Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 3

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 3
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Table of Contents

ITEM 1.      CONSOLIDATED FINANCIAL STATEMENTS

 Page Consolidated Balance Sheets at June 30, 2025 (Unaudited) and December 31, 20246Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 2024 (Unaudited)7Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2025 and 2024 (Unaudited)8Consolidated Statements of Changes in Shareholders' Equity for the three and six months ended June 30, 2025 and 2024 (Unaudited)9Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 2024 (Unaudited)10Notes to Consolidated Financial Statements (Unaudited)12Note 1 - Basis of Presentation and Significant Accounting Policies12Note 2 - Segment Information13Note 3 - Investments16Note 4 - Fair Value Measurements26Note 5 - Derivative Instruments37Note 6 - Reserve for Losses and Loss Expenses39Note 7 - Earnings Per Common Share43Note 8 - Share-Based Compensation43Note 9 - Shareholders' Equity46Note 10 - Debt and Financing Arrangements47Note 11 - Federal Home Loan Bank Advances47Note 12 - Commitments and Contingencies48Note 13 - Other Comprehensive Income (Loss)49Note 14 - Related Party Transactions50Note 15 - Reorganization Expenses50Note 16 - Income Taxes50

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Table of Contents

  AXIS CAPITAL HOLDINGS LIMITED  

CONSOLIDATED BALANCE SHEETS

JUNE 30, 2025 (UNAUDITED) AND DECEMBER 31, 2024 20252024 (in thousands)AssetsInvestments:Fixed maturities, available for sale, at fair value    (Amortized cost 2025: $12,127,540; 2024: $12,419,905     Allowance for expected credit losses 2025: $5,043; 2024: $3,938)$12,137,475 $12,152,753 Fixed maturities, held to maturity, at amortized cost    (Fair value 2025: $400,790; 2024: $436,751    Allowance for expected credit losses