Company: AHL
Filing Date: 2025-03-20
Form Type: F-1/A
Source: 0001628280-25-014149
Chunk: 140

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-20
Form: F-1/A
Chunk 140
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, 2024, was 4.2% compared with 3.8% as at December 31, 2023.

For the year ended December 31, 2024, the Company recognized net realized and unrealized investment losses of $49.5 million (2023 — gains of $14.5 million). This is largely due to realized losses resulting from the active rotations of the investment portfolio and our privately-held investments, partially offset by unrealized gains attributable to market movements.

Shareholders Equity. Our continued strong performance further enhanced our balance sheet strength which allowed Aspen to pay ordinary share dividends of $195.0 million to Highlands Bermuda Holdco, Ltd. in the twelve months ended December 31, 2024. This is compared to $41.1 million of ordinary share dividends the Company paid during the twelve months ended December 31, 2023.

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Table of C ontents

LPT Agreement

On January 10, 2022, the Company entered into the LPT agreement with Enstar. The LPT resulted in Enstar assuming net loss reserves of $3,120.0 million, for losses with dates of loss on or prior to December 31, 2019, subject to a limit of $3,570.0 million. The existing ADC between the parties that closed in June 2020 was absorbed into the LPT. The LPT transaction closed on May 20, 2022, following receipt of regulatory approvals and satisfaction of various other closing conditions.

The LPT transaction has positively impacted the Aspen Group’s overall capital position and enabled the deployment of capital into the continued attractive market environment, while significantly improving the protection of its balance sheet and future earnings from the potential impact of the reserve volatility on 2019 and prior accident years.

As at December 31, 2024, we estimate that we have approximately $379.0 million of remaining limit available under the terms of the LPT (As at December 31, 2023 — $420.0 million).

Increased Lloyd’s Capacity

Following a successful business planning process with Lloyd’s, we have significantly grown our Lloyd’s capacity to £1,300.0 million for the 2025 year of account from £566.0 million in 2018. In 2022, the Company expanded the scale of business written via our Lloyd’s syndicate, including a significant book of reinsurance that was previously written by Aspen UK, which was in line with