Company: AHL
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001267395-25-000019
Chunk: 343

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-19
Form: 20-F
Item: Item 18
Chunk 343
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1,036.9      $               ( 41.7)      $                             ( 9.3)  
  Loss Portfolio Transfer Liability - Embedded Derivative (2)      Derivative liabilities      $                            —            $                ( 3.6)      $                            ( 16.5)  

______________

(1) Fair value is net of $ 0.8 3.4

(2) The LPT contains an embedded derivative within the contract in relation to the variable interest crediting rate.

F-33

Table of Contents

                                                                                            As at December 31, 2024                 As at December 31, 2023             
  Derivatives Designated as Cash Flow Hedges Under ASC 815      Balance Sheet Location      Notional                     Fair       Notional                     Fair   
                                                                                            Amount                       Value      Amount                       Value  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                            ($ in millions)                         ($ in millions)                     
  Foreign Exchange Contracts                                    Derivative assets           $                            $          $                            $      
  Foreign Exchange Contracts (1)                                Derivative liabilities      $                            $          $                            $      

______________

(1) Fair value is net of $ 2.0 Nil

The following table provides the unrealized and realized (losses)/gains recorded in the consolidated statements of operations and other comprehensive income for derivatives that are not designated or designated as hedging instruments under ASC 815 - “ Derivatives and Hedging” for the twelve months ended December 31, 2024 and 2023:

                                                                                                                                                                  Amount of (Loss)/Gain Recognized on Derivatives                                                   
                                                                                                                                                                  For the Twelve Months Ended                                                                       
                                                               Location of (Loss)/Gain                                                                            December 31, 2024                                                 December 31, 2023               
  Derivatives not designated as hedges                                                                                                                            ($ in millions)                                                                                   
  Foreign Exchange Contracts                                   Change in Fair Value of Derivatives                                                                $                                                    ( 34.0)      $                         10.9  
  Loss Portfolio Transfer Liability - Embedded Derivative      Change in Fair Value of Derivatives                                                                $                                                       12.9      $                         15.2  
  Derivatives designated as cash flow hedges                                                                                                                                                                                                                        
  Foreign Exchange Contracts                                   General, administrative and corporate expenses in consolidated statement of operations             $                                                     ( 0.9)      $                       ( 8.1)  
  Foreign