Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 289

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 289
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, 2023 — $82.2 million). During the twelve months ended December 31, 2024, the Company recognized income of $5.5 million (2023 — income of $5.5 million; 2022 — losses of $0.4 million) which is included in the consolidated statement of operations and other comprehensive income. These investments are included in privately-held investments on the consolidated balance sheet.

As at December 31, 2024, the Company’s investments in CLOs issued by special purpose vehicles established and managed by subsidiaries of Apollo had a fair value of $88.9 million (December 31, 2023 — $129.8 million). During the twelve months ended December 31, 2024, the Company recognized income on these investments of $11.3 million (2023 — income of $17.4 million; 2022 —$Nil) which is included in the consolidated statement of operations and other comprehensive income. Of these investments, $74.9 million are included in fixed income securities, trading, and $14.0 million are included in fixed income securities, available for sale on the consolidated balance sheet.

As at December 31, 2024, the Company’s investments in MMLs originated and managed by a subsidiary of Apollo had a fair value of $7.0 million (December 31, 2023 — $45.1 million). During the twelve months ended December 31, 2024, the Company recognized income of $0.5 million (2023 — income of $5.8 million; 2022 — $Nil ) which is included in the consolidated statement of operations and other comprehensive income. The MMLs are included in privately-held investments on the consolidated balance sheet.

Other Payables to Related Parties

As at December 31, 2024, the Company had an intercompany payable balance of $1.2 million (December 31, 2023 — $1.2 million), due to its parent, Highlands Bermuda Holdco, Ltd.

#### Pre-IPO Transaction
On March 30, 2025, Highlands Bermuda Holdco, Ltd. transferred all 60,395,839 of our issued and outstanding ordinary shares, par value $0.01 per share, to us and for consideration of such transfer we issued to Highlands Bermuda Holdco, Ltd. 90,833,333 Class A ordinary shares, par value $0.001 per share, which have the same voting and