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DEBT AND FINANCING ARRANGEMENTS (Tables) | 12 Months Ended
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Dec. 31, 2019
Debt Disclosure [Abstract] |
SCHEDULE OF DEBT | The following table summarizes the Company's debt:
| Year ended December 31, | 2019 |  | 2018 |
| 5.875% Senior Notes | $ | 499,687 |  |  | $ | 498,967 |  |
| 2.650% Senior Notes(1) | — |  |  | 249,885 |  |
| 5.150% Senior Notes | 246,491 |  |  | 246,425 |  |
| 4.000% Senior Notes | 346,997 |  |  | 346,684 |  |
| 3.900% Senior Notes | 295,339 |  |  | — |  |
| Junior Subordinated Notes | 419,643 |  |  | — |  |
| Total Debt | $ | 1,808,157 |  |  | $ | 1,341,961 |  |
(1) | On April 1, 2019, AXIS Specialty Finance PLC, a 100% owned finance subsidiary, repaid $250 million aggregate principal amount of 2.650% Senior Notes at their stated maturity.
The tables below provide the key terms of the Company's debt:
| Description | Issuance Date |  | Aggregate Principal |  | Issue Price |  | Net Proceeds |  | Maturity Date |
| 5.875% Senior Notes | March 23, 2010 |  | 500,000 |  |  | 99.624 | % |  | 495,000 |  |  | June 1, 2020 |
| 5.150% Senior Notes | March 13, 2014 |  | 250,000 |  |  | 99.474 | % |  | 246,000 |  |  | April 1, 2045 |
| 4.000% Senior Notes | December 6, 2017 |  | 350,000 |  |  | 99.780 | % |  | 347,000 |  |  | December 6, 2027 |
| 3.900% Senior Notes | June 19, 2019 |  | 300,000 |  |  | 99.360 | % |  | 296,000 |  |  | July 15, 2029 |
| Junior Subordinated Notes | December 10, 2019 |  | 425,000 |  |  | 99.000 | % |  | 420,750 |  |  | January 15, 2040 |
| Description | Interest Rate |  | Interest Payments Due |
| 5.875% Senior Notes | 5.875 | % |  | Semi-annually in arrears on June 1 and December 1 of each year |
| 5.150% Senior Notes | 5.150 | % |  | Semi-annually in arrears on April 1 and October 1 of each year |
| 4.000% Senior Notes | 4.000 | % |  | Semi-annually in arrears on June 6 and December 6 of each year |
| 3.900% Senior Notes | 3.900 | % |  | Semi-annually in arrears on January 15 and July 15 of each year |
| Junior Subordinated Notes(2) | 4.900 | % |  | Semi-annually on January 15 and July 15 of each year |
(2) The Junior Notes accrue interest from the date of issuance to, but excluding, January 15, 2030 (the "Par Call Date") at the fixed rate of 4.900% and from, and including, the Par Call Date, at a rate equal to the Five-Year Treasury Rate as of the Reset Interest Determination Date, plus 3.186%. Interest of the Junior Notes is payable semi-annually on January 15 and July 15 of each year, beginning on July 15, 2020.
SCHEDULED DEBT MATURITY | The following table provides the scheduled maturity of the Company's debt obligations at December 31, 2019:
| Year ended December 31, |  |
| 2020 | $ | 500,000 |  |
| 2021 | — |  |
| 2022 | — |  |
| 2023 | — |  |
| 2024 | — |  |
| After 2024 | 1,325,000 |  |
| Unamortized discount and debt issuance expenses | (16,843 | ) |
| Total senior notes and notes payable | $ | 1,808,157 |  |

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