Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 291

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 291
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, partially offset by the increase in gross premiums written for 2024, compared to 2023.

The decrease in catastrophe lines reflected the decrease in gross premiums written for 2024, compared to 2023 following the exit from this line of business in June 2022.

Net Premiums Earned

Net premiums earned by line of business were as follows:

              % ChangeYear ended December 31,2024202320222023 to 20242022 to 2023Liability$309,265 22 %$403,239 25 %$484,681 24 %(23 %)(17 %)Accident and health322,932 23 %341,806 21 %368,747 18 %(6 %)(7 %)Professional lines169,074 12 %205,404 13 %250,911 12 %(18 %)(18 %)Credit and surety231,780 17 %236,408 15 %192,926 10 %(2 %)23 %Motor123,545 9 %155,942 10 %205,774 10 %(21 %)(24 %)Agriculture126,549 9 %121,628 7 %122,289 6 %4 %(1 %)Marine and aviation64,609 5 %65,658 4 %78,504 4 %(2 %)(16 %)Run-off linesCatastrophe13,412 2 %33,963 1 %156,232 7 %(61 %)(78 %)Property6,266 — %44,508 3 %135,480 7 %(86 %)(67 %)Engineering12,767 1 %13,525 1 %30,627 2 %(6 %)(56 %)Total run-off lines32,445 3 %91,996 5 %322,339 16 %(65 %)(71 %)Total$1,380,199 100 %$1,622,081 100 %$2,026,171 100 %(15 %)(20 %)

Net premiums earned in 2024 decreased by $242 million, or 15%, ($225 million, or 14%, on a constant currency basis),