Company: AHL
Filing Date: 2025-03-20
Form Type: F-1/A
Source: 0001628280-25-014149
Chunk: 11

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-20
Form: F-1/A
Chunk 11
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 operating return on average equity (“Op. ROE”) of 19.4% for the twelve months ended December 31, 2024. We also had a combined ratio of 87.5% (adjusted combined ratio of 86.4%), return on average equity adjusted for Preference Share dividends of 26.7% and Op. ROE of 20.2% for the twelve months ended December 31, 2023.

Our primary specialty insurance product set is centered around niche specialty lines, such as credit and political risk, cyber, environmental and professional liability, where we can apply our extensive underwriting and industry expertise. Our opportunistic reinsurance business is centered around both specialty and traditional reinsurance lines where we apply risk selection criteria to create unique risk profiles rather than an index of the market as other larger peers may do. Our size presents a distinct advantage, providing us with enough scale to be relevant while still maintaining the ability to be nimble and decisive, which enables us to enter, exit or change the nature of our underwriting positions faster and with greater precision. Our gross written premiums for our Insurance and Reinsurance segments were $2,724 million and $1,886 million, respectively, for the twelve months ended December 31, 2024, and $2,447 million and $1,521 million, respectively, for the twelve months ended December 31, 2023.

Through our ‘One Aspen’ approach, we actively manage our insurance and reinsurance portfolios across market cycles and identify the most attractive risk versus return opportunities to allocate 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 accumulated other comprehensive income/(loss) (“AOCI”) of $(390) million and Preference Shares