Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 156

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 2
Chunk 156
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 the office sector.

Other Investments

Details of our other investments portfolio are as follows:

June 30, 2025December 31, 2024  Fair Value% of TotalFair Value% of TotalMulti-strategy funds$15,290 2 %$24,919 3 %Direct lending funds164,979 18 %171,048 18 %Private equity funds332,835 35 %320,690 35 %Real estate funds291,173 31 %291,640 31 %Total multi-strategy, direct lending, private equity and real estate funds804,277 86 %808,297 87 %Other privately held investments134,645 14 %121,981 13 %Total other investments$938,922 100 %$930,278 100 %

Refer to Note 3(e) to the Consolidated Financial Statements 'Investments'.

Equity Method Investments

Refer to Note 3(f) to the Consolidated Financial Statements 'Investments'.

85

LIQUIDITY AND CAPITAL RESOURCES

Refer to the ‘Liquidity and Capital Resources’ section included in Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2024 for a general discussion of liquidity and capital resources. 

The following table summarizes consolidated capital:

June 30, 2025December 31, 2024Debt$1,315,936 $1,315,179 Preferred shares550,000 550,000 Common equity5,624,398 5,539,379 Shareholders’ equity6,174,398 6,089,379 Total capital$7,490,334 $7,404,558 Ratio of debt to total capital17.6 %17.8 %

We finance our operations with a combination of debt and equity capital. The debt to total capital ratio provides an indication of our capital structure, along with some insight into our financial strength. We believe that our financial flexibility remains strong. Adjustments are made if developments occur that are different from previous expectations.

Federal Home Loan Bank Advances

The Company's subsidiaries, AXIS Insurance Company and AXIS Surplus Insurance Company, are members of the Federal Home Loan Bank of Chicago ("FHLB"). 

At June 30, 2025, the companies had admitted assets of approximately $3.4 billion which provides borrowing