Company: AHL
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001267395-25-000019
Chunk: 315

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-19
Form: 20-F
Item: Item 18
Chunk 315
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.6)  
  Effect of exchange rate movements on cash and cash equivalents                                                    ( 8.1)                           6.6                      ( 18.8)                   
  (Decrease)/Increase in cash and cash equivalents                                                                ( 113.9)                          68.9                      ( 354.9)                  
  Cash and cash equivalents at beginning of period                                                                                 1,028.1         959.2                                       1,314.1  
  Cash and cash equivalents at end of period (2)                                                                         $           914.2             $         1,028.1      $                  959.2  
  Supplemental disclosure of cash flow information:                                                                                                                                                     
  Income taxes paid                                                                                                      $            69.0             $            60.9      $                   29.1  
  Interest paid on long-term debt                                                                                        $            20.5             $            15.6      $                   14.3  

_________________

(1) On January 1, 2025, the Company redeemed all11,000,000shares of its issued and outstanding5.950% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares. The redemption price was paid on January 2, 2025. To facilitate this redemption, the funds of $275.0million were transferred to a third party transfer agent on December 30, 2024 and are included in other assets in the consolidated balance sheet. The cash flow has been included under financing activities above. For further details, refer to Note 26, “ Subsequent Events”.

(2) Cash and cash equivalents includes restricted cash of $ 181.9 323.2 232.1

F-5

Table of Contents

ASPEN INSURANCE HOLDINGS LIMITED

NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS

For The Twelve Months Ended December 31, 2024, 2023 and 2022

($ in millions, except share and per share amounts)

1. History and Organization

History and Organization. Aspen Insurance Holdings Limited (“ Aspen Holdings”) was incorporated as a Bermuda exempted company on May 23, 2002 as a holding company headquartered in Bermuda. We underwrite specialty insurance and reinsurance on a global basis through our Operating Subsidiaries (as defined below) based in Bermuda, the United States and the United Kingdom: Aspen Bermuda Limited (“ Aspen Bermuda”), Aspen Specialty Insurance Company (“ Aspen Specialty”), Aspen American Insurance Company