Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 262

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 262
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sidiaries were as follows:

| Rating Agency                                    |     | Rating                       |     | Rated Operating Subsidiary                        |     | Agency’s Rating Definition                                                                                                                                                                   |     | Ranking of Rating                                                        |
| Standard & Poor’s Financial Services LLC (“S&P”) |     | A- (Strong - Stable outlook) |     | Aspen UK, Aspen Bermuda, and AAIC*                |     | Strong capacity to meet financial commitments but somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than those in higher-rated categories |     | The ‘A’ grouping is the third highest of ten major rating categories.    |
| A.M. Best Company, Inc. (“A.M. Best”)            |     | A (Excellent) (Stable)       |     | Aspen UK, Aspen Bermuda, Aspen Specialty and AAIC |     | An excellent ability to meet ongoing insurance obligations                                                                                                                                   |     | The ‘A’ grouping is the second highest of seven major rating categories. |

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* Note that Aspen Specialty does not maintain its own rating from S&P.

These ratings reflect the respective opinions of S&P and A.M. Best regarding the ability of the relevant Operating Subsidiary to pay claims and are not evaluations directed to our investors or recommendations to buy, sell or hold our securities. These ratings are subject to periodic review by, and may be revised downward or revoked, at the sole discretion of, S&P and A.M. Best, respectively. Additionally, rating organizations may change their rating methodology, which could have a material impact on our financial strength ratings.

For a discussion of some potential risks relating to the ratings of our Operating Subsidiaries, refer to “Risk Factors—Risks Related to Our Business—Strategic Risks—Our Operating Subsidiaries are rated and our Lloyd’s business benefits from a rating by one or more of A.M. Best and S&P and a decline in any of these ratings could adversely affect our standing among brokers and customers and cause our premiums and earnings to decrease, or may otherwise result in an adverse effect on our business, financial condition and operating results.”

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#### Employees
As at December 31, 2024, we employed 1,128 persons in the following countries:

|                | Country |     | As at December 31, 2024 |     |     | As at December 31, 2023 |     |     | December 31, 2022 |
|: