Company: AHL
Filing Date: 2025-03-20
Form Type: F-1/A
Source: 0001628280-25-014149
Chunk: 159

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-20
Form: F-1/A
Chunk 159
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 |   |     |                   |    20.8 |   |           |     |                      |     8.3 |   |     |           |  18.8 |   |     |                 |    11.6 |   |   |        |     |             |    16.8 |   |
| General and administrative expense ratio(5)                             |     |                                       |    12.4 |   |     |           |   2.6 |   |     |                   |     9.4 |   |           |     |                      |    27.2 |   |     |           |  20.0 |   |     |                 |    25.0 |   |   |        |     |             |    16.1 |   |
| Expense ratio                                                           |     |                                       |    33.6 | % |     |           |  22.4 | % |     |                   |    30.2 | % |           |     |                      |    35.5 | % |     |           |  38.8 | % |     |                 |    36.6 | % |   |        |     |             |    32.9 | % |
| Combined ratio                                                          |     |                                       |   104.6 | % |     |           | 102.3 | % |     |                   |   104.0 | % |           |     |                      |    99.1 | % |     |           | 114.4 | % |     |                 |   104.0 | % |   |        |     |             |   103.9 | % |
| Current accident year combined ratio                                    |     |                                       |   114.4 | % |     |           |  97.8 | % |     |                   |   109.4 | % |           |     |                      |   111.9 | % |     |           | 100.6 | % |     |                 |   108.4 | % |   |        |     |             |   108.9 | % |

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Note: “Legacy” reflects business we have elected to cease underwriting following a series of strategic underwriting reviews. These are consistent across all five years shown in these tables.

(1) Legacy (reinsurance) represents:

(i) U.S. crop insurance business which was