Company: AXS-PE
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001214816-25-000181
Chunk: 17

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 17
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372 At December 31, 2024    Available for saleU.S. government and agency$2,830,111 $— $6,011 $(33,136)$2,802,986 Non-U.S. government753,315 — 2,584 (25,960)729,939 Corporate debt4,941,510 (3,690)30,594 (126,224)4,842,190 Agency RMBS(1)1,245,681 — 1,154 (61,990)1,184,845 CMBS(2)852,534 — 1,244 (34,170)819,608 Non-agency RMBS132,116 (195)597 (9,982)122,536 ABS(3)1,547,350 (53)5,812 (13,277)1,539,832 Municipals(4)117,288 — 125 (6,596)110,817 Total fixed maturities, available for sale$12,419,905 $(3,938)$48,121 $(311,335)$12,152,753 (1)Residential mortgage-backed securities ("RMBS") originated by U.S. government-sponsored agencies.(2)Commercial mortgage-backed securities ("CMBS").(3)Asset-backed securities ("ABS") include debt tranched securities collateralized primarily by auto loans, student loans, credit card receivables and collateralized loan obligations ("CLOs").(4)Municipals include bonds issued by states, municipalities and political subdivisions.

16

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

Contractual MaturitiesExpected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. The table below provides the contractual maturities of fixed maturities classified as available for sale:AmortizedcostFairvalue% of Totalfair valueAt September 30, 2025MaturityDue in one year or less$523,048 $519,238 4.0 %Due after one year through five years5,568,065 5,620,992 43.