Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 35

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 35
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Amortization of intangible assets(10,917)Income before income taxes and interest in income of equity method investments243,125 Income tax (expense) benefit(22,037)Interest in income of equity method investments1,995 Net income223,083 Preferred share dividends30,250 Net income available to common shareholders$192,833 Current accident year loss ratio57.5 %72.3 %63.3 %Prior year reserve development ratio(0.5 %)(0.4 %)(0.5 %)Net losses and loss expenses ratio57.0 %71.9 %62.8 %Acquisition cost ratio18.4 %21.9 %19.8 %General and administrative expense ratio 14.2 %5.3 %13.2 %Combined ratio89.6 %99.1 %95.8 %Goodwill and intangible assets$298,601 $— $298,601  

136

AXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDECEMBER 31, 2024, 2023, AND 20223.    SEGMENT INFORMATION (CONTINUED)

The following table presents gross premiums written by the geographical location of the Company's subsidiaries: Years ended December 31,202420232022U.S.$4,864,074 $4,484,789 $4,342,707 Ireland1,923,006 1,837,177 1,931,815 Lloyd's of London1,998,217 1,759,990 1,567,458 Bermuda220,591 274,569 372,615 Gross premiums written$9,005,888 $8,356,525 $8,214,595 The following table presents net premiums earned by segment and line of business:    Years ended December 31,202420232022InsuranceProfessional lines$817,535 $764,558 $817,924 Property1,139,308 878,849 755,986 Liability494,561 496,381 459,775 Cyber347,842 323,025 309,004 Marine and aviation614,826 567,292 479,499 Accident and health360,894 306,061