Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 71

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 71
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Marine and aviation154,643 15 %160,084 17 %(3%)309,589 15 %299,374 16 %3%Accident and health80,360 8 %87,700 9 %(8%)169,503 8 %171,957 9 %(1%)Credit and political risk46,320 4 %30,038 3 %54%93,982 5 %66,766 4 %41%Total$1,032,961 100 %$958,212 100 %8%$2,043,047 100 %$1,876,159 100 %9%

Net premiums earned for the three months ended June 30, 2025 increased by $75 million, or 8%, compared to the three months ended June 30, 2024. 

The increase was primarily driven by increases in gross premiums earned in property, accident and health, credit and political risk, professional lines and liability lines, together with decreases in ceded premiums earned in cyber and property lines. These amounts were partially offset by an increase in ceded premiums earned in accident and health lines and a decrease in gross premiums earned in cyber lines.

Net premiums earned for the six months ended June 30, 2025 increased by $167 million, or 9%, compared to the six months ended June 30, 2024. 

The increase was primarily driven by increases in gross premiums earned in property, credit and political risk, and professional lines, together with decreases in ceded premiums earned in cyber, marine and aviation, and professional lines. These amounts were partially offset by a decrease in gross premiums earned in cyber lines. and an increase in ceded premiums earned in credit and political risk lines.

Loss Ratio

The components of the loss ratio were as follows:

  Three months ended June 30,Six months ended June 30,2025% PointChange20242025% PointChange2024Current accident year loss ratio55.9 %(0.7)56.6 %56.4 %1.055.4 %Prior year reserve development ratio(1.5 %)(1.5)— %(1.4 %)(1.4)— %Loss ratio54.4 %(2.2)56.6 %55.0 %(0.4)55.4 %

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