Company: AXS-PE
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001214816-25-000181
Chunk: 132

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 2
Chunk 132
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%nm689 1 %9,595 — %(93%)Property651 — %1,981 1 %(67%)3,116 — %6,612 1 %(53%)Engineering927 1 %3,078 1 %(70%)5,996 1 %6,270 1 %(4%)Total run-off lines1,288 — %7,226 2 %(82%)9,801 2%22,477 2 %(56%)Total$366,271 100 %$342,850 100 %7%$1,057,475 100 %$1,029,210 100 %3%

Net premiums earned for the three months ended September 30, 2025, increased by $23 million, or 7% ($19 million, or 6%, on a constant currency basis), compared to the three months ended September 30, 2024. The increase was primarily driven by increases in gross premiums earned in liability, and credit and surety lines, partially offset by an increase in ceded premiums earned in liability lines.

Net premiums earned for the nine months ended September 30, 2025, increased by $28 million, or 3%, compared to the nine months ended September 30, 2024. The increase was primarily driven by increases in gross premiums earned in credit and surety, professional lines, agriculture lines, together with decreases in ceded premiums earned in motor, and accident and health lines. These amounts were partially offset by decreases in gross premiums earned in accident and health, catastrophe, marine and aviation, and motor lines, together with increases in ceded premiums earned in credit and surety, and professional lines.

Other Insurance Related Income (Loss)

Other insurance related income for the three and nine months ended September 30, 2025 of $6 million and $18 million, respectively, compared to other insurance related income for the three and nine months ended September 30, 2024 of $7 million and $24 million, respectively, was primarily associated with fees related to arrangements with strategic capital partners.

Loss Ratio

The components of the loss ratio were as follows:

  Three months ended September 30,Nine months ended September 30,  2025% PointChange20242025% PointChange2024Current accident year loss ratio68.2 %0.268.0 %68.