Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 130

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 130
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 to meet

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our liabilities as they become due and if the realizable value of our assets would thereby not be less than our liabilities. Additionally, as the BMA is the group supervisor for the Aspen Group for insurance group solvency and reporting requirements, we may not be able to declare or pay a dividend if we are or, after giving effect to such payment, would be in breach of applicable group solvency and liquidity requirements or our target level of capital above the applicable group enhanced capital requirements (“ECR”) or such other applicable rules, regulations or restrictions as may from time to time be issued or imposed by the BMA (or any successor agency or other then applicable regulatory authority) pursuant to the terms of the Bermuda Insurance Act 1978, as amended (the “Insurance Act”) or any successor legislation or other then applicable law or regulation. For more information regarding risk factors that could materially and adversely affect us and our ability to pay dividends on our ordinary shares, please see “Risk Factors.”

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### CAPITALIZATION
The following table sets forth our cash and cash equivalents and consolidated capitalization as of December 31, 2024 on an actual basis after applying the effects of the Exchange retroactively and on an as-adjusted basis giving effect to the redemption of our AHL PRC Shares on January 1, 2025.

You should read the following table in conjunction with the sections entitled “Summary Financial and Operating Data” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” as well as our consolidated financial statements and accompanying notes included elsewhere in this prospectus.

|                                                                                                                                                                                                                         |     | As at December 31, 2024             |         |       |     |             |         |       |
|:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:------------------------------------|--------:|------:|:----|:------------|--------:|------:|
|                                                                                                                                                                                                                         |     | Actual                              |         |       |     | As Adjusted |         |       |
|                                                                                                                                                                                                                         |     | -in millions, except for share data |         |       |     |             |         |       |
| Cash and Cash Equivalents(1)                                                                                                                                                                                            |     | $                                   |   914.2 |       |     | $           |   914.2 |       |
| Long-term Debt Obligations(2):                                                                                                                                                                                          |     |                                     |         |       |