Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 102

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 102
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portional and proportional basis. The aviation line of business provides cover for airline, aerospace and general aviation exposures. This business is written on a proportional and non-proportional basis. The Company exited Aviation business effective January 1, 2023.Losses arising from marine and aviation lines of business are generally reported quickly with the exception of marine and aviation liability claims which tend to exhibit longer reporting and payment patterns as claims involve passengers and third parties.Reinsurance marine and aviationIncurred claims and allocated claim adjustment expenses, net of reinsuranceDecember 31, 2024For the years ended December 31,Total of incurred-but-not-reported liabilities plus expected development on reported claimsAccident Year2015 unaudited2016 unaudited2017 unaudited2018 unaudited2019 unaudited2020 unaudited2021 unaudited2022 unaudited2023 unaudited20242015$10,360 $9,193 $10,777 $14,938 $12,589 $12,220 $11,986 $11,937 $11,993 $11,964 $441 201632,111 34,714 35,092 36,486 34,982 35,309 35,715 35,208 35,920 131 201754,853 42,541 40,935 46,176 42,787 40,443 40,366 41,445 78 201818,797 27,331 26,877 43,264 46,729 48,103 47,392 1,198 201969,487 81,921 79,650 81,494 84,590 86,262 4,059 202040,006 41,273 37,298 36,464 37,990 1,803 202143,366 40,438 35,108 38,786 1,642 202268,401 58,762 49,649 17,062 202340,526 37,916 20,892 202448,826 41,877 Total$436,150 

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AXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDECEMBER 31, 2024, 2023 AND 20228.    RESERVE FOR LOSSES AND