Company: AXS-PE
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001214816-25-000115
Chunk: 31

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 31
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 include an appropriate discount rate, default rate, loss absorption rate and estimated maturity date. The selection of an appropriate discount rate is judgmental and is the most significant unobservable input used in the valuation of this investment. A significant increase (decrease) in this input in isolation could result in significantly lower (higher) fair value measurement for this investment. In order to assess the reasonableness of the inputs the Company uses in the discounted cash flow model, the Company maintains an understanding of current market conditions, historical results, as well as investee specific information that may impact future cash flows.

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Table of  ContentsAXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)4.    FAIR VALUE MEASUREMENTS (CONTINUED)

The following table presents changes in Level 3 for financial instruments measured at fair value on a recurring basis:OpeningbalanceTransfersintoLevel 3Transfersout ofLevel 3Included in net income(1)Includedin OCI (2)PurchasesSalesSettlements/distributionsClosingbalanceChange inunrealizedgains/(losses) (3)Three months ended March 31, 2025Fixed maturities, available for sale         Corporate debt$126,391 $— $— $— $357 $7,664 $(670)$— $133,742 $— ABS20,832 — — — 311 12,000 — — 33,143 —  147,223 — — — 668 19,664 (670)— 166,885 — Other investmentsCLO-Equities— — — — — — — — — — Other privately held investments92,230 — — 4,790 — — — — 97,020 4,790  92,230 — — 4,790 — — — — 97,020 4,790 Total assets$239,453 $— $— $4,790 $668 $19,664 $(670)$— $263,905 $4,790 Three months ended March 31, 2024Fixed maturities, available for saleCorporate debt$135,753 $— $— $(834