Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 110

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 110
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,192 141,526 153,840 177,453 184,773 193,160 202,406 201771,292 130,330 159,573 193,899 215,552 238,380 256,263 266,624 201883,155 138,377 201,610 210,849 234,853 254,645 273,683 201989,950 182,006 198,344 219,950 238,617 257,423 202043,468 94,350 113,316 125,200 134,082 202141,657 74,997 92,381 104,602 202235,075 51,509 63,668 202325,966 44,970 202415,114 Total1,538,085 All outstanding liabilities before 2015, net of reinsurance262,566 Liabilities for claims and claim adjustment expenses, net of reinsurance$934,447 

194

AXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDECEMBER 31, 2024, 2023 AND 20228.    RESERVE FOR LOSSES AND LOSS EXPENSES (CONTINUED)

Reinsurance motorAverage annual percentage payout of incurred claims by age, net of reinsurance (unaudited)Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 1023.2%18.3%9.7%6.8%6.0%5.6%6.2%3.0%2.5%2.1%Reinsurance LiabilityThe liability line of business provides protection to insurers of admitted casualty business, excess and surplus lines casualty business and specialty casualty programs. The primary focus of the underlying business is general liability, workers' compensation, auto liability, environmental liability, and excess casualty. Typically, this line of business is anticipated to exhibit longer claim reporting and payment patterns than most other reinsurance lines of business and claims are often reported and ultimately paid or settled years, or even decades, after the related loss events occur.Reinsurance liabilityIncurred claims and allocated claim adjustment expenses, net of reinsuranceAt December 31, 2024For the years ended December 31,Total of incurred-but-not-reported liabilities plus expected development on reported claimsAcc