Company: AHL
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001628280-25-023859
Chunk: 212

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-05-08
Form: 424B4
Chunk 212
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 risk appetite and the financial strength required by our customers, regulators and rating agencies, sufficient to address such capital requirements during 2025 and in light of projected capital requirements for the period thereafter. We monitor and review the Aspen Group and the Operating Subsidiaries’ capital and liquidity positions on an ongoing basis. The following table shows our capital structures as at December 31, 2024 compared to December 31, 2023:

|                                                                                                     |     |                | As at December 31, 2024 |     |   | As at December 31, 2023 |
|:----------------------------------------------------------------------------------------------------|:----|:---------------|------------------------:|:----|:--|------------------------:|
|                                                                                                     |     | -$ in millions |                         |     |   |                         |
| Share capital, additional paid-in capital, retained income and accumulated other comprehensive loss |     | $              |                 2,401.4 |     | $ |                 2,155.0 |
| Preference shares (net of issue costs)                                                              |     |                |                   970.5 |     |   |                   753.5 |
| Long-term debt                                                                                      |     |                |                   300.0 |     |   |                   300.0 |
| Total capital                                                                                       |     | $              |                 3,671.9 |     | $ |                 3,208.5 |

As at December 31, 2024, total shareholders’ equity was $3,371.9 million compared to $2,908.5 million as at December 31, 2023. Our total shareholders’ equity as at December 31, 2024 includes four classes of preference shares with a total value of $970.5 million net of share issuance costs (December 31, 2023 — $753.5 million, three classes of preference shares).

On November 26, 2024, the Company issued 9,000 AHL PRF Shares, which are represented by 9,000,000 AHL PRF Depositary Shares, each of which represents a 1/1000 th interest in an AHL PRF Share. Each AHL PRF Share has a liquidation preference of $25,000 per share, equivalent to $25 per AHL PRF Depositary Share. Net proceeds were $217.0 million, comprising $225.0 million of total liquidation preference less $8.0 million of issuance expenses. The depositary shares