Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 55

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 55
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84,375 (6,588)77,787 Unrealized gains (losses) arising during the period, net of reclassification adjustment277,817 (47,837)229,980 (30,731)12,353 (18,378)Foreign currency translation adjustment15,867 — 15,867 (10,754)— (10,754)Total other comprehensive income (loss), net of tax$293,684 $(47,837)$245,847 $(41,485)$12,353 $(29,132)The following table presents details of amounts reclassified from accumulated other comprehensive income (loss) ("AOCI") to net income (loss):Amount reclassified from AOCI(1)AOCI ComponentsConsolidated statement of operations line item that includes reclassification adjustmentThree months ended June 30,Six months ended June 30,2025202420252024Unrealized gains (losses) on available for sale investmentsOther realized and unrealized investment gains (losses) $(10,606)$(59,340)$(42,990)$(84,211)Impairment losses(400)(156)(2,326)(164)Total before tax(11,006)(59,496)(45,316)(84,375)Income tax (expense) benefit1,484 5,124 7,654 6,588 Net of tax$(9,522)$(54,372)$(37,662)$(77,787)(1)     Amounts in parentheses are charges to net income (loss).

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Table of  ContentsAXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

14.    RELATED PARTY TRANSACTIONS

Related Party Transactions with Stone Point Capital, LLC ("Stone Point")At June 30, 2025, the Company had invested $386.7 million in separately managed accounts ("SMAs") that are managed by Eagle Point which is majority-owned by Trident IX. For the three months ended June 30, 2025, the Company did not pay any fees to Eagle Point.                                                                                                                                                                                                                                       At June 30, 2025, the Company had invested $5.5 million in a SMA managed by Stone Point Credit LLC. For the three months ended June 30, 2025, the Company did not pay any fees to Stone Point Credit LLC.Stock Repurchase Agreement with