Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 27

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 27
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6,363 5,819 Mortgage loans5,956 9,108 12,824 18,237 Cash and cash equivalents16,649 13,733 50,028 27,395 Short-term investments541 3,766 2,527 7,229 Gross investment income194,641 197,988 409,203 372,073 Investment expenses(7,344)(7,013)(14,194)(13,715)Net investment income$187,297 $190,975 $395,009 $358,358 

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Table of  ContentsAXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)3.    INVESTMENTS (CONTINUED)

i)      Net Investment Gains (Losses)The following table provides an analysis of net investment gains (losses):  Three months ended June 30,Six months ended June 30,  2025202420252024Gross realized investment gainsFixed maturities, short-term investments, and cash and cash equivalents$19,394 $6,182 $41,532 $20,581 Equity securities4,032 — 40,100 30,626 Gross realized investment gains23,426 6,182 81,632 51,207 Gross realized investment lossesFixed maturities, short-term investments, and cash and cash equivalents(27,673)(52,587)(79,412)(96,519)Equity securities(2,719)— (11,590)(7,712)Gross realized investment losses(30,392)(52,587)(91,002)(104,231)(Increase) decrease in allowance for expected credit losses, fixed maturities, available for sale(859)(394)(1,104)6,128 (Increase) decrease in allowance for expected credit losses, mortgage loans(1,473)(12,569)(3,958)(14,428)Impairment losses(1)(400)(156)(2,326)(164)Change in fair value of investment derivatives(2)(1,035)228 (1,451)1,023 Net unrealized gains (losses) on equity securities54,201 5,817 31,671 (2,222)Net investment gains (losses)$43