XML 47 R33.htm IDEA: XBRL DOCUMENT v3.22.0.1
SCHEDULE III - SUPPLEMENTARY INSURANCE INFORMATION
 12 Months Ended
Dec. 31, 2021
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, 2021
(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$212,681 $7,803,529 $2,716,240 $2,651,339 $— $1,514,998 $484,344 $429,282 $2,894,885 
Reinsurance252,912 6,849,565 1,374,436 2,058,511 — 1,493,785 437,490 107,552 2,031,739 
Corporate— — — — 454,301 — — 126,470 — 
Total$465,593 $14,653,094 $4,090,676 $4,709,850 $454,301 $3,008,783 $921,834 $663,304 $4,926,624 
 At and year ended December 31, 2020
(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$176,749 $7,310,498 $2,295,763 $2,299,038 $— $1,697,014 $461,533 $378,839 $2,357,501 
Reinsurance254,690 6,616,268 1,390,123 2,072,271 — 1,584,238 467,984 99,129 1,978,908 
Corporate— — — — 349,601 — — 101,822 — 
Total$431,439 $13,926,766 $3,685,886 $4,371,309 $349,601 $3,281,252 $929,517 $579,790 $4,336,409 
 At and year ended December 31, 2019
(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$191,925 $6,496,568 $2,115,664 $2,190,084 $— $1,278,679 $468,281 $401,963 $2,209,155 
Reinsurance300,194 6,255,513 1,510,582 2,397,094 — 1,766,119 556,301 103,772 2,280,460 
Corporate— — — — 478,572 — — 129,096 — 
Total$492,119 $12,752,081 $3,626,246 $4,587,178 $478,572 $3,044,798 $1,024,582 $634,831 $4,489,615 
(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 $126 million, $102 million, and $129 million for the years ended December 31, 2021, 2020 and 2019, 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.