Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 152

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 152
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 STATEMENTSDECEMBER 31, 2024, 2023 AND 202221.    OTHER COMPREHENSIVE INCOME (LOSS) (CONTINUED)

The following table presents details of amounts reclassified from accumulated other comprehensive income (loss) ("AOCI") to net income (loss):Amounts reclassified from AOCI(1)AOCI componentsConsolidated statement of operations line item that includes reclassification adjustmentYear ended December 31,202420232022Unrealized gains (losses) on available for sale investmentsOther realized and unrealized investment gains (losses)$(170,576)$(129,567)$(322,726)Impairment losses(408)(12,757)(12,568)Total before tax(170,984)(142,324)(335,294)Income tax (expense) benefit15,664 13,811 30,369 Net of tax$(155,320)$(128,513)$(304,925)(1)    Amounts in parentheses are charges to net income (loss).

22.    STATUTORY FINANCIAL INFORMATION 

The Company's insurance and reinsurance operations are subject to laws and regulations in the jurisdictions in which they operate, the most significant of which include Bermuda, Ireland, and the U.S. In addition, the Company is regulated by Lloyd's. These regulations include certain restrictions on the amount of dividends or other distributions, such as loans or cash advances, available to shareholders without prior approval from insurance regulatory authorities.The statutory capital and surplus in each of the Company's most significant regulatory jurisdictions is shown in the following table:BermudaIrelandU.S.At December 31,202420232024202320242023Required statutory capital and surplus$1,982,025 $1,269,943 $733,689 $755,076 $675,672 $739,829 Available statutory capital and surplus$4,475,219 $3,170,556 $1,197,127 $1,160,932 $2,483,658 $2,187,371 BermudaUnder the Insurance Act 1978, amendments thereto and related regulations of Bermuda (the "Insurance Act"), the Company's Bermuda subsidiaries, AXIS Specialty Bermuda and AXIS Specialty Insurance Bermuda are required to maintain minimum statutory capital and surplus equal to the greater of a minimum solvency margin ("MSM") and the Enhanced Capital Requirement ("ECR