Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 91

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 91
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 This business is predominantly written on a claims-made basis. Typically, this line of business is anticipated to exhibit longer reporting and payment patterns than most other insurance lines of business. 

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AXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDECEMBER 31, 2024, 2023 AND 20228.    RESERVE FOR LOSSES AND LOSS EXPENSES (CONTINUED)

Insurance professional linesIncurred claims and allocated claim adjustment expenses, net of reinsuranceAt December 31, 2024For the years ended December 31,Total of incurred-but-not-reported liabilities plus expected development on reported claimsCumulative number of reported claimsAccident year2015 unaudited2016 unaudited2017 unaudited2018 unaudited2019 unaudited2020 unaudited2021 unaudited2022 unaudited2023 unaudited20242015$308,206 $308,832 $315,378 $301,759 $288,635 $271,774 $270,615 $281,645 $280,054 $285,261 $12,111 9,6622016287,119 291,739 295,992 314,273 326,544 336,376 337,725 354,094 359,445 21,448 10,9492017336,606 339,010 371,856 372,365 388,467 386,243 390,818 395,866 37,337 12,9662018323,638 339,960 388,834 419,568 445,299 464,430 467,834 32,176 15,5372019345,193 360,720 375,361 408,326 455,966 466,546 74,818 14,7932020320,300 318,886 299,016 290,925 292,430 92,856 9,6342021375,982 366,527 323,579 320,376 157,986 8,6562022457,637 443,592 437,668 297,452 8,7402023438,129 440,324 335,563 10,2522024488,514 459,342 7,556Total$