Company: AXS-PE
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001214816-25-000181
Chunk: 16

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 16
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67.1 %58.0 %56.6 %66.5 %59.2 %Acquisition cost ratio19.0 %21.9 %19.7 %19.6 %22.1 %20.2 %General and administrative expense ratio12.0 %3.1 %11.8 %12.2 %3.5 %12.2 %Combined ratio86.0 %92.1 %89.5 %88.4 %92.1 %91.6 %Goodwill and intangible assets$234,944$—$234,944$279,497$—$279,497

15

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

 a)      Fixed Maturities, Available for SaleThe following table provides the amortized cost and fair values of the Company's fixed maturities classified as available for sale:AmortizedcostAllowance for expected credit lossesGrossunrealizedgainsGrossunrealizedlossesFairvalueAt September 30, 2025Available for saleU.S. government and agency$2,526,849 $— $18,961 $(8,135)$2,537,675 Non-U.S. government780,969 (64)15,591 (4,646)791,850 Corporate debt5,100,090 (4,341)94,964 (45,141)5,145,572 Agency RMBS(1)1,890,490 — 24,284 (26,288)1,888,486 CMBS(2)843,089 — 6,368 (18,373)831,084 Non-agency RMBS200,779 (235)1,541 (4,767)197,318 ABS(3)1,419,221 (56)12,535 (4,499)1,427,201 Municipals(4)61,316 — 454 (1,584)60,186 Total fixed maturities, available for sale$12,822,803 $(4,696)$174,698 $(113,433)$12,879,