Company: AHL
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001267395-25-000019
Chunk: 364

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-19
Form: 20-F
Item: Item 18
Chunk 364
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15, and 20, 2023, Aspen Bermuda and Aspen UK each signed a Global Master Repurchase Agreement with two selected banks to enable bilateral repurchase agreement to be entered, with cash and US Government Bonds as eligible collateral for the margin transfer. Advances may be used to support general corporate purposes. As of December 31, 2024, no active repurchase agreement has been entered with either of the banks.

The above credit facilities include certain restrictive covenants customary for facilities of this type, including restrictions on indebtedness, consolidated tangible net worth, and minimum financial strength ratings, with such financial covenants largely consistent with these set forth in the Credit Agreement. In addition, the agreements include default covenants, which could require the Company to fully secure the outstanding amounts thereunder and/or result in the Company not being allowed to issue any new letters of credit.

At December 31, 2024, no conditions of default existed under these facilities.

Debt Facilities

On July 26, 2023, the Company entered into a $ 300.0 20.5 3.0

The following table summarizes our contractual obligations under long-term debt as at December 31, 2024.

                                  Payments Due By Period                                                                                        
  Contractual Basis               Less than 1 year            1-3 years                 3-5 years      More than 5 years      Total             
                                  ($ in millions)                                                                                               
  Long-term Debt Obligations      $                           $              300.0      $              $                      $          300.0  

F-59

Table of Contents

25. Allowance for Expected Credit Losses

The following tables summarize the Company’s allowance for expected credit losses for the twelve months ended December 31, 2024 and December 31, 2023 in available for sale investments, reinsurance recoverables and receivables:

  Available for Sale Investments                                                                                         December 31,                                   
                                                                                                                         2024                          2023             
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                                         ($ in millions)                                
  Balance at the beginning of the period                                                                                 $                    2.9      $           7.7  
  Additions to the allowance for credit losses on securities for which credit losses were not previously recognized      0.3                           0.3              
  Decreases to the allowance for credit losses on securities that had an allowance in the