Company: AHL
Filing Date: 2025-03-20
Form Type: F-1/A
Source: 0001628280-25-014149
Chunk: 489

Company: ASPEN INSURANCE HOLDINGS LTD
Filing Date: 2025-03-20
Form: F-1/A
Chunk 489
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center'>F-70</div>

#### 21.

#### Commitments and Contingent Liabilities
(a) Restricted assets

The Company’s subsidiaries are obliged by the terms of its contractual obligations to U.S. policyholders and by obligations to certain regulatory authorities to facilitate issue of letters of credit or maintain certain balances in trust funds for the benefit of policyholders.

The following table details the forms and values of the Company’s material restricted assets as at December 31, 2024 and 2023:

|                                                     |     |                                        | As at December 31, 2024 |   |     |   | At December 31, 2023 |   |
|:----------------------------------------------------|:----|:---------------------------------------|------------------------:|:--|:----|:--|---------------------:|:--|
|                                                     |     | -$ in millions, except for percentages |                         |   |     |   |                      |   |
| Regulatory trusts and deposits:                     |     |                                        |                         |   |     |   |                      |   |
| Affiliated transactions                             |     | $                                      |                   433.4 |   |     | $ |                660.8 |   |
| Third party                                         |     |                                        |                 2,713.5 |   |     |   |              2,714.4 |   |
| Letters of credit / guarantees(1)                   |     |                                        |                   153.2 |   |     |   |                172.0 |   |
| Total restricted assets (excluding illiquid assets) |     | $                                      |                 3,300.1 |   |     | $ |              3,547.2 |   |
| Other investments — illiquid assets                 |     |                                        |                   267.2 |   |     |   |                209.3 |   |
| Total restricted assets and illiquid assets         |     | $                                      |                 3,567.3 |   |     | $ |              3,756.5 |   |
| Total as percentage of cash and invested assets(2)  |     |                                        |                    46.4 | % |     |   |                 50.2 | % |

________________

(1) As at December 31, 2024, the Company had pledged funds of $ 153.2million (December 31, 2023 — $ 172.0million) as collateral