Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 64

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 64
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 months ended June 30,  2025% Change20242025% Change2024Gross premiums written:Insurance$1,932,4357%$1,814,066$3,588,3376%$3,388,571Reinsurance583,536(7%)626,1701,722,2851%1,706,092Total gross premiums written$2,515,9713%$2,440,236$5,310,6224%$5,094,663Percent of gross premiums written cededInsurance33 %(1 pts)34 %35 %— pts35 %Reinsurance41 %2 pts39 %39 %2 pts37 %Total percent of gross premiums written ceded35 %(1 pts)36 %36 %1 pts35 %Net premiums written:Insurance$1,290,5108%$1,194,197$2,335,0905%$2,216,551Reinsurance344,924(9%)379,5471,050,383(3%)1,079,266Total net premiums written$1,635,4344%$1,573,744$3,385,4733%$3,295,817Net premiums earned:Insurance$1,032,9618%$958,212$2,043,0479%$1,876,159Reinsurance360,4704%346,266691,2041%686,360Total net premiums earned$1,393,4317%$1,304,478$2,734,2517%$2,562,519

Refer to 'Management's Discussion and Analysis of Financial Condition and Results of Operations – Results by Segment' for further details on underwriting revenues.

Combined Ratio

The components of the combined ratio were as follows:  Three months ended June 30,Six months ended June 30,  2025% PointChange20242025% PointChange2024Current accident year loss ratio, excluding catastrophe and weather-related losses(1)56.4 %1.355.1 %56.3 %0.655.7 %Catastrophe and weather-related losses ratio(1)2.6 %(1.0)3.6 %3.2 %0.62.6 %Current accident year loss ratio(1)59.0 %0.