Company: AHL
Filing Date: 2025-03-20
Form Type: F-1/A
Source: 0001628280-25-014149
Chunk: 446

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-20
Form: F-1/A
Chunk 446
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, trading                          |     |                         |       — |     |         |     1.0 |     |         |     — |     |       |     1.0 |
| Privately-held investments, trading                 |     |                         |       — |     |         |       — |     |         | 286.8 |     |       |   286.8 |
| Other investments(1)                                |     |                         |       — |     |         |       — |     |         |     — |     |       |   267.2 |
| Other financial assets and liabilities              |     |                         |         |     |         |         |     |         |       |     |       |         |
| Derivative assets — foreign exchange contracts      |     |                         |       — |     |         |    17.0 |     |         |     — |     |       |    17.0 |
| Derivative liabilities — foreign exchange contracts |     |                         |       — |     |         |   -45.9 |     |         |     — |     |       |   -45.9 |
| Derivative liabilities — loss portfolio transfer(2) |     |                         |       — |     |         |       — |     |         |  -3.6 |     |       |    -3.6 |
| Total                                               |     | $                       | 2,207.8 |     | $       | 3,919.3 |     | $       | 307.4 |     | $     | 6,701.7 |

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(1) Other investments represent our investments in investment funds operating strategies in real estate, infrastructure and lending and are measured at fair value using the net asset value per share practical expedient. As a result, the investments are not classified in the fair value hierarchy. The fair value amounts presented in the table above are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheets. The investment in the funds is subject to restrictions as detailed in Note 21(a), “Commitments and Contingent Liabilities.”

<div align='center'>F-36</div>

(2) The loss portfolio transfer contract includes a funds withheld arrangement that provides variable interest expense based on Aspen’s investment performance. As a result, the funds withheld arrangement is considered an embedded derivative and accounted for as an option-based derivative.

|                                                     |     | At December 31,