Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 84

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 84
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762 576,747 2019145,556 251,877 298,564 335,077 323,935 328,429 2020181,138 420,774 474,714 523,474 553,239 2021133,671 284,332 319,737 338,393 202296,815 259,261 323,805 202390,343 206,885 2024111,368 Total3,524,536 All outstanding liabilities before 2015, net of reinsurance13,825 Liabilities for claims and claim adjustment expenses, net of reinsurance$810,674 

176

AXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDECEMBER 31, 2024, 2023 AND 20228.    RESERVE FOR LOSSES AND LOSS EXPENSES (CONTINUED)

Insurance propertyAverage annual percentage payout of incurred claims by age, net of reinsurance (unaudited)Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 1031.2%40.2%13.2%5.7%0.6%0.5%(0.6%)1.7%0.7%1.1%Insurance Accident and HealthThe accident and health line of business includes personal accident, travel insurance and specialty health products for employer and affinity groups, and pet insurance.In general, reporting and payment patterns are relatively short although they can be volatile due to the incidence of catastrophe events. An increase in limited benefits medical business written in 2017 resulted in a significant increase in reported claims observed in that year and subsequent years.Insurance accident and healthIncurred claims and allocated claim adjustment expenses, net of reinsuranceAt December 31, 2024For the years ended December 31,Total of incurred-but-not-reported liabilities plus expected development on reported claimsCumulative number of reported claimsAccident year2015 unaudited2016 unaudited2017 unaudited2018 unaudited2019 unaudited2020 unaudited2021 unaudited2022 unaudited2023 unaudited20242015$70,003 $68,570 $65,066 $63,278 $63,844 $63,527 $62,860 $63,519