Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 28

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 28
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,468 $(53,479)$13,462 $(62,687)(1) Related to instances where the Company intends to sell securities or it is more likely than not that the Company will be required to sell securities before their anticipated recovery.(2) Refer to Note 5 'Derivative Instruments'.The following table provides a reconciliation of the beginning and ending balances of the allowance for expected credit losses on fixed maturities classified as available for sale:  Three months ended June 30,Six months ended June 30,  2025202420252024Balance at beginning of period$4,183 $4,237 $3,938 $10,759 Expected credit losses on securities where credit losses were not previously recognized1,345 247 1,659 278 Additions (reductions) for expected credit losses on securities where credit losses were previously recognized(325)147 (297)(1,406)Impairments of securities which the Company intends to sell or more likely than not will be required to sell— — — — Securities sold/redeemed/matured(160)— (257)(5,000)Balance at end of period$5,043 $4,631 $5,043 $4,631 

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Table of  ContentsAXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)3.    INVESTMENTS (CONTINUED)

The following table provides a reconciliation of the beginning and ending balances of the allowance for expected credit losses on mortgage loans:  Three months ended June 30,Six months ended June 30,  2025202420252024Balance at beginning of period$25,862 $8,113 $23,378 $6,220 Expected credit losses on loans where credit losses were not previously recognized1,019 11,287 1,019 13,196 Additions (reductions) for expected credit losses on loans where credit losses were previously recognized454 1,281 2,938 1,265 Loans sold/redeemed/matured— — — — Balance at end of period$27,335 $20,681 $27,335 $20,681 j)    Reverse Repurchase AgreementsAt June 30, 2025, the Company held $34 million (