SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION

AXIS CAPITAL HOLDINGS LIMITED

SUPPLEMENTARY INSURANCE INFORMATION




	At and year ended December 31, 2013
(in thousands)	Deferred Acquisition Costs		Reserve for Losses and Loss Expenses		Unearned Premiums		Net Premiums Earned		Net Investment Income⁽¹⁾		Losses And Loss Expenses		Amortization of Deferred Acquisition Costs		Other Operating Expenses⁽²⁾		Net Premiums Written
Insurance	$	150,109	$	4,873,184	$	1,548,653	$	1,722,762	$	—	$	1,050,402	$	242,363	$	347,684	$	1,813,538
Reinsurance	306,013		4,708,956		1,135,196		1,984,303		—		1,083,793		421,828		137,450		2,114,662
Corporate	—		—		—		—		409,312		—		—		90,256		—
Total	$	456,122	$	9,582,140	$	2,683,849	$	3,707,065	$	409,312	$	2,134,195	$	664,191	$	575,390	$	3,928,200

	At and year ended December 31, 2012
(in thousands)	Deferred Acquisition Costs		Reserve for Losses and Loss Expenses		Unearned Premiums		Net Premiums Earned		Net Investment Income⁽¹⁾		Losses And Loss Expenses		Amortization of Deferred Acquisition Costs		Other Operating Expenses⁽²⁾		Net Premiums Written
Insurance	$	128,311	$	4,492,553	$	1,456,318	$	1,558,058	$	—	$	953,564	$	226,859	$	314,834	$	1,522,245
Reinsurance	260,937		4,566,178		998,374		1,857,405		—		1,142,464		400,794		116,487		1,815,211
Corporate	—		—		—		—		380,957		—		—		129,660		—
Total	$	389,248	$	9,058,731	$	2,454,692	$	3,415,463	$	380,957	$	2,096,028	$	627,653	$	560,981	$	3,337,456

	At and year ended December 31, 2011
(in thousands)	Deferred Acquisition Costs		Reserve for Losses and Loss Expenses		Unearned Premiums		Net Premiums Earned		Net Investment Income⁽¹⁾		Losses And Loss Expenses		Amortization of Deferred Acquisition Costs		Other Operating Expenses⁽²⁾		Net Premiums Written
Insurance	$	142,743	$	4,081,741	$	1,412,699	$	1,429,687	$	—	$	919,319	$	199,583	$	278,147	$	1,466,134
Reinsurance	264,784		4,343,304		1,041,763		1,885,274		—		1,755,733		387,886		103,915		1,953,300
Corporate	—		—		—		—		362,430		—		—		77,089		—
Total	$	407,527	$	8,425,045	$	2,454,462	$	3,314,961	$	362,430	$	2,675,052	$	587,469	$	459,151	$	3,419,434


(1)	As we evaluate the underwriting results of each of our reportable segments separately from the results of our investment portfolio, we do not allocate net investment income to our reportable segments.

(2)

Amounts related to our reportable segments reflect underwriting-related general and administrative expenses, including those incurred directly by segment personnel and certain corporate overhead costs allocated based on estimated consumption, headcount and other variables deemed relevant. Other corporate overhead costs, which are are not incremental and/or directly attributable to our individual underwriting operations, are not allocated to our reportable segments and are presented separately as corporate expenses.

- Definition

The entire disclosure for required supplementary insurance information giving segment detail in support of various balance sheet and income statement captions. The balance sheet information generally is presented as of the date of each audited balance sheet filed, and the income statement information generally is presented for each period for which an audited income statement is required to be filed. Supplementary insurance information table includes segment name; deferred policy acquisition costs; future policy benefits, losses, claims and loss expenses; unearned premiums; other policy claims and benefits payable; premium revenue; net investment income; benefits, claims, losses and settlement expenses; amortization of deferred policy acquisition costs; other operating expenses; and premiums written.

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