Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 13

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 13
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 HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)2.    SEGMENT INFORMATION (CONTINUED)

  20252024Three months ended and at June 30,InsuranceReinsuranceTotalInsuranceReinsuranceTotalGross premiums written$1,932,435$583,536$2,515,971$1,814,066$626,170$2,440,236Net premiums written1,290,510344,9241,635,4341,194,197379,5471,573,744Net premiums earned1,032,961360,4701,393,431958,212346,2661,304,478Other insurance related income (loss)68,6568,662(61)8,5878,526Current accident year net losses and loss expenses(576,986)(244,997)(821,983)(542,591)(223,397)(765,988)Net favorable prior year reserve development15,2165,01320,229———Acquisition costs(194,912)(80,985)(275,897)(188,026)(77,065)(265,091)Underwriting-related general and administrative expenses(124,646)(10,595)(135,241)(111,894)(8,874)(120,768)Underwriting income$151,639$37,562189,201$115,640$45,517161,157Net investment income187,297190,975Net investment gains (losses)43,468(53,479)Corporate expenses(25,837)(27,673)Foreign exchange (losses) gains(94,885)7,384Interest expense and financing costs(16,586)(17,010)Reorganization expenses—(14,014)Amortization of intangible assets(2,396)(2,729)Income before income taxes and interest in income (loss) of equity method investments280,262244,611Income tax (expense) benefit(56,199)(40,547)Interest in income (loss) of equity method investments(705)7,900Net income223,358211,964Preferred share dividends7,5637,563Net income available to common shareholders$215,795$204,401Current accident year loss ratio55.9 %68.0 %59.0 %56.6 %64.5 %58.7 %Prior year reserve