       554.9            $        324.7  
  Cash flows from investing activities                                (352.8)                                            (172.2)               
  Cash flows from financing activities                                (307.9)                                             (90.2)               
  Effect of exchange rate movements on cash and cash equivalents      (8.1)                                                  6.6               
  (Decrease)/increase in cash and cash equivalents                    (113.9)                                               68.9               
  Cash and cash equivalents at beginning of period                                                          1,028.1        959.2               
  Cash and cash equivalents at end of period                          $                                       914.2            $      1,028.1  

Total net cash flow provided by operations for the twelve months ended December 31, 2024 was $554.9 million, a $230.2 million increase in cash flow from the equivalent period in 2023. The increase in cash generated through operating activities was mainly due to an improved underwriting performance, an improvement on the returns generated by our investment portfolio, and a reduction in claim payments.

We utilized net cash of $352.8 million for investing during the period.

Cash flows from financing activities were an outflow of $307.9 million, largely due to the advanced payment of $275.0 million for the redemption of preference shares, and the payment of ordinary and preference share dividends of $249.9 million. This was partially offset by net proceeds of $217.0 million from the issuance of preference shares. At December 31, 2024, we had a balance of cash and cash equivalents of $914.2 million.

Total net cash flow provided by operations for the twelve months ended December 31, 2023 was $324.7 million, a $379.7 million increase in cash flow from the equivalent period in 2022. The increase in cash generated through operating activities was mainly due to an improved underwriting performance, an improvement on the returns generated by our investment portfolio, and a decrease in reinsurance recoverables for payments made on gross claims and not yet collected from the reinsurer. We paid net claims of $1,173.0 million in 2023, and utilized cash of $172.2 million for investing during the period. Cash flows from financing activities were an outflow of $90.2 million, due to the payment of ordinary and preference share dividends.