Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 288

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 288
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 year net losses and loss expenses(921,181)(1,077,572)(1,465,739)Prior year reserve development8,114 (235,529)9,183 Acquisition costs(303,636)(352,482)(444,179)Underwriting-related general and administrative expenses(50,513)(79,373)(106,585)Underwriting income (loss)$143,610 $(100,182)$31,365 Ratios:% PointChange % PointChangeCurrent accident year loss ratio, excluding catastrophe and weather-related losses66.0 %1.264.8 %2.262.6 %Catastrophe and weather-related losses ratio0.7 %(0.9)1.6 %(8.1)9.7 %Current accident year loss ratio66.7 %0.366.4 %(5.9)72.3 %Prior year reserve development ratio(0.5 %)(15.1)14.6 %15.0(0.4 %)Net losses and loss expenses ratio66.2 %(14.8)81.0 %9.171.9 %Acquisition cost ratio22.0 %0.321.7 %(0.2)21.9 %Underwriting-related general and administrative expense ratio3.6 %(1.3)4.9 %(0.4)5.3 %Combined ratio91.8 %(15.8)107.6 %8.599.1 %

69

Gross Premiums Written:

Gross premiums written by line of business were as follows:              % ChangeYear ended December 31,2024202320222023 to 20242022 to 2023Liability$616,333 26 %$642,801 29 %$719,831 27 %(4 %)(11 %)Accident and health436,296 18 %396,668 18 %411,891 16 %10 %(4 %)Professional lines421,846 18 %379,222 17 %400,807 15 %11 %(5 %)Credit and surety417,717 17 %351,083 16 %298,565 11 %19 %18 %Motor238,961 10 %201,