Company: AHL
Filing Date: 2025-04-29
Form Type: F-1/A
Source: 0001628280-25-020463
Chunk: 143

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-04-29
Form: F-1/A
Chunk 143
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 our pricing and reserving of loss costs. Unlike inflation, where economic price indices over a time period can be measured and monitored, social inflation is difficult to explicitly measure over time and to project. It is caused by a broad set of underlying drivers, such as increasing litigation costs, outsized jury awards and litigation funding. U.S. litigation is fueled by a growing influx of third-party capital, enabling plaintiffs to pursue more cases, staff them with more experts and lawyers, and extend their lifespan. The increasingly litigious environment is further fueled by a rise in anti-corporate sentiment. There is an observed tendency to attribute fault to corporate actors for accidents, even if they did not directly cause the accident. COVID-19 further distorted the current exposure landscape. While the pandemic period offered some reprieve in terms of frequency loss reduction and fewer excessive judicial verdicts, this was only temporary. In 2020, cases slowed amid court closures and public health measures associated with the COVID-19 pandemic. At present, court data suggests that a large proportion of injury cases remain unresolved in the court system and will work their way through over time. Uncertainty about the impact of social inflation on loss costs is something we are monitoring closely and that could have an effect on our results and financial condition.

Leadership, Talent and Culture

We continue to strive to establish a culture at Aspen that attracts and retains the very best talent. Of critical importance is that we continue to build an inclusive environment that encourages and empowers our people, while

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also taking steps to consider how we can best manage our impact on the environment and positively affect the communities we serve. In 2024, we continued to implement programs to better understand our workforce and ensure an inclusive working environment. We have established employee-led gender and ethnicity communities, which are open to all employees, across the United Kingdom, the United States and Bermuda. Also, in 2024, we published our third Sustainability Report, building on the work started in 2021. We believe the report shows steady progress across all three pillars of ESG considerations, and the continued focus on embedding ESG and sustainability into Aspen’s strategy and values.

#### Recent Trends and Outlook
Trend Information

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 U.K., Lloyd’s and Bermuda to match risk