Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 283

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 7
Chunk 283
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648)(1,802,204)Prior year reserve development16,209 (176,353)16,350 Acquisition costs(766,915)(648,463)(577,838)Underwriting-related general and administrative expenses(485,929)(472,094)(443,704)Underwriting income$427,866 $260,944 $327,318 Ratios:% PointChange % PointChangeCurrent accident year loss ratio, excluding catastrophe and weather-related losses52.1 %0.351.8 %0.851.0 %Catastrophe and weather-related losses ratio5.5 %2.33.2 %(3.3)6.5 %Current accident year loss ratio57.6 %2.655.0 %(2.5)57.5 %Prior year reserve development ratio(0.4 %)(5.5)5.1 %5.6(0.5 %)Net losses and loss expenses ratio57.2 %(2.9)60.1 %3.157.0 %Acquisition cost ratio19.5 %0.818.7 %0.318.4 %Underwriting-related general and administrative expense ratio12.4 %(1.3)13.7 %(0.5)14.2 %Combined ratio89.1 %(3.4)92.5 %2.989.6 %

nm – not meaningful

65

Gross Premiums Written

Gross premiums written by line of business were as follows:        % ChangeYear ended December 31,2024202320222023 to 20242022 to 2023Professional lines$1,162,323 18 %$1,140,695 19 %$1,322,966 24 %2 %(14 %)Property2,050,329 31 %1,736,586 28 %1,357,489 24 %18 %28 %Liability1,251,603 19 %1,256,951 20 %1,138,645 20 %— %10 %Cyber561,937 8 %649,160 11 %644,746 12 %(13 %)1 %Marine and aviation815,168 12 %771,162