Company: AXS-PE
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001214816-25-000056
Chunk: 101

Company: AXIS CAPITAL HOLDINGS LTD
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 101
---
$65,845 $92,954 $94,511 $94,848 $95,442 $95,431 $95,586 $96,198 $96,237 20169,489 61,772 107,559 109,092 108,564 108,324 108,364 108,915 108,609 20177,444 124,429 137,338 138,468 137,308 137,255 136,431 133,133 20185,115 127,449 135,514 141,607 138,233 143,905 144,073 201928,854 154,426 174,094 178,098 177,587 179,673 202017,454 47,254 54,101 55,182 55,589 20212,952 32,715 45,895 48,518 202215,344 55,371 75,383 202314,591 47,580 20243,654 Total892,449 All outstanding liabilities before 2015, net of reinsurance162 Liabilities for claims and claim adjustment expenses, net of reinsurance$177,971 

188

AXIS CAPITAL HOLDINGS LIMITEDNOTES TO CONSOLIDATED FINANCIAL STATEMENTSDECEMBER 31, 2024, 2023 AND 20228.    RESERVE FOR LOSSES AND LOSS EXPENSES (CONTINUED)

Reinsurance agricultureAverage annual percentage payout of incurred claims by age, net of reinsurance (unaudited)Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 1010.5%59.2%19.1%2.4%(0.5%)1.1%(0.1%)(0.6%)0.2%—%Reinsurance Marine and AviationThe marine line of business includes specialty marine exposures such as cargo, hull, pleasure craft, marine liability, inland marine and offshore energy. The principal perils covered by policies in this portfolio include physical loss, damage and/or liability arising from natural perils of the seas or land, man-made events including fire and explosion, stranding/sinking/salvage, pollution, shipowners and maritime employers liability. This business is written on a non-pro