Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 8

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 8
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 since 2001.

115

AXIS CAPITAL HOLDINGS LIMITED

CONSOLIDATED BALANCE SHEETS

DECEMBER 31, 2024 AND 2023 20242023 (in thousands)AssetsInvestments:Fixed maturities, available for sale, at fair value     (Amortized cost 2024: $12,419,905; 2023: $12,634,254     Allowance for expected credit losses 2024: $3,938; 2023: $10,759)$12,152,753 $12,234,742 Fixed maturities, held to maturity, at amortized cost    (Fair value 2024: $436,751; 2023: $675,851    Allowance for expected credit losses 2024: $nil; 2023: $nil)443,400 686,296 Equity securities, at fair value     (Cost 2024: $520,743; 2023: $543,833)579,274 588,511 Mortgage loans, held for investment, at fair value     (Allowance for expected credit losses 2024: $23,378; 2023: $6,220)505,697 610,148 Other investments, at fair value930,278 949,413 Equity method investments206,994 174,634 Short-term investments, at fair value223,666 17,216 Total investments15,042,062 15,260,960 Cash and cash equivalents2,143,471 953,476 Restricted cash and cash equivalents920,150 430,509 Accrued interest receivable114,012 106,055 Insurance and reinsurance premium balances receivable     (Allowance for expected credit losses 2024: $17,339; 2023: $11,997)3,169,355 3,067,554 Reinsurance recoverable on unpaid losses and loss expenses     (Allowance for expected credit losses 2024: $43,445; 2023: $36,611)6,840,897 6,323,083 Reinsurance recoverable on paid losses and loss expenses546,287 575,847 Deferred acquisition costs524,837 450,950 Prepaid reinsurance premiums1,936,979 1,916,087