Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 112

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 112
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 $151,506 $166,279 $178,276 201611,837 37,527 69,136 111,165 142,074 165,531 188,319 215,185 234,297 201712,394 41,984 78,240 120,145 157,920 192,427 223,321 250,245 201819,352 49,673 84,839 127,457 165,827 206,294 244,159 201919,288 45,132 79,439 119,854 158,542 201,377 202016,930 48,916 82,113 119,248 152,616 202110,882 58,253 98,671 145,566 202218,024 51,960 102,346 202314,979 45,121 202413,368 Total1,567,371 All outstanding liabilities before 2015, net of reinsurance127,910 Liabilities for claims and claim adjustment expenses, net of reinsurance$1,611,231 Reinsurance liabilityAverage annual percentage payout of incurred claims by age, net of reinsurance (unaudited)Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 104.7%9.8%11.5%12.6%11.2%10.4%8.1%7.1%6.5%5.6%Reinsurance Run-off linesRun-off lines include catastrophe, property, and engineering lines of business. The catastrophe line of business provides protection for most catastrophic losses that are covered in the underlying insurance policies written by the Company's cedants. The underlying policies principally cover property-related exposures but other exposures including worker's compensation and personal accident are also covered. The principal perils covered by policies in this portfolio include hurricane and windstorm, earthquake, flood, tornado, hail and fire. In some instances, terrorism may be a covered peril or the only peril. This business is written on a proportional and an excess of loss basis. The Company exited this line of business in June 2022.The property line of business provides protection for property damage and related losses resulting from natural and man-made perils that are covered in underlying personal and commercial lines insurance policies written by the Company's