Company: AXS-PE
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001214816-25-000181
Chunk: 13

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 13
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  ContentsAXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)2.    SEGMENT INFORMATION

The Company's underwriting operations are organized around its global underwriting platforms, AXIS Insurance and AXIS Re. The Company has determined that it has two reportable segments, insurance and reinsurance.InsuranceThe Company's insurance segment offers specialty insurance products to a variety of markets on a worldwide basis. The product lines in this segment are property, professional lines, liability, cyber, marine and aviation, accident and health, and credit and political risk.ReinsuranceThe Company's reinsurance segment provides treaty reinsurance to insurance companies on a worldwide basis. The product lines in this segment are liability, professional lines, motor, accident and health, credit and surety, agriculture, marine and aviation, and run-off lines which include catastrophe and property lines of business that the Company placed into run-off in 2022 and engineering lines of business that the Company placed into run-off in 2020.The Company does not allocate its assets by segment, with the exception of goodwill and intangible assets.The following tables present the underwriting results of the Company's reportable segments, as well as the carrying amounts of allocated goodwill and intangible assets: 

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Table of ContentsAXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)2.    SEGMENT INFORMATION (CONTINUED)

  20252024Three months ended and at September 30,InsuranceReinsuranceTotalInsuranceReinsuranceTotalGross premiums written$1,691,882$432,302$2,124,184$1,526,676$409,226$1,935,902Net premiums written1,084,947268,0421,352,989975,911260,0741,235,985Net premiums earned1,085,612366,2711,451,8831,023,851342,8501,366,701Other insurance related income2616,3326,593936,7456,838Current accident year net losses and loss expenses(610,650)(249,731)(860,381)(606,663)(233,221)(839,884)Net favorable prior year reserve development14,8434,10318,9464,0094,0038,012Acquisition costs(205,440)(80,178)(285,618)(203,255)(71,680)(274,