Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 11

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 11
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HENSIVE INCOME (LOSS) 

FOR THE YEARS ENDED DECEMBER 31, 2024, 2023, AND 2022 

 202420232022 (in thousands)Net income$1,081,786 $376,292 $223,083 Other comprehensive income (loss), net of tax:Available for sale investments:Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has not been recognized(33,030)257,940 (1,043,625)Unrealized gains (losses) arising during the year for which an allowance for expected credit losses has been recognized(248)9,583 (67,150)Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss)155,320 128,513 304,925 Unrealized gains (losses) arising during the year, net of reclassification adjustment122,042 396,036 (805,850)Foreign currency translation adjustment(23,763)(1,572)(10,986)Total other comprehensive income (loss), net of tax98,279 394,464 (816,836)Comprehensive income (loss)$1,180,065 $770,756 $(593,753)

 See accompanying notes to Consolidated Financial Statements.118

AXIS CAPITAL HOLDINGS LIMITED

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

FOR THE YEARS ENDED DECEMBER 31, 2024, 2023, AND 2022

202420232022(in thousands)Preferred sharesBalance at beginning and end of year$550,000 $550,000 $550,000 Common shares (par value)Balance at beginning and end of year2,206 2,206 2,206 Additional paid-in capitalBalance at beginning of year2,383,030 2,366,253 2,346,179 Treasury shares reissued(29,454)(40,430)(31,175)Share-based compensation expense40,487 57,207 51,249 Balance at end of year2,394,063 2,383,030 2,366,253 Accumulated other comprehensive income (loss)Balance at beginning of year(365,836)(760,300)56,536 Unrealized