Company: AXS-PE
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001214816-25-000181
Chunk: 66

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 66
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42025% Change2024Revenues:Gross premiums written$1,691,88211%$1,526,676$5,280,2207%$4,915,247Net premiums written1,084,94711%975,9113,420,0387%3,192,462Net premiums earned1,085,6126%1,023,8513,128,6588%2,900,011Other insurance related income 261nm93424nm53Expenses:Current accident year net losses and loss expenses(610,650)(606,663)(1,763,702)(1,646,118)Prior year reserve development14,8434,00944,0364,008 Acquisition costs(205,440)(203,255)(594,372)(567,310)Underwriting-related general and administrative expenses(131,326)(119,249)(375,564)(353,230)Underwriting income$153,300$98,786$439,480$337,414 Ratios:% PointChange% PointChangeCurrent accident year loss ratio, excluding catastrophe and weather-related losses52.3 %—52.3 %52.3 %0.252.1 %Catastrophe and weather-related losses ratio3.9 %(3.1)7.0 %4.1 %(0.6)4.7 %Current accident year loss ratio56.2 %(3.1)59.3 %56.4 %(0.4)56.8 %Prior year reserve development ratio(1.3%)(0.9)(0.4%)(1.4%)(1.2)(0.2%)Net losses and loss expenses ratio54.9 %(4.0)58.9 %55.0 %(1.6)56.6 %Acquisition cost ratio18.9 %(1.0)19.9 %19.0 %(0.6)19.6 %Underwriting-related general and administrative expense ratio12.1 %0.511.6 %12.0 %(0.2)12.2 %Combined ratio85.9 %(4.5)90.4 %86.0 %(2.4)88.4 %

nm – not meaningful

Gross Premiums Written

Gross premiums written by