Company: AXS-PE
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001214816-25-000181
Chunk: 75

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 75
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 and aviation8,602 2 %11,059 3 %(22%)60,968 3 %80,073 4 %(24%)Total431,333 100%403,681 100 %7%2,144,880 100 %2,098,104 100 %2%Run-off linesCatastrophe(510)—%1,564 (1%)nm706 — %7,477 — %(91%)Property577 — %1,800 — %(68%)3,071 — %3,657 — %(16%)Engineering902 — %2,181 1 %(59%)5,930 — %6,079 — %(2%)Total run-off lines969 — %5,545 — %(83%)9,707 — %17,213 — %(44%)Total$432,302 100 %$409,226 100 %6%$2,154,587 100 %$2,115,317 100 %2%

Gross premiums written for the three months ended September 30, 2025, increased by $23 million, or 6% ($19 million, or 5%, on a constant currency basis), compared to the three months ended September 30, 2024. The increase was primarily attributable to agriculture, liability, motor, and credit and surety lines, partially offset by a decrease in accident and health, and professional lines. 

The increase in agriculture lines was primarily due to new business. The increase in liability lines was due to positive premium adjustments in the three months ended September 30, 2025, compared to negative premium adjustments in the three months ended September 30, 2024, and a higher level of premiums related to several contracts associated with favorable market conditions, partially offset by non-renewals attributable to underwriting actions, together with client retentions. The increase in motor lines was attributable to a higher level of premiums related to one proportional contract and a higher level of positive premium adjustments related to non-proportional business associated with favorable market conditions, partially offset by the timing of renewals of several contracts. The increase in credit and surety lines was driven by new credit and political risk business and new surety business, a higher level of positive premium adjustments, together with the timing of renewals of both credit contracts and