Company: AXS-PE
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001214816-25-000115
Chunk: 58

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 58
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writing income$28,913$22,676Ratios:% PointChangeCurrent accident year loss ratio, excluding catastrophe and weather-related losses68.4 %0.468.0 %Catastrophe and weather-related losses ratio0.5 %0.30.2 %Current accident year loss ratio68.9 %0.768.2 %Prior year reserve development ratio(1.2 %)(1.2)— %Net losses and loss expenses ratio67.7 %(0.5)68.2 %Acquisition cost ratio21.3 %(1.7)23.0 %Underwriting-related general and administrative expense ratio3.3 %(1.3)4.6 %Combined ratio92.3 %(3.5)95.8 %

58

Gross Premiums Written

Gross premiums written by line of business were as follows: 

  Three months ended March 31,  20252024% ChangeLiability$253,070 22 %$218,175 20 %16%Professional lines188,445 17 %146,832 14 %28%Motor124,380 11 %152,145 14 %(18%)Accident and health281,355 25 %310,792 29 %(9%)Credit and surety204,666 18 %164,043 15 %25%Agriculture48,901 4 %39,501 4 %24%Marine and aviation33,492 3 %46,134 4 %(27%)Total1,134,309 100 %1,077,622 100 %5%Run-off linesCatastrophe967 — %1,423 — %(32%)Property1,646 — %(156)— %nmEngineering1,827 — %1,033 — %77%Total run-off lines4,440 — %2,300 — %93%Total$1,138,749 100 %$1,079,922 100 %5%

nm – not meaningful

Gross premiums written for the three months ended March 31, 2025, increased by $59 million, or 5% ($60 million, or 6%, on a constant currency basis), compared to the three months ended March