Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 131

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 2
Chunk 131
---
256 9 %74,290 12 %(26%)104,157 6 %113,791 7 %(8%)Marine and aviation18,871 3 %22,881 4 %(18%)52,365 3 %69,015 4 %(24%)Total579,237 98 %616,801 98 %(6%)1,713,548 100 %1,694,424 100 %1%Run-off linesCatastrophe249 1 %4,491 2 %(94%)1,216 — %5,913 — %(79%)Property848 — %2,013 — %(58%)2,493 — %1,857 — %34%Engineering3,202 1 %2,865 — %12%5,028 — %3,898 — %29%Total run-off lines4,299 2 %9,369 2 %(54%)8,737 — %11,668 — %(25%)Total$583,536 100 %$626,170 100 %(7%)$1,722,285 100 %$1,706,092 100 %1%

Gross premiums written for the three months ended June 30, 2025, decreased by $43 million, or 7%, compared to the three months ended June 30, 2024. The decrease was primarily attributable to professional lines, agriculture, accident and health, catastrophe, marine and aviation, liability and property lines, partially offset by an increase in credit and surety, and motor lines. 

The decrease in professional lines was attributable to the timing of renewals of two significant contracts and negative premium adjustments in the three months ended June 30, 2025 due to client retentions compared to positive premium adjustments in the three months ended June 30, 2024 attributable to timing.

The decrease in agriculture lines was due to the non-renewal a significant contract and negative premium adjustments in the three months ended June 30, 2025 associated with challenging market conditions, partially offset by new business and the timing of a renewal. 

The decrease in accident and health lines was driven by a lower level of premiums in the three months ended June 30, 2025, compared to the three months ended June 30,