Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 135

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 2
Chunk 135
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 17 %19%Agriculture21,862 6 %27,483 8 %(20%)53,946 8 %50,967 7 %6%Marine and aviation12,567 3 %13,420 4 %(6%)28,267 4 %32,320 5 %(13%)Total356,290 98 %338,772 98 %5%682,692 99 %671,107 98 %2%Run-off linesCatastrophe(6)— %3,946 1 %(100%)979 — %7,429 1 %(87%)Property962 — %1,515 — %(37%)2,464 — %4,631 1 %(47%)Engineering3,224 2 %2,033 1 %59%5,069 1 %3,193 — %59%Total run-off lines4,180 2 %7,494 2 %(44%)8,512 1 %15,253 2 %(44%)Total$360,470 100 %$346,266 100 %4%$691,204 100 %$686,360 100 %1%

Net premiums earned for the three months ended June 30, 2025, increased by $14 million, or 4%, compared to the three months ended June 30, 2024. 

The increase was primarily driven by increases in gross premiums earned in credit and surety, and professional lines. These amounts were partially offset by an increase in ceded premiums earned in credit and surety lines together with a decrease in gross premiums earned in agriculture lines.

Net premiums earned for the six months ended June 30, 2025, increased by $5 million, or 1%, ($12 million, or 2%, on a constant currency basis), compared to the six months ended June 30, 2024. 

The increase was primarily driven by increases in gross premiums earned in credit and surety, and professional lines. These amounts were partially offset by increases in ceded premiums earned in credit and surety, professional lines, and liability lines together with decreases in gross premiums earned in accident and health, and catastrophe lines.

Other Insurance Related Income (Loss)

Other insurance related income for the three and six months ended June 30,