Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 457

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 457
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 the Company held foreign exchange contracts that were designated as cash flow hedges under ASC 815 with an aggregate notional amount of $ 158.0million (2023 — $ 76.9million). The foreign exchange contracts are recorded as derivative assets or derivative liabilities in the consolidated balance sheet with the changes in fair value recorded in other comprehensive income. For the twelve months ended December 31, 2024 the company recognized a loss of $ 6.5million (December 31, 2023 — loss of $ 14.0million) in other comprehensive income.

<div align='center'>F-44</div>

As the foreign exchange contracts settle, the realized gain or loss is reclassified from other comprehensive income into general, administrative and corporate expenses in the consolidated statement of operations. For the twelve months ended December 31, 2024, the amount recognized within general, administrative and corporate expenses for settled foreign exchange contracts was a realized loss of $ 0.9million (December 31, 2023 — loss of $ 8.1million). The Company estimates that $ 6.2million of the existing losses as at December 31, 2024 is expected to be reclassified into earnings within the next 12 months.

Embedded derivative on loss portfolio contract. The loss portfolio transfer contract includes a funds withheld arrangement that provides returns to the reinsurer based on Aspen’s investment performance, guaranteeing a minimum of 1.75% return. Such funds withheld arrangements are examples of embedded derivatives and therefore this instrument is accounted for as an option-based derivative. For the twelve months ended December 31, 2024, the amount recognized as a change in fair value of derivatives in the consolidated statement of operations is a gain of $ 12.9million (December 31, 2023 — gain of $ 15.2million).

#### 9.

#### Deferred Acquisition Costs
The following table represents a reconciliation of beginning and ending deferred acquisition costs for the twelve months ended December 31, 2024 and 2023:

|                                            |     |                | Twelve Months Ended December 31, 2024 |     |   | Twelve Months Ended December 31, 2023 |
|:-------------------------------------------|:----|:---------------|--------------------------------------:|:----|:--|--------------------------------------:|
|                                            |     | -$ in millions |                                       |     |   |                                       |
| Balance at the beginning of the period     |     | $              |                                 296