Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 17

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 17
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idential mortgage-backed securities ("RMBS") originated by U.S. government-sponsored agencies.(2)Commercial mortgage-backed securities ("CMBS").(3)Asset-backed securities ("ABS") include debt tranched securities collateralized primarily by auto loans, student loans, credit card receivables and collateralized loan obligations ("CLOs").(4)Municipals include bonds issued by states, municipalities and political subdivisions.

16

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

Contractual MaturitiesExpected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. The table below provides the contractual maturities of fixed maturities classified as available for sale:AmortizedcostFairvalue% of Totalfair valueAt June 30, 2025MaturityDue in one year or less$693,954 $693,236 5.8 %Due after one year through five years5,269,141 5,320,176 43.8 %Due after five years through ten years1,843,158 1,847,825 15.2 %Due after ten years193,066 191,846 1.6 % 7,999,319 8,053,083 66.4 %Agency RMBS1,767,469 1,740,980 14.3 %CMBS840,909 823,582 6.8 %Non-agency RMBS190,656 186,151 1.5 %ABS1,329,187 1,333,679 11.0 %Total$12,127,540 $12,137,475 100.0 %At December 31, 2024MaturityDue in one year or less$895,177 $885,866 7.4 %Due after one year through five years5,637,336 5,567,905 45.8 %Due after five years through ten years1,895,116 1,826,564 15.0 %Due after ten years214,595 205,597 1.7 % 8,642,224 8,485,932 69.9