Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 211

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 211
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 million, largely due to the advanced payment of $275.0 million for the redemption of preference shares, and the payment of ordinary and preference share dividends of $249.9 million. This was partially offset by net proceeds of $217.0 million from the issuance of the AHL PRF Shares . At December 31, 2024, we had a balance of cash and cash equivalents of $914.2 million.

Consolidated cash flows for the twelve months ended December 31, 2023

Total net cash flow provided by operations for the twelve months ended December 31, 2023 was $324.7 million, a $379.7 million increase in cash flow from the equivalent period in 2022. The increase in cash generated through operating activities was mainly due to an improved underwriting performance, an improvement on the returns generated by our investment portfolio, and a decrease in reinsurance recoverables for payments made on gross claims and not yet collected from the reinsurer. We paid net claims of $1,173.0 million in 2023, and utilized cash of $172.2 million for investing during the period.

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Cash flows from financing activities were an outflow of $90.2 million, due to the payment of ordinary and Preference Share dividends. At December 31, 2023, we had a balance of cash and cash equivalents of $1,028.1 million.

Consolidated cash flows for the twelve months ended December 31, 2022

Total net cash flow used in operations for the twelve months ended December 31, 2022 was $55.0 million, a $579.7 million decrease in cash used from the equivalent period in 2021. The decrease in cash used in operations for the twelve months ended December 31, 2022 was mainly due to an increase in reinsurance recoverables, for payments made on gross claims and not yet collected from the reinsurer, and the repayment of our credit facility. We paid net claims of $1,291.1 million in 2022 and utilized cash of $196.5 million for investing during the period.

Cash flows from financing activities were an outflow of $84.6 million, due to the payment of ordinary and Preference Share dividends. At December 31, 2022, we had a balance of cash and cash equivalents of $959.2 million.

#### Capital Resources
We maintain our capital at an appropriate level as determined by our internal