Company: AXS-PE
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001214816-25-000181
Chunk: 123

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 2
Chunk 123
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, compared to $1,723 million, or 35%, of gross premiums written for the nine months ended September 30, 2024. The increase in ceded premiums written of $137 million, or 8%, was primarily driven by increases in accident and health, professional lines and credit and political risk lines, partially offset by a decrease in property lines. The increase in accident and health lines was attributable to a new quota share treaty and the increase in gross premiums written for the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024. The increases in professional lines and credit and political risk lines reflected the increase in gross premiums written for the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024.

The decrease in property lines was due to the restructuring of an existing quota share treaty, partially offset by the increase in gross premiums written for the nine months ended September 30, 2025, compared to the nine months ended September 30, 2024. 

Net Premiums Earned 

Net premiums earned by line of business were as follows:

  Three months ended September 30,Nine months ended September 30,  20252024%Change20252024%ChangeProperty$343,557 31 %$301,546 30 %14%$994,471 33 %$829,209 28 %20%Professional lines224,869 21 %218,087 21 %3%639,348 20 %614,560 21 %4%Liability142,198 13 %127,285 12 %12%388,405 12 %372,062 13 %4%Cyber74,802 7 %88,292 9 %(15%)233,174 7 %257,440 9 %(9%)Marine and aviation169,397 16 %151,001 15 %12%478,986 15 %450,375 16 %6%Accident and health80,246 7 %95,670 9 %(16%)249,749 8 %267,628 9 %(7%)Credit and political risk50,543 5 %41,970 4 %20%144,525 5 %108,737 4 %