Company: AXS-PE
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001214816-25-000181
Chunk: 28

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 28
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,649 $64,018 $43,232 Equity securities— 1,667 40,100 32,292 Gross realized investment gains22,486 24,316 104,118 75,524 Gross realized investment lossesFixed maturities, short-term investments, and cash and cash equivalents(11,884)(22,589)(91,297)(119,108)Equity securities— (7,539)(11,590)(15,251)Mortgage loans— (4,275)— (4,275)Gross realized investment losses(11,884)(34,403)(102,887)(138,634)(Increase) decrease in allowance for expected credit losses, fixed maturities, available for sale347 209 (757)6,338 (Increase) decrease in allowance for expected credit losses, mortgage loans(5,822)(1,343)(9,781)(15,771)Impairment losses(1)(63)(14)(2,389)(178)Change in fair value of investment derivatives(2)169 (870)(1,282)153 Net unrealized gains (losses) on equity securities25,672 44,287 57,343 42,065 Net investment gains (losses)$30,905 $32,182 $44,365 $(30,503)(1) Related to instances where the Company intends to sell securities or it is more likely than not that the Company will be required to sell securities before their anticipated recovery.(2) Refer to Note 5 'Derivative Instruments'.The following table provides a reconciliation of the beginning and ending balances of the allowance for expected credit losses on fixed maturities classified as available for sale:  Three months ended September 30,Nine months ended September 30,  2025202420252024Balance at beginning of period$5,043 $4,631 $3,938 $10,759 Expected credit losses on securities where credit losses were not previously recognized466 325 2,125 604 Additions (reductions) for expected credit losses on securities where credit losses were previously recognized(607)(451)(904)(1,858)Impairments of securities which the Company intends to sell or more likely than not will be required to sell— — — — Securities sold/redeemed/matured(206)(83