Aspen Insurance Holdings Ltd. reported net income available to ordinary shareholders of $111 million, or $1.21 per diluted ordinary share, and operating income of $100 million, or $1.08 per diluted ordinary share for the third quarter ended September 30, 2025. Underwriting income for the quarter was $94 million, with a net combined ratio of 86.8%. On an adjusted basis, underwriting income was $91 million and the adjusted combined ratio was 87.3%. In the Insurance segment, underwriting income reached $48 million, with a combined ratio of 88.5%, a 3.3 percentage point improvement compared to the prior year. Adjusted underwriting income was $29 million, and the adjusted combined ratio was 92.9%. Gross written premiums in the Insurance segment were $21 million lower than the previous year, mainly due to industry rate decreases in U.S. Property and a selective approach in U.S. Primary Casualty. Fee income from Aspen Capital Markets increased during the period. The company continues to prioritize sustainable profitability and dynamic capital allocation across its platforms.