Company: AHL
Filing Date: 2025-03-20
Form Type: F-1/A
Source: 0001628280-25-014149
Chunk: 136

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-20
Form: F-1/A
Chunk 136
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insurance market;

• the United Kingdom’s withdrawal from the European Union;

• changes in Bermuda law and regulations, and the political environment in Bermuda;

• changes in current accounting practices and future pronouncements;

• our internal controls over financial reporting have gaps or other deficiencies;

• the loss of one or more of our senior underwriters or other members of our senior management team or an inability to attract and retain senior staff;

• third-party outsourced service providers failing to satisfactorily perform certain technology and business process functions;

• general employee and third-party litigation risks;

• management turnover;

• the loss of our foreign private issuer or “controlled company” status;

• the execution of internal processes to maintain our operations and the operational risks that are inherent to our business, including those resulting from fraud or employee errors or omissions;

• the failure in our data security and/or technology systems or infrastructure or those of third parties, including those caused by security breaches or cyber-attacks;

• compliance with ever evolving national, federal, state, and international laws relating to the handling of information;

• actual results differing materially from model outputs and related analyses;

• the influence that the Apollo Shareholders will continue to have over us;

• our holding company structure and certain regulatory and other constraints may limit our ability to pay dividends;

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• U.S. persons who own our securities may have more difficulty in protecting their interests than U.S. persons who are shareholders of a U.S. corporation;

• changes in government regulations or tax laws in jurisdictions where we conduct business; and

• other risk factors discussed in this prospectus under “ Risk Factors .”

All forward-looking statements included in this prospectus are expressly qualified in their entirety by these cautionary statements. The foregoing list should not be construed as exhaustive and should be read in conjunction with other information included in this prospectus. We do not intend, and do not undertake, any obligation to update any forward-looking statements to reflect future events or circumstances after the date of this prospectus. You should review carefully the section captioned “Risk Factors” in this prospectus for a more complete discussion of risks and uncertainties before making a decision to invest in our ordinary shares.

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<div align='center'>MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

The following discussion and analysis of our financial condition and results of operations should be read together