Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 225

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 225
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 from $3,447 million for the twelve months ended December 31, 2018 to $4,609 million for the twelve months ended December 31, 2024;

• Loss ratio decreased from 71.0% for the twelve months ended December 31, 2018 (12.1% attributable to catastrophe losses) to 59.4% (adjusted loss ratio to 58.3%) for the twelve months ended December 31, 2024 (6.5% attributable to catastrophe losses);

• Expense ratio decreased from 32.9% for the twelve months ended December 31, 2018 to 28.5% for the twelve months ended December 31, 2024;

• ACM fee income increased from $24 million for the twelve months ended December 31, 2018 to $169 million for the twelve months ended December 31, 2024;

• Net (loss)/income available to ordinary shareholders increased from $(177) million for the twelve months ended December 31, 2018 to $431 million for the twelve months ended December 31, 2024;

• Operating income increased from $0.3 million for the twelve months ended December 31, 2018 to $433 million for the twelve months ended December 31, 2024;

• Return on average equity increased from (7.7)% for the twelve months ended December 31, 2018 to 19.4% for the twelve months ended December 31, 2024; and

• Operating return on average equity was flat for the twelve months ended December 31, 2018 and increased to 19.4% for the twelve months ended December 31, 2024.

### Our Business
We manage our underwriting operations as two distinct business segments: Insurance and Reinsurance. We have a diversified yet complementary portfolio across these segments, constructed through the lens of our ‘One Aspen’ approach, where we balance risk on an aggregate basis and tactically deploy capital to the lines of business and platforms that we believe will generate the best returns for the Aspen Group. Our Insurance and Reinsurance segments both leverage third-party capital through ACM, which utilizes our capabilities in the third-party capital space (namely, the Insurance Linked Securities markets) to provide our core Insurance and Reinsurance segments with enhanced capital flexibility and operating leverage. We operate our business across multiple jurisdictions. Our platforms include U.S. E&S, U.S. Admitted, Lloyd’s, Bermuda and