Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 36

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 36
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,223 — 12,152,753 Equity securitiesCommon stocks2,638 — — — 2,638 Preferred stocks3 5,864 — — 5,867 Exchange-traded funds314,042 — — — 314,042 Bond mutual funds— 256,727 — — 256,727  316,683 262,591 — — 579,274 Other investmentsMulti-strategy funds— — — 24,919 24,919 Direct lending funds— — — 171,048 171,048 Private equity funds— — — 320,690 320,690 Real estate funds— — — 291,640 291,640 Other privately held investments— — 92,230 29,751 121,981 — — 92,230 838,048 930,278 Short-term investments— 223,666 — — 223,666 Other assetsDerivative instruments (refer to Note 5)— 9,439 — — 9,439 Total Assets$3,083,998 $9,733,911 $239,453 $838,048 $13,895,410 LiabilitiesDerivative instruments (refer to Note 5)$— $3,100 $— $— $3,100 Total Liabilities$— $3,100 $— $— $3,100 

31

Table of  ContentsAXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)4.    FAIR VALUE MEASUREMENTS (CONTINUED)

The following table quantifies the significant unobservable inputs used in estimating fair values at June 30, 2025 of investments classified as Level 3 in the fair value hierarchy:Asset fair valueValuation techniqueUnobservable inputAmount / RangeWeighted averageOther investments - Other privately held investments$11,671 Discounted cash flowDiscount rate5.4%5.4%Default rate0.5%0.5%Loss absorption yield1.0%1.0%Estimated maturity date0.4 years0.4 yearsNote: Fixed maturities of $165 million that are classified as Level 3 are excluded from the above table as