Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 176

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 176
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                                  |   408.8 |     |          |  6.4 | % |     |                 |   384.2 |     |          | -10.4 | % |     |                 |   428.8 |
| Specialty reinsurance            |     |                                  |   283.5 |     |          | 34.2 | % |     |                 |   211.3 |     |          | -50.5 | % |     |                 |   426.9 |
| Total                            |     | $                                | 1,885.8 |     |          | 24.0 | % |     | $               | 1,521.0 |     |          | -15.8 | % |     | $               | 1,807.0 |

2024 compared to 2023

Gross written premiums increased by 24.0% in 2024 compared to 2023. The increase in casualty reinsurance is driven by increases across all casualty reinsurance business lines, due to a combination of new business growth, growth with existing clients and favorable renewals pricing. The increase in property catastrophe reinsurance was primarily due to a stronger rate environment coupled with new business growth. The increase in other property reinsurance was primarily due to new business growth coupled with positive premium adjustments, partially offset by a reduction in reinstatement premiums. The increase in specialty reinsurance was primarily due to new business growth in the mortgage reinsurance, technical lines, and marine portfolios.

2023 compared to 2022

Gross written premiums decreased by 15.8% in 2023 compared to 2022. The increase in property catastrophe reinsurance was primarily due to a stronger rate environment, largely offset by a reduction in exposure. The decreases in other property reinsurance, casualty reinsurance and specialty reinsurance were mainly due to planned exposure management initiatives and portfolio optimization in response to market conditions. These actions resulted in reducing premiums in mortgage by $137.6 million, proportional property by $51.5 million and U.S. casualty by $27.9 million. Further reductions in gross written premiums were due to management’s decision to discontinue writing certain lines of business, primarily in aviation of $48.4 million, and space and bloodstock of $16.4 million.

Ceded written premiums

2024 compared to 2023

Total ceded written premiums in 2024 were $610.1 million, an increase of $187.