Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 3

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7A
Chunk 3
---
 assets (liabilities), excluding derivatives$87,511$366,541$(344,739)$15,836$(38,893)$88,887$175,143Foreign currency derivatives, net(69,834)(356,150)290,80036,43035,648(112,409)(175,515)Net managed foreign currency exposure17,67710,391(53,939)52,266(3,245)(23,522)(372)Other net foreign currency exposure—55(607)19—1(532)Total net foreign currency exposure$17,677$10,446$(54,546)$52,285$(3,245)$(23,521)$(904)Net foreign currency exposure as a percentage of total shareholders’ equity0.3 %0.2 %(0.9 %)0.9 %(0.1 %)(0.4 %)— %Pre-tax impact of net foreign currency exposure on shareholders’ equity given a hypothetical 10% rate movement(1)$1,768$1,045$(5,455)$5,229$(325)$(2,352)$(90)At December 31, 2023Net managed assets (liabilities), excluding derivatives$38,348$430,256$(452,726)$(145,992)$(43,047)$56,012$(117,149)Foreign currency derivatives, net(23,240)(403,952)401,195127,12224,317(114,294)11,148Net managed foreign currency exposure15,10826,304(51,531)(18,870)(18,730)(58,282)(106,001)Other net foreign currency exposure—175(555)(59)——(439)Total net foreign currency exposure$15,108$26,479$(52,086)$(18,929)$(18,730)$(58,282)$(106,440)Net foreign currency exposure as a percentage of total shareholders’ equity0.3 %0.5 %(1.0 %)(0.4 %)(0.4 %)(1.1 %)(2.0 %)Pre-tax impact of net foreign currency exposure on shareholders’ equity given a hypothetical 10% rate movement(1)$1,511$2,648$(5,209)$(1,893)$(1,873)$(5,828)$(10,644