Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 19

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 19
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424)At December 31, 2024      Fixed maturities, available for saleU.S. government and agency$262,368 $(17,515)$1,026,139 $(15,621)$1,288,507 $(33,136)Non-U.S. government98,846 (9,179)457,889 (16,781)556,735 (25,960)Corporate debt934,975 (78,979)2,032,254 (47,245)2,967,229 (126,224)Agency RMBS280,550 (35,333)749,040 (26,657)1,029,590 (61,990)CMBS410,213 (22,334)260,411 (11,836)670,624 (34,170)Non-agency RMBS69,418 (9,900)8,302 (82)77,720 (9,982)ABS147,281 (8,471)295,897 (4,806)443,178 (13,277)Municipals49,495 (4,198)51,002 (2,398)100,497 (6,596)Total fixed maturities, available for sale$2,253,146 $(185,909)$4,880,934 $(125,426)$7,134,080 $(311,335)At June 30, 2025, 2,389 fixed maturities (2024: 3,994) were in an unrealized loss position of $140 million (2024: $311 million) of which $9 million (2024: $14 million) was related to securities below investment grade or not rated.At June 30, 2025, 1,590 fixed maturities (2024: 2,108) had been in a continuous unrealized loss position for twelve months or greater and had a fair value of $1,548 million (2024: $2,253 million). The unrealized losses of $140 million (2024: $311 million) were due to non-credit factors and were expected to be recovered as the related securities approach maturity.At June 30, 2025, the Company did not intend to sell the securities in an unrealized loss position and it is more likely than not that