Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 125

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 2
Chunk 125
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, compared to the three months ended June 30, 2024.

The increase in professional lines reflected the increase in gross premiums written for the three months ended June 30, 2025, compared to the three months ended June 30, 2024.

The decrease in property lines was due to the restructuring of a significant existing quota share treaty.

The decrease in cyber lines reflected the decrease in gross premiums written for the three months ended June 30, 2025, compared to the three months ended June 30, 2024. 

Ceded premiums written for the six months ended June 30, 2025 was $1,253 million, or 35%, of gross premiums written, compared to $1,172 million, or 35%, of gross premiums written for the six months ended June 30, 2024. The increase in ceded premiums written of $81 million, or 7%, was primarily driven by increases in accident and health, liability, credit and political risk, professional lines, and cyber lines, partially offset by decreases in property, and marine and aviation lines.

The increase in accident and health lines was attributable to a new quota share treaty and the increase in gross premiums written for the six months ended June 30, 2025, compared to the six months ended June 30, 2024.

The increase in liability lines reflected the increase in gross premiums written for the six months ended June 30, 2025, compared to the six months ended June 30, 2024, partially offset by the restructuring of a significant existing quota share treaty

The increase in credit and political risk, and professional lines reflected the increase in gross premiums written for the six months ended June 30, 2025, compared to the six months ended June 30, 2024.

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The increase in cyber lines was due to higher costs associated with an excess of loss treaty for the six months ended June 30, 2025, compared to the six months ended June 30, 2024, partially offset by the decrease in gross premiums written for the six months ended June 30, 2025, compared to the six months ended June 30, 2024.

The decrease in property lines was due to the restructuring of a significant existing quota share treaty, partially offset by the increase in gross premiums written for the six months ended June 30, 2025, compared to the six months ended June 30, 2024. 

The decrease in