Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 468

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 468
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 | $    |  357.2 |
| Deferred tax liabilities:                               |     |                    |       |     |      |        |
| Intangible assets                                       |     | $                  |  -0.2 |     | $    |      — |
| Deferred acquisition costs                              |     |                    | -31.0 |     |      |  -32.4 |
| Right-of-use operating lease assets                     |     |                    | -10.4 |     |      |  -10.4 |
| Insurance reserves: Losses and loss adjustment expenses |     |                    |     — |     |      |   -0.1 |
| Other temporary differences                             |     |                    |  -3.4 |     |      |   -3.3 |
| Total deferred tax (liabilities)                        |     | $                  | -45.0 |     | $    |  -46.2 |
| Net deferred tax assets                                 |     | $                  | 396.8 |     | $    |  311.0 |

Deferred tax liabilities and assets represent the tax effect of carryforwards and temporary differences between the value of assets and liabilities for financial statement purposes and such values as measured by U.K., U.S., Bermuda and other tax laws and regulations.

In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences and carry forwards become deductible or creditable. Management considers the scheduled reversal of existing taxable temporary differences, carryback availability, projected future taxable income, and tax-planning strategies in making this assessment.

As at December 31, 2024, the Company has net operating losses carryforwards for U.S. federal income tax purposes of $324.8 million (2023 — $354.9 million), of which $247.2 million relates to the U.S. operating subsidiaries and $77.6 million to Aspen UK’s U.S. branch. The Company also has net operating losses carryforwards for U.K. corporate tax purposes of $249.5 million (2023 — $248.1 million), deferred syndicate losses of $29.3 million (2023 — $64.5 million profits), and losses in other jurisdictions of $86.1 million (2023 — $97.8 million losses