Company: AXS-PE
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001214816-25-000181
Chunk: 15

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 15
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220$2,154,587$7,434,807$4,915,247$2,115,317$7,030,564Net premiums written3,420,0381,318,4254,738,4633,192,4621,339,3404,531,802Net premiums earned3,128,6581,057,4754,186,1332,900,0111,029,2103,929,221Other insurance related income42418,41118,8355323,65123,704Current accident year net losses and loss expenses(1,763,702)(722,524)(2,486,226)(1,646,118)(688,425)(2,334,543)Net favorable prior year reserve development44,03613,07657,1124,0084,0038,011Acquisition costs(594,372)(231,722)(826,094)(567,310)(226,970)(794,280)Underwriting-related general and administrative expenses(375,564)(33,226)(408,790)(353,230)(36,913)(390,143)Underwriting income$439,480$101,490540,970$337,414$104,556441,970Net investment income579,911563,458Net investment gains (losses)44,365(30,503)Corporate expenses(83,088)(86,873)Foreign exchange (losses) gains(138,428)(61,268)Interest expense and financing costs(49,816)(51,005)Reorganization expenses—(26,312)Amortization of intangible assets(7,521)(8,188)Income before income taxes and interest in income of equity method investments886,393741,279Income tax (expense) benefit(170,773)36,185Interest in income of equity method investments3,66910,689Net income719,289788,153Preferred share dividends22,68822,688Net income available to common shareholders$696,601$765,465Current accident year loss ratio56.4 %68.3 %59.4 %56.8 %66.9 %59.4 %Prior year reserve development ratio(1.4%)(1.2%)(1.4%)(0.2%)(0.4%)(0.2%)Net losses and loss expenses ratio55.0 %