Company: AXS-PE
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001214816-25-000115
Chunk: 28

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 28
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MENTS (UNAUDITED)4.    FAIR VALUE MEASUREMENTS (CONTINUED)

The tables below present the financial instruments measured at fair value on a recurring basis for the periods indicated: Quoted prices in active markets for identical assets (Level 1)Significant other observable inputs (Level 2)Significant unobservable inputs (Level 3)Fair value based on NAV practical expedientTotal fair valueAt March 31, 2025AssetsFixed maturities, available for saleU.S. government and agency$2,518,006 $35,837 $— $— $2,553,843 Non-U.S. government— 714,525 — — 714,525 Corporate debt— 4,493,868 133,742 — 4,627,610 Agency RMBS— 1,557,554 — — 1,557,554 CMBS— 856,108 — — 856,108 Non-agency RMBS— 189,739 — — 189,739 ABS— 1,260,731 33,143 — 1,293,874 Municipals— 72,227 — — 72,227  2,518,006 9,180,589 166,885 — 11,865,480 Equity securitiesCommon stocks2,616 — — — 2,616 Preferred stocks3 5,885 — — 5,888 Exchange-traded funds314,508 — — — 314,508 Bond mutual funds— 251,367 — — 251,367  317,127 257,252 — — 574,379 Other investmentsMulti-strategy funds— — — 16,625 16,625 Direct lending funds— — — 167,425 167,425 Private equity funds— — — 329,542 329,542 Real estate funds— — — 291,564 291,564 Other privately held investments— — 97,020 36,386 133,406 — — 97,020 841,542 938,562 Short-term investments— 91,330 — — 91,330 Other assets