SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION

12 Months Ended

Dec. 31, 2017

Supplementary Insurance Information [Abstract]

SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION

AXIS CAPITAL HOLDINGS LIMITED

SUPPLEMENTARY INSURANCE INFORMATION




	At and year ended December 31, 2017
(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	$	152,070	$	7,164,364	$	2,225,647	$	2,106,363	$	—	$	1,661,032	$	332,749	$	344,012	$	2,087,734
Reinsurance	321,991		5,833,189		1,415,752		2,042,397		—		1,626,740		490,842		105,471		1,939,409
Corporate	—		—		—		—		400,805		—		—		129,945		—
Total	$	474,061	$	12,997,553	$	3,641,399	$	4,148,760	$	400,805	$	3,287,772	$	823,591	$	579,428	$	4,027,143

	At and year ended December 31, 2016
(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	$	128,880	$	5,345,655	$	1,574,164	$	1,777,321	$	—	$	1,141,933	$	251,120	$	346,857	$	1,807,125
Reinsurance	309,756		4,352,172		1,395,334		1,928,304		—		1,062,264		495,756		135,844		1,945,849
Corporate	—		—		—		—		353,335		—		—		120,016		—
Total	$	438,636	$	9,697,827	$	2,969,498	$	3,705,625	$	353,335	$	2,204,197	$	746,876	$	602,717	$	3,752,974

	At and year ended December 31, 2015
(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	$	119,186	$	5,291,218	$	1,494,068	$	1,798,191	$	—	$	1,154,928	$	261,208	$	341,658	$	1,759,359
Reinsurance	352,596		4,355,067		1,266,821		1,888,226		—		1,021,271		456,904		145,253		1,915,307
Corporate	—		—		—		—		305,336		—		—		109,910		—
Total	$	471,782	$	9,646,285	$	2,760,889	$	3,686,417	$	305,336	$	2,176,199	$	718,112	$	596,821	$	3,674,666


(1)	We evaluate the underwriting results of each of our reportable segments separately from the performance of our investment portfolio. As such, we believe it is appropriate to exclude net investment income from our underwriting profitability measure.

(2)

Amounts related to our reportable segments reflect underwriting-related general and administrative expenses, which includes those general and administrative expenses that are incremental and/or directly attributable to our individual underwriting operations. 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 our individual underwriting operations, we exclude them from underwriting-related general and administrative expenses. The reconciliation of underwriting-related general and administrative expenses to general and administrative expenses, the most comparable GAAP measure, is presented in Item 7 'Management’s Discussion and Analysis of Financial Condition and Results of Operations – Executive summary, Results of Operations'.