Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 40

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 40
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(10,438)49,434 (216,478)4,474,172 Agency RMBS(1)1,706,204 — 11,495 (83,038)1,634,661 CMBS(2)897,553 — 551 (58,408)839,696 Non-agency RMBS165,910 (194)713 (13,033)153,396 ABS(3)1,265,187 (50)2,855 (25,021)1,242,971 Municipals(4)168,540 (47)414 (10,548)158,359 Total fixed maturities, available for sale$12,634,254 $(10,759)$91,762 $(480,515)$12,234,742 (1)Residential 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. 

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AXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDECEMBER 31, 2024, 2023 AND 20225.    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 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 %Agency RMBS1,245,681 1,