Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 99

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 99
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 unaudited2022 unaudited2023 unaudited20242015$23,392 $77,212 $88,583 $91,789 $91,895 $92,362 $93,787 $93,599 $92,328 $92,314 201650,017 149,814 180,891 187,052 189,036 188,632 189,558 189,146 189,131 201779,215 156,941 171,794 178,569 179,075 179,725 179,491 179,715 201872,826 164,972 191,414 190,959 194,064 194,539 194,680 201967,755 169,294 195,595 196,317 194,411 199,235 202081,783 171,822 210,093 191,899 192,168 202168,549 179,195 209,615 212,355 2022101,488 213,363 234,448 2023130,720 199,466 2024123,147 Total1,816,659 All outstanding liabilities before 2015, net of reinsurance1,291 Liabilities for claims and claim adjustment expenses, net of reinsurance$187,670 Reinsurance accident and healthAverage annual percentage payout of incurred claims by age, net of reinsurance (unaudited)Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 1038.7%46.4%13.1%0.4%0.4%0.7%0.5%(0.1%)(0.7%)—%Reinsurance AgricultureThe agriculture line of business provides protection for risks associated with the production of food and fiber on a global basis for primary insurance companies writing multi-peril crop insurance, crop hail, and named peril covers, as well as custom risk transfer mechanisms for agricultural dependent industries with exposures to crop yield and/or price deviations. This business is written on a proportional and aggregate stop loss reinsurance basis. In general, reporting and payment patterns are relatively short although they can be volatile due to the incidence of extreme weather events and in some territories take longer to settle due to government involvement in the loss adjustment process.