Company: AHL
Filing Date: 2025-04-29
Form Type: 6-K
Source: 0001628280-25-020462
Chunk: 4

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: 6-K
Chunk 4
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 net income.

|                                                                                  | ($ in millions) |                                                                                 |     | Three Months Ended | March 31, 2025 * |     |   | March 31, 2024 * |
|:---------------------------------------------------------------------------------|:----------------|:--------------------------------------------------------------------------------|:----|:-------------------|-----------------:|:----|:--|-----------------:|
| Net income available to Aspen Insurance Holdings Limited’s ordinary shareholders |                 |                                                                                 |     | $                  |             19.9 |     | $ |             98.2 |
| Add/(deduct) items before tax                                                    |                 |                                                                                 |     |                    |                  |     |   |                  |
|                                                                                  |                 | Net foreign exchange losses/(gains)                                             |     |                    |             12.9 |     |   |             -9.1 |
|                                                                                  |                 | Net realized and unrealized investment losses                                   |     |                    |              0.3 |     |   |              1.0 |
|                                                                                  |                 | Non-operating expenses                                                          |     |                    |              8.3 |     |   |              6.2 |
|                                                                                  |                 | Impact of the LPT, net of certain costs related to the LPT contract with Enstar |     |                    |             11.9 |     |   |              7.8 |
|                                                                                  |                 | Non-operating income tax (benefit)                                              |     |                    |             -7.3 |     |   |             -0.7 |
|                                                                                  |                 | Preference share redemption costs                                               |     |                    |              4.4 |     |   |                — |
| Operating income                                                                 |                 |                                                                                 |     | $                  |             50.4 |     | $ |            103.4 |

#### Underwriting result or income/loss
is a non-GAAP financial measure. Income or loss for each of the business segments is measured by underwriting income or loss. Underwriting income or loss is the excess of net earned premiums over the underwriting expenses. Underwriting expenses are the sum of losses and loss adjustment expenses, acquisition costs and general and administrative expenses. Underwriting income or loss provides a basis for management to evaluate the segment’s underwriting performance.

#### Adjusted underwriting income or loss
is a non-GAAP financial measure. It is the underwriting profit or loss adjusted for the change in deferred gain on retroactive reinsurance contracts in order to economically