Company: AXS-PE
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001214816-25-000181
Chunk: 3

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 3
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Table of Contents

ITEM 1.      CONSOLIDATED FINANCIAL STATEMENTS

 Page Consolidated Balance Sheets at September 30, 2025 (Unaudited) and December 31, 20246Consolidated Statements of Operations for the three and nine months ended September 30, 2025 and 2024 (Unaudited)7Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2025 and 2024 (Unaudited)8Consolidated Statements of Changes in Shareholders' Equity for the three and nine months ended September 30, 2025 and 2024 (Unaudited)9Consolidated Statements of Cash Flows for the nine months ended September 30, 2025 and 2024 (Unaudited)10Notes to Consolidated Financial Statements (Unaudited)12Note 1 - Basis of Presentation and Significant Accounting Policies12Note 2 - Segment Information13Note 3 - Investments16Note 4 - Fair Value Measurements26Note 5 - Derivative Instruments35Note 6 - Reserve for Losses and Loss Expenses37Note 7 - Earnings Per Common Share40Note 8 - Share-Based Compensation41Note 9 - Shareholders' Equity43Note 10 - Debt and Financing Arrangements45Note 11 - Federal Home Loan Bank Advances45Note 12 - Commitments and Contingencies45Note 13 - Other Comprehensive Income (Loss)46Note 14 - Related Party Transactions47Note 15 - Income Taxes47

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Table of Contents

  AXIS CAPITAL HOLDINGS LIMITED  

CONSOLIDATED BALANCE SHEETS

SEPTEMBER 30, 2025 (UNAUDITED) AND DECEMBER 31, 2024 20252024 (in thousands)AssetsInvestments:Fixed maturities, available for sale, at fair value    (Amortized cost 2025: $12,822,803; 2024: $12,419,905     Allowance for expected credit losses 2025: $4,696; 2024: $3,938)$12,879,372 $12,152,753 Fixed maturities, held to maturity, at amortized cost    (Fair value 2025: $404,106; 2024: $436,751    Allowance for expected credit losses 2025: $nil;