Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 34

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 34
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 include foreign exchange forward contracts that are customized to the Company's economic hedging strategies and trade in the over-the-counter derivative market. The fair values of these derivatives are determined using a market approach valuation technique based on significant observable market inputs from third-party pricing vendors, non-binding broker-dealer quotes and/or recent trading activity. As the significant inputs used to price these derivatives are observable market inputs, the fair values of these derivatives are classified as Level 2. 

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Table of  ContentsAXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)4.    FAIR VALUE MEASUREMENTS (CONTINUED)

The tables below present the financial instruments measured at fair value on a recurring basis for the periods indicated: Quoted prices in active markets for identical assets (Level 1)Significant other observable inputs (Level 2)Significant unobservable inputs (Level 3)Fair value based on NAV practical expedientTotal fair valueAt June 30, 2025AssetsFixed maturities, available for saleU.S. government and agency$2,347,567 $39,608 $— $— $2,387,175 Non-U.S. government— 790,476 — — 790,476 Corporate debt— 4,680,358 131,473 — 4,811,831 Agency RMBS— 1,740,980 — — 1,740,980 CMBS— 823,582 — — 823,582 Non-agency RMBS— 186,151 — — 186,151 ABS— 1,300,187 33,492 — 1,333,679 Municipals— 63,601 — — 63,601  2,347,567 9,624,943 164,965 — 12,137,475 Equity securitiesCommon stocks2,710 — — — 2,710 Preferred stocks6,036 6,028 — — 12,064 Exchange-traded funds337,709 — — — 337,709 Bond mutual funds— 266,792 — — 266,792  346,455 272,820 — — 619,275 Other investmentsMulti-strategy funds— —