Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 51

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 51
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$77,525 $32,920 $16,671 Equity securities32,292 16,847 7,687 Gross realized investment gains109,817 49,767 24,358 Gross realized investment lossesFixed maturities, short-term investments, and cash and cash equivalents(230,774)(158,080)(328,493)Equity securities(15,251)(639)(406)Mortgage loans(7,215)— — Gross realized investment losses(253,240)(158,719)(328,899)(Increase) decrease in allowance for expected credit losses, fixed maturities, available for sale6,821 974 (11,421)(Increase) decrease in allowance for expected credit losses, mortgage loans(17,159)(6,220)— Impairment losses(1)(408)(12,757)(12,568)Change in fair value of investment derivatives(2)1,783 (1,456)7,656 Net unrealized gains (losses) on equity securities13,852 53,781 (135,915)Net investment losses$(138,534)$(74,630)$(456,789)(1)Related to instances where the Company intends to sell securities or it is more likely than not that the Company will be required to sell securities before their anticipated recovery.(2)Refer to Note 7 'Derivative Instruments'.The following table provides a reconciliation of the beginning and ending balances of the allowance for expected credit losses on fixed maturities classified as available for sale:Year ended December 31,202420232022Balance at beginning of period$10,759 $11,733 $313 Expected credit losses on securities where credit losses were not previously recognized926 5,200 17,830 Additions (reductions) for expected credit losses on securities where credit losses were previously recognized(2,319)4,934 (3,831)Impairments of securities which the Company intends to sell or more likely than not will be required to sell— — — Securities sold/redeemed/matured(5,428)(11,108)(2,579)Balance at end of period$3,938 $10,759 $11,733 

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AXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDECEMBER 31, 2024,