Company: AHL
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001628280-25-020462
Chunk: 1

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: 6-K
Chunk 1
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    31.3 | % |     |      |    28.8 | % |
| Combined ratio                                                 |     |                                         |    96.1 | % |     |      |    86.6 | % |
| Adjusted combined ratio(1)                                     |     |                                         |    94.8 | % |     |      |    86.3 | % |

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(1) Operating income, underwriting income, adjusted underwriting income and adjusted combined ratio are non-GAAP financial measures as defined under the rules and regulations of the Securities and Exchange Commission (“SEC”). Refer to “Non-GAAP Financial Measures” below for further details.

|                                                                                                                          |     |                    | As at March 31, 2025 |     |                 | As at December 31, 2024 |
|:-------------------------------------------------------------------------------------------------------------------------|:----|:-------------------|---------------------:|:----|:----------------|------------------------:|
|                                                                                                                          |     | Unaudited Results* 
 ($ in millions)    |                      |     | Audited Results 
 ($ in millions) |                         |
| Total shareholders’ equity(1)                                                                                            |     | $                  |              3,190.5 |     | $               |                 3,371.9 |
| Total shareholders’ equity available to ordinary shareholders, excluding accumulated other comprehensive income / (loss) |     | $                  |              2,811.4 |     | $               |                 2,791.5 |
| Remaining limit available under the LPT                                                                                  |     | $                  |                339.5 |     | $               |                   378.7 |

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(1) On January 1, 2025, the Company redeemed all 11,000,000 of its issued and outstanding 5.950% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares, the redemption price of $275 million of which was paid on January 2, 2025. This impact is reflected in total shareholders’ equity as at March 31, 2025.

As of March 31, 2025, we had approximately $340 million (December 31, 2024: $379 million) of remaining limit available on our LPT contract, representing 28% of our 2019 and prior accident year outstanding reserves. This contract provides protection against deterioration on these accident years, significantly limiting Aspen’s exposure to the risk of unfavorable development from these