Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 15

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 15
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629$68,192306,821Net investment income395,009358,358Net investment gains (losses)13,462(62,687)Corporate expenses(54,562)(53,252)Foreign exchange (losses) gains(151,920)30,936Interest expense and financing costs(33,158)(34,157)Reorganization expenses—(26,312)Amortization of intangible assets(5,125)(5,458)Income before income taxes and interest in income of equity method investments516,362514,249Income tax (expense) benefit(100,521)84,107Interest in income of equity method investments1,5869,069Net income417,427607,425Preferred share dividends15,12515,125Net income available to common shareholders$402,302$592,300Current accident year loss ratio56.4 %68.4 %59.5 %55.4 %66.3 %58.3 %Prior year reserve development ratio(1.4)%(1.3)%(1.4)%— %— %— %Net losses and loss expenses ratio55.0 %67.1 %58.1 %55.4 %66.3 %58.3 %Acquisition cost ratio19.0 %21.9 %19.8 %19.4 %22.6 %20.3 %General and administrative expense ratio12.0 %3.1 %11.6 %12.5 %3.6 %12.2 %Combined ratio86.0 %92.1 %89.5 %87.3 %92.5 %90.8 %Goodwill and intangible assets$237,340$—$237,340$282,227$—$282,227

15

Table of  ContentsAXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)3.    INVESTMENTS

 a)      Fixed Maturities, Available for SaleThe following table provides the amortized cost and fair values of the Company's fixed maturities classified as available for sale:AmortizedcostAllowance for expected credit lossesGrossunrealizedgainsGrossunrealizedlossesFairvalueAt June 30, 2025Available for sale