Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 66

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 66
---
1,290,5108%1,194,1972,335,0905%2,216,551Net premiums earned1,032,9618%958,2122,043,0479%1,876,159Other insurance related income (loss)6nm(61)162nm(39)Expenses:Current accident year net losses and loss expenses(576,986)(542,591)(1,153,052)(1,039,455)Prior year reserve development15,216—29,194— Acquisition costs(194,912)(188,026)(388,933)(364,055)Underwriting-related general and administrative expenses(124,646)(111,894)(244,238)(233,981)Underwriting income$151,639$115,640$286,180$238,629 Ratios:% PointChange% PointChangeCurrent accident year loss ratio, excluding catastrophe and weather-related losses52.3 %0.551.8 %52.3 %0.451.9 %Catastrophe and weather-related losses ratio3.6 %(1.2)4.8 %4.1 %0.63.5 %Current 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)— %Net losses and loss expenses ratio54.4 %(2.2)56.6 %55.0 %(0.4)55.4 %Acquisition cost ratio18.9 %(0.7)19.6 %19.0 %(0.4)19.4 %Underwriting-related general and administrative expense ratio12.0 %0.311.7 %12.0 %(0.5)12.5 %Combined ratio85.3 %(2.6)87.9 %86.0 %(1.3)87.3 %

nm – not meaningful

59

Gross Premiums Written

Gross premiums written by line of business were as follows:  Three months ended June 30,Six months ended June 30,  20252024% Change20252024%ChangeProperty$645,476 32 %$641,