Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 479

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 479
---
 two years ending December 31, 2024, and certain other contractual terms being achieved. The weighted average exercise price of the options is $ 0.001and the total number of options granted was 10,000. All of the options were granted in 2023, nonevested in 2023 or 2024. During 2024, 900options were forfeited, leaving an outstanding balance as of December 31, 2024 totalling 9,100.

As of December 31, 2024, no cost has been recognized in relation to the MEP awards as management has determined that it is improbable that the exit or liquidity event will occur. The fair value of the stock options was based on an estimate of the cumulative operating income for the two year period ended December 31, 2024, which included actual results for the year ended December 31, 2024, and an estimate of the exit value using market multiples. The total cost of MEP has been determined based on the estimated fair value as of the original grant date. In the event of an exit or liquidity event, and based upon the aforementioned performance conditions being met at a future date, the cost will be recognized. If management had determined that the performance conditions were probable of achievement as of December 31, 2024, the Company would have recognized an estimated $ 35.0million of cumulative stock-based compensation expense as of that date and would have $ Nilof unrecognized compensation expense. The fair value of these options as of December 31, 2024 totalled $ 41.3million.

#### 18.

#### Intangible Assets and Goodwill
Aspen’s intangible assets relate to trademarks and licenses to trade in the U.S. and U.K. For the twelve months ended December 31, 2024 and December 31, 2023, the Company had intangible assets and goodwill totaling $ 19.9million and $ 21.7million, respectively.

The “ Aspen” trademark, valued at $ 1.1million, $ 16.7million of insurance licenses and $ 2.1million of goodwill are considered to have an indefinite life and are tested annually for impairment or when events or changes in circumstances indicate that these assets might be impaired.

During the year ended December 31, 2024, the Company sold its investment in Digital Re for no consideration. As a result, the associated goodwill of $ 1.8million was fully written off.

For