Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 97

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 97
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 138,666 191,870 223,818 20208,129 25,094 75,733 118,034 155,974 202113,384 51,736 103,537 166,205 202213,191 53,365 124,788 20239,829 54,318 202412,241 Total1,411,156 All outstanding liabilities before 2015, net of reinsurance59,273 Liabilities for claims and claim adjustment expenses, net of reinsurance$1,409,002 

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

Insurance liabilityAverage annual percentage payout of incurred claims by age, net of reinsurance (unaudited)Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 103.4%10.7%14.8%20.2%13.6%10.7%7.9%4.9%2.4%2.1%Reinsurance SegmentThe presentation of net incurred and paid claims development tables by accident year for the reinsurance segment is challenging due to the need to allocate loss information related to proportional treaties to the appropriate accident years. Information related to proportional treaty reinsurance contracts is generally submitted to the Company via quarterly bordereaux reporting by underwriting year, with a supplemental listing of large losses. Large losses can be allocated to the corresponding accident years accurately. The remaining losses can generally only be allocated to accident years based on estimated premiums earned and loss reporting patterns. To the extent management’s assumptions and allocation procedures differ from the actual loss development patterns, the actual loss development may differ materially from the net incurred and paid claims development presented in the tables below.The reporting of cumulative claims frequency for the lines of business within the reinsurance segment is deemed to be impracticable as the information necessary to provide cumulative claims frequency for these lines of business is not available to the Company.Reinsurance Accident and HealthThe accident and health line of business includes personal accident, specialty health, accidental death, travel, life and disability reinsurance products which are offered on a proportional and catastrophic or per life excess of loss basis. In general, reporting and payment patterns are relatively short although they can