Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 67

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 67
---
147 36 %1%$1,140,894 31 %$1,119,982 33 %2%Professional lines343,370 18 %299,087 16 %15%600,529 17 %535,752 16 %12%Liability365,542 19 %311,563 17 %17%669,300 19 %599,268 18 %12%Cyber136,562 7 %164,518 9 %(17%)250,507 7 %297,454 9 %(16%)Marine and aviation224,393 12 %219,850 12 %2%491,544 14 %481,860 14 %2%Accident and health126,985 7 %101,243 6 %25%251,826 7 %205,849 6 %22%Credit and political risk90,107 5 %76,658 4 %18%183,737 5 %148,406 4 %24%Total$1,932,435 100 %$1,814,066 100 %7%$3,588,337 100 %$3,388,571 100 %6%

Gross premiums written for the three months ended June 30, 2025 increased by $118 million, or 7% ($116 million, or 6%, on a constant currency basis(1)), compared to the three months ended June 30, 2024. The increase was primarily attributable to liability, professional lines, accident and health, credit and political risk, marine and aviation, and property lines, partially offset by a decrease in cyber lines.

The increase in liability lines was driven by new U.S. excess casualty business and the timing of renewals of two significant contracts.

The increase in professional lines was due to new U.S. design professional, Allied Health and environmental business, a higher level of activity in transactional liability business, new program business and a higher level of premiums associated with renewed program business.

The increase in accident and health lines was attributable to a higher level of premiums and increased rate associated with renewed pet insurance business together with new pet insurance business. 

The increase in credit and political risk lines was driven by a higher level of premiums associated with renewed surety program business and new political risk business at L