Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 430

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 430
---
     |                                       |         |   |     |           |         |   |     | $     |    51.1 |   |
| Net reserve for losses and loss adjustment expenses |     | $                                     | 1,360.7 |   |     | $         | 1,452.5 |   |     | $     | 2,813.2 |   |
| Ratios                                              |     |                                       |         |   |     |           |         |   |     |       |         |   |
| Loss ratio                                          |     |                                       |    61.5 | % |     |           |    63.3 | % |     |       |    62.5 | % |
| Acquisition cost ratio                              |     |                                       |    20.2 |   |     |           |    12.5 |   |     |       |    16.1 |   |
| General and administrative expense ratio            |     |                                       |    11.4 |   |     |           |    17.0 |   |     |       |    14.4 |   |
| Expense ratio                                       |     |                                       |    31.6 |   |     |           |    29.5 |   |     |       |    30.5 |   |
| Combined ratio                                      |     |                                       |    93.1 | % |     |           |    92.8 | % |     |       |    93.0 | % |

________________

(1) Non-operating expenses in the twelve months ended December 31, 2022 includes expenses in relation to consulting fees, non-recurring transformation activities, and other non-recurring costs.

<div align='center'>F-22</div>

Geographical Areas . The following summary presents the Company’s gross written premiums based on the location of the insured risk for the twelve months ended December 31, 2024, 2023 and 2022.

|                                          |     | Twelve Months Ended | December 31, 2024 |     |   | December 31, 2023 |     |   | December 31, 2022 |
|:-----------------------------------------|:----|:--------------------|------------------:|:----|:--|------------------:|:----|:--|------------------:|
|                                          |     | -$ in millions      |                   |     |   |                   |     |