Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 121

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 2
Chunk 121
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 expenses not allocated to underwriting segments of 1.9% and 2.1% for the three months ended June 30, 2025 and 2024, respectively, and 2.0% and 2.1% for the six months ended June 30, 2025 and 2024, respectively. Refer to 'Management’s Discussion and Analysis of Financial Condition and Results of Operations – Other Expenses (Revenues), Net' for further details.

Refer to 'Management's Discussion and Analysis of Financial Condition and Results of Operations – Results by Segment' for further details on underwriting expenses.

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RESULTS BY SEGMENT

Insurance Segment

Results for the insurance segment were as follows:   Three months ended June 30,Six months ended June 30,  2025% Change20242025% Change2024Revenues:Gross premiums written$1,932,4357%$1,814,066$3,588,3376%$3,388,571Net premiums written1,290,5108%1,194,1972,335,0905%2,216,551Net premiums earned1,032,9618%958,2122,043,0479%1,876,159Other insurance related income (loss)6nm(61)162nm(39)Expenses:Current accident year net losses and loss expenses(576,986)(542,591)(1,153,052)(1,039,455)Prior year reserve development15,216—29,194— Acquisition costs(194,912)(188,026)(388,933)(364,055)Underwriting-related general and administrative expenses(124,646)(111,894)(244,238)(233,981)Underwriting income$151,639$115,640$286,180$238,629 Ratios:% PointChange% PointChangeCurrent accident year loss ratio, excluding catastrophe and weather-related losses52.3 %0.551.8 %52.3 %0.451.9 %Catastrophe and weather-related losses ratio3.6 %(1.2)4.8 %4.1 %0.63.5 %Current accident year loss ratio55.9 %(0.7)56.6 %56.4 %1.055.4 %Prior year reserve development ratio(1.5 %)(