Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 12

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 12
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 capital. We adopt a dynamic capital allocation approach, utilizing our strong balance sheet and our multiple platforms across the United States, the United Kingdom (“U.K.”), Lloyd’s of London (“Lloyd’s”) and Bermuda to match risk with the most appropriate source of capital, and to drive efficiencies and optimal outcomes for our customers. Our ability to offer our broker and client partners holistic and customized solutions across our entire platform of Insurance and Reinsurance, and third-party capital offerings through ACM, provides us the opportunity to execute larger, more complex deals which frequently result in more attractive terms and conditions.

For the twelve months ended December 31, 2024, we wrote $4,609 million in gross written premiums across our Insurance and Reinsurance segments, at a combined ratio of 87.9% (adjusted combined ratio of 86.8%). Our shareholders’ equity, excluding AOCI of $(390) million and Preference Shares, net of issuance costs, with a total value of $971 million, was $2,792 million as of December 31, 2024. For the twelve months ended December 31, 2024, we generated $431 million of net income available to ordinary shareholders, representing a 19.4% return on average equity and $433 million of operating income, representing a 19.4% Op. ROE.

For the twelve months ended December 31, 2023 , we wrote $3,968 million in gross written premiums across our Insurance and Reinsurance segments, at a combined ratio of 87.5% (adjusted combined ratio 86.4%) . Our shareholders’ equity, excluding AOCI of $(400) million and Preference Shares, net of issuance costs, with a total value of $754 million, was $2,555 million as of December 31, 2023 . For the twelve months ended December 31, 2023 , we generated $485 million of net income available to ordinary shareholders, representing a 26.7% return on average equity and $368 million of operating income, representing a 20.2% Op. ROE.

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#### Our Transformation
We have progressed through a comprehensive transformation of the business since our acquisition by Apollo in February 2019, centered around a clear strategic vision that has four core tenets: (1) focused underwriting; (2) reduced volatility; (3) improved operational efficiency; and (4) culture.

• Focused Underwriting : We have significantly reduced