Company: AXS-PE
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001214816-25-000181
Chunk: 128

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 2
Chunk 128
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%(62%)321,884 15 %390,621 18 %(18%)Credit and surety108,505 25 %100,352 25 %8%429,460 20 %352,676 17 %22%Agriculture55,704 13 %33,265 8 %67%159,860 7 %147,056 7 %9%Marine and aviation8,602 2 %11,059 3 %(22%)60,968 3 %80,073 4 %(24%)Total431,333 100%403,681 100 %7%2,144,880 100 %2,098,104 100 %2%Run-off linesCatastrophe(510)—%1,564 (1%)nm706 — %7,477 — %(91%)Property577 — %1,800 — %(68%)3,071 — %3,657 — %(16%)Engineering902 — %2,181 1 %(59%)5,930 — %6,079 — %(2%)Total run-off lines969 — %5,545 — %(83%)9,707 — %17,213 — %(44%)Total$432,302 100 %$409,226 100 %6%$2,154,587 100 %$2,115,317 100 %2%

Gross premiums written for the three months ended September 30, 2025, increased by $23 million, or 6% ($19 million, or 5%, on a constant currency basis), compared to the three months ended September 30, 2024. The increase was primarily attributable to agriculture, liability, motor, and credit and surety lines, partially offset by a decrease in accident and health, and professional lines. 

The increase in agriculture lines was primarily due to new business. The increase in liability lines was due to positive premium adjustments in the three months ended September 30, 2025, compared to negative premium adjustments in the three months ended September 30, 2024, and a higher level of premiums related to several contracts associated with favorable market conditions, partially offset by non-renewals attributable to underwriting actions, together with client retentions. The increase in