Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 34

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 34
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organization expenses(28,997)Amortization of intangible assets(10,917)Income before income taxes and interest in income of equity method investments398,445 Income tax (expense) benefit(26,316)Interest in income of equity method investments4,163 Net income376,292 Preferred share dividends30,250 Net income available to common shareholders$346,042 Current accident year loss ratio55.0 %66.4 %58.6 %Prior year reserve development ratio5.1 %14.6 %8.1 %Net losses and loss expenses ratio60.1 %81.0 %66.7 %Acquisition cost ratio18.7 %21.7 %19.7 %General and administrative expense ratio13.7 %4.9 %13.5 %Combined ratio92.5 %107.6 %99.9 %Goodwill and intangible assets$287,684 $— $287,684 

135

AXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDECEMBER 31, 2024, 2023, AND 20223.    SEGMENT INFORMATION (CONTINUED)

At and year ended December 31, 2022InsuranceReinsuranceTotalGross premiums written$5,585,581 $2,629,014 $8,214,595 Net premiums written3,377,906 1,885,150 5,263,056 Net premiums earned3,134,155 2,026,171 5,160,326 Other insurance related income559 12,514 13,073 Current accident year net losses and loss expenses(1,802,204)(1,465,739)(3,267,943)Net favorable prior year reserve development16,350 9,183 25,533 Acquisition costs(577,838)(444,179)(1,022,017)Underwriting-related general and administrative expenses(443,704)(106,585)(550,289)Underwriting income$327,318 $31,365 358,683 Net investment income418,829 Net investment gains (losses)(456,789)Corporate expenses(130,054)Foreign exchange gains157,945 Interest expense and financing costs(63,146)Reorganization expenses(31,426)