Company: AHL
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001267395-25-000019
Chunk: 279

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-19
Form: 20-F
Item: Item 10
Chunk 279
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 purposes is generally considered a CFC if 10% U. S. Shareholders own (directly, indirectly through non-U. S. entities or constructively), in the aggregate, more than 50% of the total combined voting power of all classes of stock of that non-U. S. corporation or more than 50% of the total value of all stock of that non-U. S. corporation. However, for purposes of taking into account insurance income, these 50% thresholds are generally reduced to 25%. Further, special rules apply for purposes of taking into account any RPII of a non-U. S. corporation, as described below.

Table of Contents

Whether Aspen Holdings is a CFC for a taxable year will depend upon facts regarding our direct and indirect shareholders, about which we have limited information. Accordingly, no assurance can be provided that Aspen Holdings will not be a CFC. Further, regardless of whether Aspen Holdings is a CFC, most or all of our non-U. S. subsidiaries are generally treated as CFCs because our U. S. subsidiaries generally are treated as constructively owning the stock of our non-U. S. subsidiaries. Accordingly, any 10% U. S. Shareholders of Aspen Holdings may be required to include in gross income for U. S. federal income tax purposes for each taxable year their pro rata shares of all or a portion of the subpart F and tested income generated by our non-U. S. companies (with various adjustments), regardless of whether any distributions are made to them. Any such 10% U. S. Shareholders should consult their own tax advisors regarding the application of these rules to them.

The RPII CFC Provisions. In general, if a non-U. S. corporation is a RPII CFC at any time during a taxable year, a U. S. RPII Shareholder must include in its gross income for U. S. federal income tax purposes its pro rata share of the non-U. S. corporation’s RPII with respect to any shares that such U. S. RPII Shareholder owns (directly or indirectly through certain entities) on the last day in the non-U. S. corporation’s taxable year, even if the RPII is not distributed. Further, a U. S. RPII Shareholder’s pro rata share of any RPII is determined as if all RPII for the taxable year were distributed proportionately only