Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 330

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 330
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 – Actuarial Analysis' for a description of the reserve estimation methods, Expected Loss Ratio Method ("ELR Method"), Loss Development Method (also referred to as the "Chain Ladder Method" or "Link Ratio Method") and Bornhuetter-Ferguson Method ("BF Method") which are commonly employed by our actuaries together with a discussion of their strengths and weaknesses.

98

Refer to Item 8, Note 8 to the Consolidated Financial Statements 'Reserve for Losses and Loss Expenses – Reserving Methodology – Key Actuarial Assumptions', which notes that the most significant assumptions used in our quarterly loss reserving process are expected loss ratios ("ELRs") and loss development patterns.   

Gross Loss Reserves by Line of Business

Gross loss reserves for each of the reportable segments, segregated between case reserves and IBNR, by line of business are shown below:

  20242023At December 31,Case reservesIBNRTotalCase reservesIBNRTotalInsurance segment:Property$571,477 $732,266 $1,303,743 $556,306 $523,713 $1,080,019 Accident and health31,929 112,027 143,956 28,767 89,371 118,137 Marine and aviation542,057 625,448 1,167,505 449,455 532,284 981,739 Cyber167,657 688,807 856,464 192,784 589,018 781,802 Professional lines677,277 2,637,017 3,314,294 685,083 2,523,194 3,208,277 Credit and political risk(1)(30,023)255,181 225,158 (45,138)208,975 163,838 Liability686,990 2,801,593 3,488,583 576,529 2,597,068 3,173,597 Total Insurance2,647,364 7,852,339 10,499,703 2,443,786 7,063,623 9,507,409 Reinsurance segment:Accident and health46,150 205,030 251,180 55,185 177,602 232,787 Agriculture38,557 146,408 184