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SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION | 12 Months Ended
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Dec. 31, 2024
SEC Schedule, 12-16, Insurance Companies, Supplementary Insurance Information [Abstract] |
SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION | AXIS CAPITAL HOLDINGS LIMITED SUPPLEMENTARY INSURANCE INFORMATION
|  | At and year ended December 31, 2024
(in thousands) |  | Deferred acquisition costs |  | Reserve for losses and loss expenses |  | Unearned premiums |  | Net premiums earned |  | Net investment income(1) |  | Net losses and loss expenses |  | Acquisition costs |  | Other operating expenses(2) |  | Net premiums written
Insurance |  | $ | 343,476 |  |  | $ | 10,499,703 |  |  | $ | 3,859,162 |  |  | $ | 3,926,036 |  |  | $ | — |  |  | $ | 2,245,420 |  |  | $ | 766,915 |  |  | $ | 485,929 |  |  | $ | 4,250,545 |
Reinsurance |  | 181,361 |  |  | 6,719,226 |  |  | 1,352,703 |  |  | 1,380,199 |  |  | — |  |  | 913,067 |  |  | 303,636 |  |  | 50,513 |  |  | 1,506,806 |
Corporate |  | — |  |  | — |  |  | — |  |  | — |  |  | 759,229 |  |  | — |  |  | — |  |  | 129,760 |  |  | — |
Total |  | $ | 524,837 |  |  | $ | 17,218,929 |  |  | $ | 5,211,865 |  |  | $ | 5,306,235 |  |  | $ | 759,229 |  |  | $ | 3,158,487 |  |  | $ | 1,070,551 |  |  | $ | 666,202 |  |  | $ | 5,757,351 |
|  | At and year ended December 31, 2023
(in thousands) |  | Deferred acquisition costs |  | Reserve for losses and loss expenses |  | Unearned premiums |  | Net premiums earned |  | Net investment income(1) |  | Net losses and loss expenses |  | Acquisition costs |  | Other operating expenses(2) |  | Net premiums written
Insurance |  | $ | 298,249 |  |  | $ | 9,507,409 |  |  | $ | 3,507,519 |  |  | $ | 3,461,700 |  |  | $ | — |  |  | $ | 2,080,001 |  |  | $ | 648,463 |  |  | $ | 472,094 |  |  | $ | 3,758,720 |
Reinsurance |  | 152,701 |  |  | 6,926,609 |  |  | 1,240,083 |  |  | 1,622,081 |  |  | — |  |  | 1,313,101 |  |  | 352,482 |  |  | 79,373 |  |  | 1,343,605 |
Corporate |  | — |  |  | — |  |  | — |  |  | — |  |  | 611,742 |  |  | — |  |  | — |  |  | 132,979 |  |  | — |
Total |  | $ | 450,950 |  |  | $ | 16,434,018 |  |  | $ | 4,747,602 |  |  | $ | 5,083,781 |  |  | $ | 611,742 |  |  | $ | 3,393,102 |  |  | $ | 1,000,945 |  |  | $ | 684,446 |  |  | $ | 5,102,325 |
|  | At and year ended December 31, 2022
(in thousands) |  | Deferred acquisition costs |  | Reserve for losses and loss expenses |  | Unearned premiums |  | Net premiums earned |  | Net investment income(1) |  | Net losses and loss expenses |  | Acquisition costs |  | Other operating expenses(2) |  | Net premiums written
Insurance |  | $ | 249,407 |  |  | $ | 8,381,593 |  |  | $ | 3,077,628 |  |  | $ | 3,134,155 |  |  | $ | — |  |  | $ | 1,785,854 |  |  | $ | 577,838 |  |  | $ | 443,704 |  |  | $ | 3,377,906 |
Reinsurance |  | 224,162 |  |  | 6,787,270 |  |  | 1,283,819 |  |  | 2,026,171 |  |  | — |  |  | 1,456,556 |  |  | 444,179 |  |  | 106,585 |  |  | 1,885,150 |
Corporate |  | — |  |  | — |  |  | — |  |  | — |  |  | 418,829 |  |  | — |  |  | — |  |  | 130,054 |  |  | — |
Total |  | $ | 473,569 |  |  | $ | 15,168,863 |  |  | $ | 4,361,447 |  |  | $ | 5,160,326 |  |  | $ | 418,829 |  |  | $ | 3,242,410 |  |  | $ | 1,022,017 |  |  | $ | 680,343 |  |  | $ | 5,263,056 |
(1)The Company evaluates underwriting results of its reportable segments separately from the performance of its investment portfolio. Therefore, the Company believes it is appropriate to exclude net investment income from its underwriting profitability measure. (2)Amounts related to the Company's reportable segments reflect underwriting-related general and administrative expenses, which includes those general and administrative expenses that are incremental and/or directly attributable to the Company's underwriting operations. Underwriting-related general and administrative expenses is a non-GAAP financial measure as defined in Item 10(e) of SEC Regulation S-K. The reconciliation to general and administrative expenses, the most comparable GAAP financial measure, presented in the table above, also includes corporate expenses of $130 million, $133 million, and $130 million for the years ended December 31, 2024, 2023 and 2022, respectively. Corporate expenses include holding company costs necessary to support our worldwide insurance and reinsurance operations and costs associated with operating as a publicly-traded company. As these costs are not incremental and/or directly attributable to the Company's underwriting operations, these expenses are excluded from underwriting-related general and administrative expenses.

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- Definition The entire disclosure for supplementary insurance information by segment. Includes, but is not limited to, deferred policy acquisition cost; future policy benefit, loss, claim and loss expenses; unearned premium; other policy claim and benefit payable; premium revenue; net investment income; benefit, claim, loss and settlement expenses; amortization of deferred policy acquisition cost; other operating expense; and premium written. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 16 -Paragraph Column J -Footnote 3 -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 16 -Paragraph Column G -Footnote 3 -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-16(Column G)(Footnote 3)) -SubTopic 235 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477965/944-235-S99-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-16(Column J)(Footnote 3)) -SubTopic 235 -Topic 944 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477965/944-235-S99-1 + Details
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