Company: AHL
Filing Date: 2025-03-20
Form Type: F-1/A
Source: 0001628280-25-014149
Chunk: 131

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-20
Form: F-1/A
Chunk 131
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 and liquidity requirements or our target level of capital above the applicable group enhanced capital requirements (“ECR”) or such other applicable rules, regulations or restrictions as may from time to time be issued or imposed by the BMA (or any successor agency or other then applicable regulatory authority) pursuant to the terms of the Bermuda Insurance Act 1978, as amended (the “Insurance Act”) or any successor legislation or other then applicable law or regulation. For more information regarding risk factors that could materially and adversely affect us and our ability to pay dividends on our ordinary shares, please see “Risk Factors.”

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Table of C ontents

### CAPITALIZATION
The following table sets forth our cash and cash equivalents and consolidated capitalization as of December 31, 2024 on an actual basis and on an as-adjusted basis giving effect to the Pre-IPO Transaction.

You should read the following table in conjunction with the sections entitled “Summary Financial and Operating Data” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” as well as our consolidated financial statements and accompanying notes included elsewhere in this prospectus.

|                                                                                                                                                                                                                                                                  |     | As at December 31, 2024             |         |     |             |   |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:------------------------------------|--------:|:----|:------------|:--|
|                                                                                                                                                                                                                                                                  |     | Actual                              |         |     | As Adjusted |   |
|                                                                                                                                                                                                                                                                  |     | -in millions, except for share data |         |     |             |   |
| Cash and Cash Equivalents                                                                                                                                                                                                                                        |     | $                                   |   914.2 |     | $           |   |
| Long-term Debt Obligations(1):                                                                                                                                                                                                                                   |     |                                     |         |     |             |   |
| Revolving credit facility(2)                                                                                                                                                                                                                                     |     | $                                   |       — |     | $           |   |
| 2026 Term Loan                                                                                                                                                                                                                                                   |     |                                     |   300.0 |     |             |   |
| Total Long-term Debt Obligations                                                                                                                                                                                                                                 |     | $                                   |   300.0 |     | $           |   |
| Shareholders’ Equity:                                                                                                                                                                                                                                            |     |                                     |         |     |             |   |
| Ordinary Shares:                                                                                                                                                                                                                                                 |     |                                     |         |     |             |   |
| 60,