Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 115

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 115
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413 133,777 202322,862 29,381 202411,372 Total2,980,000 All outstanding liabilities before 2015, net of reinsurance38,605 Liabilities for claims and claim adjustment expenses, net of reinsurance$517,059 Reinsurance run-offAverage annual percentage payout of incurred claims by age, net of reinsurance (unaudited)Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 1024.0%28.8%17.2%10.3%6.0%3.3%2.7%0.6%0.7%0.6%

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

Reconciliation of Loss Development Tables to Consolidated Balance SheetThe following table reconciles the reserve for losses and loss expenses at December 31, 2024, included in the loss development tables to the reserve for losses and loss expenses reported in the consolidated balance sheet:Reconciliation of the disclosure of incurred and paid claims development to the liability for unpaid claims and claim adjustment expensesAt December 31, 2024Net outstanding liabilitiesReinsurance recoverable on unpaid claimsGross outstanding liabilitiesInsurance segmentProperty$810,674 $476,362 $1,287,036 Accident and health134,285 9,565 143,850 Marine and aviation795,884 348,062 1,143,946 Cyber370,549 455,301 825,850 Professional lines2,034,530 1,365,043 3,399,573 Credit and political risk184,012 35,302 219,314 Liability1,409,002 2,106,520 3,515,522 Total insurance segment5,738,936 4,796,155 10,535,091 Reinsurance segmentAccident and health187,670 61,724 249,394 Agriculture177,971 10,917 188,888 Marine and aviation149,344 26,273 175,617 Professional lines943,175 440,572 1,383