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Capital Structure
 6 Months Ended
Jun. 30, 2023
Equity [Abstract]  
Capital Structure Capital Structure
The following table provides a summary of the Company’s authorized and issued share capital as at December 31, 2022 and 2021:
As at December 31, 2022At December 31, 2021
Number$ in
Thousands		Number$ in
Thousands
Authorized share capital:
Ordinary Shares $0.01 per share (2021 — $0.01 per share)
70,000,000 700 70,000,000 700 
Preference Shares 0.15144558¢ per share
30,000,000 45 30,000,000 45 
Total authorized share capital745 745 
Issued share capital:
Issued ordinary shares $0.01 per share (2021 — $0.01 per share)
60,395,839 604 60,395,839 604 
Issued 5.950% preference shares of 0.15144558¢ each with a liquidation preference of $25 per share
11,000,000 17 11,000,000 17 
Issued 5.625% preference shares of 0.15144558¢ each with a liquidation preference of $25 per share
10,000,000 15 10,000,000 15 
Issued 5.625% preference shares of 0.15144558¢ represented by depositary shares, each with a liquidation preference of $25 per share (1)
10,000 — 10,000 — 
Total issued share capital636 636 
________________
(1)Each depositary share represents a 1/1000th interest in a share of the 5.625% preference shares.
(a)Ordinary Shares
Issued Ordinary Shares. The Company’s issued ordinary shares of par value $0.01 at both December 31, 2022 and 2021 was 60,395,839. The Company did not acquire any ordinary shares for the twelve months ended December 31, 2022.
(b)Preference Shares 
Preference Shares Issuance. On May 2, 2013, the Company issued 11,000,000 5.950% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares, with a liquidation preference of $25 per share (the “5.950% Preference Shares”). Net proceeds were $270.6 million, consisting of $275.0 million of total liquidation preference less $4.4 million of issuance expenses. The 5.950% Preference Shares are listed on the NYSE under symbol “AHLPRC”.
On September 20, 2016, the Company issued 10,000,000 shares of 5.625% Perpetual Non-Cumulative Preference Shares (the “5.625% Preference Shares”). The 5.625% Preference Shares have a liquidation preference of $25 per share. Net proceeds were $241.3 million, consisting of $250.0 million of total liquidation preference less $8.7 million of issuance expenses. The 5.625% Preference Shares are listed on the NYSE under the symbol “AHL PRD”.
On August 13, 2019, the Company issued 10,000,000 depositary shares, each of which represents 1/1000th interest in a share of the newly designated 5.625% Perpetual Non-Cumulative Preference Shares. The depositary shares have a liquidation preference of $25 per share. Net proceeds were $241.6 million, comprising $250.0 million
of total liquidation preference less $8.4 million of issuance expenses. The depositary shares are listed on the NYSE under the symbol “AHL PRE”.
(c)Additional Paid-in Capital 
Additional paid-in capital as at December 31, 2022 was $1,514.7 million (December 31, 2021 — $1,514.7 million). Included within additional paid-in capital is the aggregate liquidation preferences of the Company’s preference shares of $775.0 million less issue costs of $21.5 million (December 31, 2021 — $775.0 million less issue costs of $21.5 million).
Capital Structure
The following table provides a summary of the Company’s authorized and issued share capital as at June 30, 2023 and December 31, 2022:
As at June 30, 2023As at December 31, 2022
Number$ in
Thousands		Number$ in
Thousands
Authorized share capital:
Ordinary Shares $0.01 per share (2022 — $0.01 per share)
70,000,000 700 70,000,000 700 
Preference Shares 0.15144558¢ per share
30,000,000 45 30,000,000 45 
Total authorized share capital745 745 
Issued share capital:
Issued ordinary shares $0.01 per share (2022 — $0.01 per share)
60,395,839 604 60,395,839 604 
Issued 5.950% preference shares of 0.15144558¢ each with a liquidation preference of $25 per share
11,000,000 17 11,000,000 17 
Issued 5.625% preference shares of 0.15144558¢ each with a liquidation preference of $25 per share
10,000,000 15 10,000,000 15 
Issued 5.625% preference shares of 0.15144558¢ represented by depositary shares, each with a liquidation preference of $25 per share (1)
10,000 — 10,000 — 
Total issued share capital636 636 
__________________
(1)Each depositary share represents a 1/1000th interest in a share of the 5.625% preference shares.
(a)Ordinary Shares
Issued Ordinary Shares. The Company’s issued ordinary shares of par value $0.01 at both June 30, 2023 and December 31, 2022 was 60,395,839. The Company did not acquire any ordinary shares for the six months ended June 30, 2023.
(b)Preference Shares 
Preference Shares Issuance. On May 2, 2013, the Company issued 11,000,000 5.950% Fixed-to-Floating Rate Perpetual Non-Cumulative Preference Shares, with a liquidation preference of $25 per share (the “5.950% Preference Shares”). Net proceeds were $270.6 million, consisting of $275.0 million of total liquidation preference less $4.4 million of issuance expenses. The first floating rate-period commenced on July 1, 2023 (payable on October 1, 2023), where the floating rate was tied to LIBOR, being 3-month LIBOR, and as contemplated by the governing instrument, 3-month LIBOR was the rate for 3-month deposits in U.S. dollars on June 29, 2023. The 5.950% Preference Shares are listed on the NYSE under symbol “AHLPRC”.
On September 20, 2016, the Company issued 10,000,000 shares of 5.625% Perpetual Non-Cumulative Preference Shares (the “5.625% Preference Shares”). The 5.625% Preference Shares have a liquidation preference of $25 per share. Net proceeds were $241.3 million, consisting of $250.0 million of total liquidation preference less $8.7 million of issuance expenses. The 5.625% Preference Shares are listed on the NYSE under the symbol “AHL PRD”.
On August 13, 2019, the Company issued 10,000,000 depositary shares, each of which represents 1/1000th interest in a share of the newly designated 5.625% Perpetual Non-Cumulative Preference Shares. The depositary
shares have a liquidation preference of $25 per share. Net proceeds were $241.6 million, comprising $250.0 million of total liquidation preference less $8.4 million of issuance expenses. The depositary shares are listed on the NYSE under the symbol “AHL PRE”.