Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 167

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 167
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 2023, corporate and other net expenses includes other income and other expenses which were previously disclosed separately. The comparative has been re-presented to the current year presentation. The increase in corporate and other net expenses in 2023 compared to 2022 was due to increases in professional fees, IT related costs and higher letter of credit fees.

Non-operating expenses

2024, 2023 and 2022

In 2024, we incurred non-operating expenses of $29.9 million, which included expenses in relation to consulting fees paid to Apollo of $5.0 million, and non-recurring transformation and change activities of $24.9 million.

In 2023, we incurred non-operating expenses of $35.1 million, which included expenses in relation to consulting fees paid to Apollo of $5.0 million, non-recurring transformation and change activities of $25.2 million, a fixed asset write-off of $3.6 million and other non-recurring costs of $1.3 million.

In 2022, we incurred non-operating expenses of $36.0 million which included $32.7 million in relation to fixed assets, including capitalized project costs written off, $10.0 million of severance, consulting and professional services in relation to non-recurring projects and other costs, offset by $6.7 million of write backs related to leased office space.

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Investment performance

The following table sets forth a summary of total investment returns, average cash and investments and total return on average cash and investments, pre-tax for the twelve months ended December 31, 2024, 2023 and 2022.

|                                                                                      |     | Twelve Months Ended December 31,        
 2024                                    
 ($ in millions, except for percentages) |         |   |     | 2023 |         |   |     | 2022 |         |   |
|:-------------------------------------------------------------------------------------|:----|:----------------------------------------|--------:|:--|:----|:-----|--------:|:--|:----|:-----|--------:|:--|
| Net investment income                                                                |     | $                                       |   318.0 |   |     | $    |   275.7 |   |     | $    |   188.1 |   |
| Net realized and unrealized investment (losses)/gains                                |     |                                         |   -49.5 |