Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 134

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 2
Chunk 134
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 June 30, 2025, compared to the three months ended June 30, 2024.

Ceded premiums written for the six months ended June 30, 2025, was 672 million, or 39%, of gross premiums written, compared to $627 million, or 37%, of gross premiums written for the six months ended June 30, 2024. The increase in ceded premiums written of 45 million, or 7%, was primarily driven by increases in liability, credit and surety, and professional lines, partially offset by decreases in motor, and accident and health lines.

The increases in liability, credit and surety, and professional lines reflected the increase in gross premiums written in the six months ended June 30, 2025, compared to the six months ended June 30, 2024, and the restructuring of significant quota share retrocession treaties with strategic capital partners.

The decrease in motor lines reflected the decrease in gross premiums written in the six months ended June 30, 2025, compared to the six months ended June 30, 2024, and the restructuring of two significant quota share retrocession treaties with strategic capital partners.

The decrease in accident and health lines reflected the decrease in gross premiums written in the six months ended June 30, 2025, compared to the six months ended June 30, 2024.

68

Net Premiums Earned

Net premiums earned by line of business were as follows:

  Three months ended June 30,Six months ended June 30,  2025  2024  % Change2025  2024  % ChangeLiability$80,684 22 %$80,729 23 %—%$154,824 22 %$165,148 24 %(6%)Professional lines51,829 14 %42,727 12 %21%95,005 14 %79,622 12 %19%Motor32,255 9 %31,297 9 %3%61,532 9 %63,120 9 %(3%)Accident and health81,110 23 %81,813 24 %(1%)150,097 22 %162,829 24 %(8%)Credit and surety75,983 21 %61,303 18 %24%139,021 20 %117,101