Company: AHL
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001267395-25-000019
Chunk: 313

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-19
Form: 20-F
Item: Item 18
Chunk 313
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million on related party investments (2023 - gains of $8.7million, 2022 - loss of $0.4million).

(3) General, administrative and corporate expenses includes related party management consulting fees of $5.0million (2023 - $5.0million; 2022 - $5.0million).

F-2

Table of Contents

ASPEN INSURANCE HOLDINGS LIMITED

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

For The Twelve Months Ended December 31, 2024, 2023 and 2022

($ in millions)

                                                                                 Twelve Months Ended December 31,                                                                     
                                                                                                             2024                       2023                       2022               
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Ordinary shares                                                                                                                                                                     
  Beginning of the year                                                                                         $          0.6             $          0.6             $          0.6  
  End of the year                                                                                             0.6                        0.6                        0.6               
  Preference shares (1)                                                                                                                                                               
  Beginning of the year                                                                                     753.5                      753.5                      753.5               
  Preference shares issued                                                                                  217.0                          —                          —               
  End of the year                                                                                           970.5                      753.5                      753.5               
  Additional paid-in capital                                                                                                                                                          
  Beginning of the year                                                                                     761.2                      761.2                      761.2               
  End of the year                                                                                           761.2                      761.2                      761.2               
  Retained earnings                                                                                                                                                                   
  Beginning of the year                                                                                                1,793.5                    1,349.0                    1,382.5  
  Net income for the year                                                                                   486.1                      534.7                       51.1               
  Dividends on ordinary shares                                                                           ( 195.0)                    ( 40.3)                    ( 40.0)               
  Dividends on preference shares                                                                          ( 54.9)                    ( 49.9)                    ( 44.6)               
  End of the year                                                                                                      2,029.7                    1,793.5                    1,349.0  
  Accumulated other comprehensive income:                                                                                                                                             
  Cumulative foreign currency translation