Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 32

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 32
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 this segment are liability, accident and health, professional lines, credit and surety, motor, agriculture, marine and aviation, and run-off lines which include catastrophe and property lines of business that the Company placed into run-off in 2022 and engineering lines of business that the Company placed into run-off in 2020.The Company has identified its President and Chief Executive Officer as its chief operating decision maker ("CODM"). The CODM evaluates performance and decides how to allocate resources based on underwriting income (loss) for each of the Company's reportable segments. During quarterly Results Review meetings, an analysis of each reportable segment's underwriting income (loss) compared to the same period in the prior year, and compared to plan, is provided by business leaders to the CODM to facilitate the evaluation of segment performance.The Company does not allocate its assets by segment, with the exception of goodwill and intangible assets.The following tables present the underwriting results of the Company's reportable segments, as well as the carrying amounts of allocated goodwill and intangible assets:

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AXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDECEMBER 31, 2024, 2023, AND 20223.    SEGMENT INFORMATION (CONTINUED)

At and year ended December 31, 2024InsuranceReinsuranceTotalGross premiums written$6,615,584 $2,390,304 $9,005,888 Net premiums written4,250,545 1,506,806 5,757,351 Net premiums earned3,926,036 1,380,199 5,306,235 Other insurance related income94 30,627 30,721 Current accident year net losses and loss expenses(2,261,629)(921,181)(3,182,810)Net favorable prior year reserve development16,209 8,114 24,323 Acquisition costs(766,915)(303,636)(1,070,551)Underwriting-related general and administrative expenses(485,929)(50,513)(536,442)Underwriting income$427,866 $143,610 571,476 Net investment income759,229 Net investment gains (losses)(138,534)Corporate expenses(129,760)Foreign exchange gains50,822 Interest expense and financing costs(67,766)Reorganization expenses(26,312)Amortization of intangible assets