Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 23

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 23
---
, with 78.0% of premium for underwriting year 2024 having been written with cedants who have maintained their reinsurance relationship with us since 2014. We believe we are viewed as a strong, reliable counterparty.

#### Strong Balance Sheet
We have an efficient capital structure and strong capitalization with $3,672 million of total capital as of December 31, 2024. We implement a disciplined and proactive approach to manage excess capital and provide opportunistic shareholder returns. In the twelve months ended December 31, 2024, we paid ordinary share dividends of $195 million in addition to Preference Share dividends. Additionally, we have strong financial strength ratings

<div align='center'>16</div>

from both A.M. Best Company, Inc. (“A.M. Best”) (“A”) and Standard & Poor’s Financial Services LLC (“S&P”) (“A-”) and maintain Group BMA Bermuda Solvency Capital Requirement (“BSCR”) above the applicable regulatory requirement as of December 31, 2024. We maintain our Group BMA BSCR significantly in excess of regulatory minimums.

The strength of our balance sheet and underwriting platform is supported by the LPT transaction with Enstar, which provides protection against deterioration on 2019 and prior accident year carried reserves, significantly limiting Aspen’s exposure to the risk of unfavorable development from these accident years while still retaining the scale, market relationships, and operational infrastructure to capitalize on current market conditions to continue to grow our business. The following chart shows our pre-2020 accident year carried reserves, as well as the LPT coverage above such carried reserves, as of September 30, 2021 and December 31, 2024.

### Highly Experienced Management Team
Led by our CEO and Executive Chair, Mark Cloutier, we have an experienced executive leadership team from diverse backgrounds, each with a specific role and purpose to drive the transformation of our business. Since Apollo’s acquisition in 2019, to align with our corporate culture and mission, each member of Aspen’s executive team has been newly appointed, through either internal promotions or new external hires. Our team has an average o f 30 years of experience across all facets of the global specialty property & casualty (re)insurance and financial services sectors, including underwriting, claims, technology, investment management, risk management, finance, brokering, actuarial, people and operations.

<div align='center'>17</div>

#### Our Strategy
As a Group, we