Company: AXS-PE
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001214816-25-000115
Chunk: 2

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 2
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 Payable for investments purchased193,752 269,728 Operating lease liabilities107,289 106,614 Other liabilities430,588 528,421 Total liabilities27,346,375 26,430,914 Shareholders’ equityPreferred shares 550,000 550,000 Common shares (shares issued 2025: 176,580; 2024: 176,580    shares outstanding 2025: 78,651; 2024: 82,984)2,206 2,206 Additional paid-in capital2,374,804 2,394,063 Accumulated other comprehensive income (loss)(152,376)(267,557)Retained earnings7,492,484 7,341,569 Treasury shares, at cost (2025: 97,929; 2024: 93,596)(4,364,319)(3,930,902)Total shareholders’ equity 5,902,799 6,089,379 Total liabilities and shareholders’ equity$33,249,174 $32,520,293 

See accompanying notes to Consolidated Financial Statements.6

AXIS CAPITAL HOLDINGS LIMITED 

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

FOR THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

 Three months ended March 31,20252024 (in thousands, except per share amounts)RevenuesNet premiums earned$1,340,820 $1,258,041 Net investment income207,713 167,383 Other insurance related income3,578 8,340 Net investment gains (losses):(Increase) decrease in allowance for expected credit losses(2,729)4,664 Impairment losses(1,926)(8)Other realized and unrealized investment gains (losses)(25,350)(13,863)Total net investment gains (losses)(30,005)(9,207)Total revenues1,522,106 1,424,557 ExpensesNet losses and loss expenses785,925 728,671 Acquisition costs264,581 254,254 General and administrative expenses159,163 163,373 Foreign exchange losses (gains)57,034 (23,552)Interest expense and financing costs16,572 17,147 Reorganization expenses— 12,299