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

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 10
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 418,829 Other insurance related income30,721 22,495 13,073 Net investment gains (losses):Increase in allowance for expected credit losses(10,338)(5,246)(11,421)Impairment losses(408)(12,757)(12,568)Other realized and unrealized investment gains (losses)(127,788)(56,627)(432,800)Total net investment gains (losses)(138,534)(74,630)(456,789)Total revenues5,957,651 5,643,388 5,135,439 ExpensesNet losses and loss expenses3,158,487 3,393,102 3,242,410 Acquisition costs1,070,551 1,000,945 1,022,017 General and administrative expenses666,202 684,446 680,343 Foreign exchange losses (gains)(50,822)58,115 (157,945)Interest expense and financing costs67,766 68,421 63,146 Reorganization expenses26,312 28,997 31,426 Amortization of intangible assets10,917 10,917 10,917 Total expenses4,949,413 5,244,943 4,892,314 Income before income taxes and interest in income of equity method investments1,008,238 398,445 243,125 Income tax (expense) benefit55,595 (26,316)(22,037)Interest in income of equity method investments17,953 4,163 1,995 Net income 1,081,786 376,292 223,083 Preferred share dividends30,250 30,250 30,250 Net income available to common shareholders$1,051,536 $346,042 $192,833 Per share dataEarnings per common share:Earnings per common share$12.49 $4.06 $2.27 Earnings per diluted common share$12.35 $4.02 $2.25 Weighted average common shares outstanding84,165 85,142 84,864 Weighted average diluted common shares outstanding85,176 86,012 85,669 

 See accompanying notes to Consolidated Financial Statements.117

AXIS CAPITAL HOLDINGS LIMITED

CONSOLIDATED STATEMENTS OF COMPRE