Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 146

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 146
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 provide a fair and equitable transition into the tax regime, and results in a deferred tax benefit for the Company. Pursuant to this legislation, the Company recorded a net deferred tax asset in the fourth quarter of 2023. On January 15, 2025, the OECD issued administrative guidance on Article 9.1 of the GloBE Rules. This guidance, if incorporated into the laws of the jurisdictions in which we operate, could cause additional top-up taxes pursuant to the GloBE Rules to the extent the net deferred tax asset we established upon enactment of the CIT in 2023 pursuant to the economic transition adjustment reverses after 2026. It is uncertain whether the jurisdictions in which we operate will incorporate this guidance. Further, the amount of such deferred tax asset that reverses in any given year, if any, is uncertain. To the extent the jurisdictions in which we operate incorporate this guidance into their own laws, our overall cash tax savings from the reversal of the deferred tax asset could be limited to the lesser of 20% of the gross deferred tax asset or the portion of the deferred tax asset that reverses in 2025 and 2026.

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Consolidated Group Result for the twelve months ended December 31, 2024, 2023 and 2022

| Underwriting Revenues                                       |     | Twelve Months Ended December 31,        
 2024                                    
 ($ in millions, except for percentages) |          |   |     | 2023 |          |   |     | 2022 |          |   |
|:------------------------------------------------------------|:----|:----------------------------------------|---------:|:--|:----|:-----|---------:|:--|:----|:-----|---------:|:--|
| Gross written premiums                                      |     | $                                       |  4,609.3 |   |     | $    |  3,967.6 |   |     | $    |  4,338.7 |   |
| Net written premiums                                        |     |                                         |  2,942.6 |   |     |      |  2,581.9 |   |     |      |  2,896.0 |   |
| Net earned premiums                                         |     |                                         |  2,889.7 |   |     |      |  2,614.5 |   |     |      |  2,688.7 |