Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 182

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 182
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 compared to 2022

Our general and administrative expenses decreased by $21.9 million from $142.5 million in 2022 to $120.6 million in 2023. Our general and administrative expense ratio was 10.4% in 2023 compared to 11.4% in 2022 largely driven by the favorable year over year foreign exchange rates, coupled with various cost saving initiatives.

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Insurance

Our Insurance segment consists of casualty and liability insurance, first party insurance, specialty insurance, financial and professional lines insurance, and other insurance. Results for the Insurance segment for the twelve months ended December 31, 2024, 2023 and 2022, were as follows:

| Underwriting Revenues                                                            |     | Twelve Months Ended December 31,        
 2024                                    
 ($ in millions, except for percentages) |         |   |     | % Change       |       |   |     | 2023 |         |   |     | % Change       |       |   |     | 2022 |         |   |
|:---------------------------------------------------------------------------------|:----|:----------------------------------------|--------:|:--|:----|:---------------|------:|:--|:----|:-----|--------:|:--|:----|:---------------|------:|:--|:----|:-----|--------:|:--|
| Gross written premiums                                                           |     | $                                       | 2,723.5 |   |     |                |  11.3 | % |     | $    | 2,446.6 |   |     |                |  -3.4 | % |     | $    | 2,531.7 |   |
| Net written premiums                                                             |     |                                         | 1,666.9 |   |     |                |  12.3 | % |     |      | 1,483.9 |   |     |                |   1.0 | % |     |      | 1,469.6 |   |
| Net earned premiums                                                              |     |                                         | 1,584.0 |   |     |                |   8.5 | % |     |      | 1,460.0 |   |     |                |   1.6 | % |     |      | 1,436.9 |   |
| Underwriting Expenses                                                            |     |