Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 70

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 70
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 partially offset by decreases in property, and marine and aviation lines.

The increase in accident and health lines was attributable to a new quota share treaty and the increase in gross premiums written for the six months ended June 30, 2025, compared to the six months ended June 30, 2024.

The increase in liability lines reflected the increase in gross premiums written for the six months ended June 30, 2025, compared to the six months ended June 30, 2024, partially offset by the restructuring of a significant existing quota share treaty

The increase in credit and political risk, and professional lines reflected the increase in gross premiums written for the six months ended June 30, 2025, compared to the six months ended June 30, 2024.

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The increase in cyber lines was due to higher costs associated with an excess of loss treaty for the six months ended June 30, 2025, compared to the six months ended June 30, 2024, partially offset by the decrease in gross premiums written for the six months ended June 30, 2025, compared to the six months ended June 30, 2024.

The decrease in property lines was due to the restructuring of a significant existing quota share treaty, partially offset by the increase in gross premiums written for the six months ended June 30, 2025, compared to the six months ended June 30, 2024. 

The decrease in marine and aviation lines was attributable to reinstatement premiums associated with losses and loss expenses for the six months ended June 30, 2024.

Net Premiums Earned 

Net premiums earned by line of business were as follows:

  Three months ended June 30,Six months ended June 30,  20252024%Change20252024%ChangeProperty$332,581 32 %$274,069 28 %21%$650,915 32 %$527,662 28 %23%Professional lines211,837 21 %199,894 21 %6%414,479 20 %396,474 21 %5%Liability128,055 12 %120,138 13 %7%246,207 12 %244,778 13 %1%Cyber79,165 8 %86,289 9 %(8%)158,372 8 %169,148 9 %(6%)