Company: AXS-PE
Filing Date: 2025-07-29
Form Type: 10-Q
Source: 0001214816-25-000149
Chunk: 81

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-07-29
Form: 10-Q
Item: Item 1
Chunk 81
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 months ended June 30, 2025, from 64.5% for the three months ended June 30, 2024. 

During the three months ended June 30, 2025, catastrophe and weather-related losses, net of reinsurance, were $0.2 million. Comparatively, during the three months ended June 30, 2024, catastrophe and weather-related losses, were $1 million, or 0.3 points, attributable to weather-related events. 

Adjusting for the impact of the catastrophe and weather-related losses, the current accident year loss ratio increased to 67.9% for the three months ended June 30, 2025, from 64.2% for the three months ended June 30, 2024, principally due to higher loss ratios and the impact of loss trends over pricing in most lines of business, partially offset by the change in business mix attributable to the increase in credit and surety business written in the recent periods which is associated with a relatively lower loss ratio in the three months ended June 30, 2025. In addition, the current accident year loss ratio in the three months ended June 30, 2024 benefited from improved loss experience in marine and aviation lines, partially offset by elevated loss experience in engineering lines.

The current accident year loss ratio increased to 68.4% for the six months ended June 30, 2025, from 66.3% for the six months ended June 30, 2024. 

During the six months ended June 30, 2025, catastrophe and weather-related losses, net of reinsurance, were $2 million, or 0.2 points, attributable to California Wildfires. Comparatively, during the six months ended June 30, 2024, catastrophe and weather-related losses, were $2 million, or 0.3 points, attributable to weather-related events. 

Adjusting for the impact of the catastrophe and weather-related losses, the current accident year loss ratio increased to 68.2% for the six months ended June 30, 2025, from 66.0% for the six months ended June 30, 2024, principally due to higher loss ratios in liability, and accident and health lines of business, together with the impact of loss trends over pricing in all lines of business, partially offset by the change in business mix attributable to the increase in credit and surety business written in the recent periods which is associated