Company: AXS-PE
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001214816-25-000181
Chunk: 9

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 9
---
INE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024 Nine months ended20252024 (in thousands)Cash flows from operating activities:Net income$719,289 $788,153 Adjustments to reconcile net income to net cash (used in) provided by operating activities:Net investment (gains) losses (1) (41,182)30,503 Net realized and unrealized gains on other investments(54,970)(38,435)Amortization of fixed maturities(30,431)(26,886)Interest in income of equity method investments(3,669)(10,689)Other amortization and depreciation41,155 42,171 Share-based compensation expense34,136 33,474 Changes in:Accrued interest receivable(3,690)(20,109)Reinsurance recoverable on unpaid losses and loss expenses(2,208,757)(499,090)Reinsurance recoverable on paid losses and loss expenses(147,701)79,146 Deferred acquisition costs(118,275)(125,034)Prepaid reinsurance premiums(229,249)(108,082)Reserve for losses and loss expenses778,520 885,904 Unearned premiums788,621 714,994 Insurance and reinsurance balances, net(200,657)(78,166)Other items5,562 (178,588)Net cash (used in) provided by operating activities(671,298)1,489,266 Cash flows from investing activities:Purchases of:Fixed maturities, available for sale(6,994,026)(7,264,647)Fixed maturities, held to maturity(111,574)(100,755)Equity securities(83,460)(111,865)Mortgage loans(10,435)(3,078)Other investments(71,984)(52,660)Equity method investments(9,359)(12,389)Short-term investments(235,568)(196,418)Proceeds from the sale of:Fixed maturities, available for sale5,423,967 4,942,272 Equity securities98,617 154,644 Other investments84,364 100,818 Short-term investments310,909 34,169 Proceeds from redemption of fixed maturities, available for sale1,087,336 1,184,455 Proceeds from