Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 224

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 224
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 reportable segments reflect underwriting-related general and administrative expenses, which includes those general and administrative expenses that are incremental and/or directly attributable to the Company's underwriting operations. Underwriting-related general and administrative expenses is a non-GAAP financial measure as defined in Item 10(e) of SEC Regulation S-K. The reconciliation to general and administrative expenses, the most comparable GAAP financial measure, presented in the table above, also includes corporate expenses of $130 million, $133 million, and $130 million for the years ended December 31, 2024, 2023 and 2022, respectively. Corporate expenses include holding company costs necessary to support our worldwide insurance and reinsurance operations and costs associated with operating as a publicly-traded company. As these costs are not incremental and/or directly attributable to the Company's underwriting operations, these expenses are excluded from underwriting-related general and administrative expenses.

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SCHEDULE IV

AXIS CAPITAL HOLDINGS LIMITEDSUPPLEMENTARY REINSURANCE INFORMATIONYEARS ENDED DECEMBER 31, 2024, 2023 AND 2022  (in thousands)GROSSAMOUNTCEDED TOOTHERCOMPANIESASSUMEDFROMOTHERCOMPANIESNETAMOUNTPERCENTAGEOF AMOUNTASSUMED TONET2024Property and Casualty$5,596,538 $3,085,338 $2,522,244 $5,033,444 50.1 %Accident and Health437,817 163,199 449,289 723,907 62.1 %Total$6,034,355 $3,248,537 $2,971,533 $5,757,351 51.6 %2023Property and Casualty$5,223,919 $3,161,438 $2,402,378 $4,464,859 53.8 %Accident and Health311,970 92,762 418,258 637,466 65.6 %Total$5,535,889 $3,254,200 $2,820,636 $5,102,325 55.3 %2022Property and Casualty$4,858,629 $2,900,300 $2,685,677 $4,644,006 57.8 %Accident and Health244,329 51,239