Axis capital holdings ltd (AXS)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Investments:
Fixed maturities, available for sale, at fair value (Amortized cost 2020: $12,166,126; 2019: $12,263,240 Allowance for expected credit losses 2020: $20,019)

12,076

12,468

12,616

12,522

11,874

11,435

11,767

11,739

11,801

12,622

11,086

11,424

11,191

11,397

11,566

11,563

11,838

11,719

12,139

12,005

12,012

12,129

12,444

12,598

12,095

11,986

11,984

11,644

11,973

11,928

11,794

11,504

11,440

10,940

10,736

10,758

10,726

10,482

10,664

10,064

9,718

Equity securities, at fair value (Cost 2020: $390,941; 2019: $398,956)

404

474

429

433

418

381

433

417

435

635

659

738

653

638

644

626

637

597

689

659

601

567

629

744

708

701

650

618

617

666

650

631

757

677

567

648

502

349

251

201

204

Mortgage loans, held for investment, at fair value (Allowance for expected credit losses 2020: $nil)

517

432

407

394

313

298

333

344

364

325

360

349

339

349

332

327

267

206

129

79

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investments, at fair value

797

770

779

802

795

787

833

916

1,009

1,009

830

813

780

830

847

865

859

816

800

853

939

965

946

1,044

1,005

1,045

994

962

972

843

838

798

769

699

643

623

554

519

533

547

570

Equity method investments

94

117

113

112

110

108

112

110

108

108

108

109

111

116

111

113

-

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments, at fair value

77

38

12

32

41

144

156

168

56

83

15

10

13

127

39

41

29

34

7

30

38

107

114

100

296

46

84

45

98

108

91

71

50

149

149

187

132

172

129

131

129

Total investments

13,967

14,302

14,359

14,297

13,554

13,155

13,635

13,696

13,776

14,784

13,060

13,445

13,089

13,459

13,542

13,537

13,632

13,386

13,765

13,628

13,591

13,769

14,135

14,488

14,106

13,780

13,714

13,271

13,662

13,546

13,375

13,005

13,017

12,466

12,097

12,217

11,915

11,524

11,577

10,944

10,622

Cash and cash equivalents

755

1,241

763

712

1,151

1,232

1,053

1,089

1,227

948

1,350

728

1,165

1,039

848

792

777

988

992

989

996

921

1,290

1,044

1,205

923

1,049

1,010

799

759

799

751

1,021

981

935

871

963

929

1,057

1,092

788

Restricted cash and cash equivalents

485

335

444

382

455

597

698

437

416

415

280

286

286

202

229

200

174

186

188

190

273

287

117

145

88

64

60

105

56

90

69

121

151

100

265

195

122

115

147

104

75

Accrued interest receivable

76

78

81

82

78

80

76

79

73

81

68

72

69

74

71

71

71

73

75

78

79

83

91

91

89

97

98

95

95

97

95

97

93

98

95

97

94

96

92

94

89

Insurance and reinsurance premium balances receivable (Allowance for expected credit losses 2020: $7,924)

3,485

3,071

3,322

3,732

3,667

3,007

3,463

3,810

3,892

3,012

2,968

3,050

2,891

2,313

2,694

2,885

2,690

1,967

2,169

2,394

2,241

1,808

2,112

2,422

2,292

1,688

1,920

2,166

2,015

1,474

1,712

1,888

1,900

1,413

1,665

1,987

1,880

1,343

1,536

1,722

1,292

Reinsurance recoverable on unpaid losses and loss expenses

4,101

3,877

3,705

3,564

3,555

3,501

3,439

3,289

3,129

3,159

2,360

2,184

2,070

2,334

2,336

2,270

2,116

2,096

2,036

2,063

1,921

1,926

1,947

1,954

1,912

1,929

1,899

1,981

1,895

1,863

1,789

1,792

1,766

1,770

1,759

1,774

1,688

1,577

1,551

1,545

1,424

Reinsurance recoverable on paid losses and loss expenses

357

327

252

364

321

280

-

-

-

179

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred acquisition costs

611

492

586

657

703

566

682

708

721

474

562

591

609

438

545

624

646

471

544

594

616

466

556

623

634

456

505

543

561

389

460

502

547

407

477

494

498

359

402

419

302

Prepaid reinsurance premiums

1,281

1,101

1,243

1,291

1,271

1,013

1,114

1,157

1,015

809

734

733

645

556

582

498

436

396

416

387

357

351

351

337

299

330

340

331

300

315

293

271

227

238

239

245

212

221

234

271

301

Securities lending collateral

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

107

129

Receivable for investments sold

34

35

9

25

10

32

2

16

19

11

9

18

40

14

2

3

1

26

7

1

13

0

6

0

1

1

1

1

12

1

7

0

7

3

86

3

-

0

0

0

12

Goodwill

102

102

102

102

102

102

102

102

102

102

87

86

84

47

85

85

86

86

87

101

88

88

88

90

90

89

91

91

97

97

98

98

99

99

98

103

102

103

89

90

91

Intangible assets

227

230

233

236

238

241

247

250

253

257

-

-

-

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Value of business acquired

7

8

11

15

22

35

58

97

150

206

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets

140

111

116

132

143

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

315

287

263

271

280

285

268

283

307

317

335

300

293

295

283

278

344

302

274

276

278

250

266

247

274

273

251

247

214

215

195

192

191

225

223

206

195

174

154

165

175

Total assets

25,948

25,604

25,495

25,870

25,557

24,132

24,843

25,018

25,087

24,760

21,818

21,499

21,246

20,813

21,222

21,249

20,978

19,981

20,557

20,704

20,458

19,955

20,965

21,446

20,997

19,634

19,932

19,846

19,710

18,852

18,897

18,721

19,025

17,806

17,943

18,196

17,673

16,445

16,846

16,558

15,306

Liabilities
Reserve for losses and loss expenses

13,082

12,752

12,498

12,254

12,275

12,280

12,025

11,952

12,034

12,997

10,787

9,878

9,541

9,697

9,874

9,782

9,716

9,646

9,703

9,693

9,443

9,596

9,751

9,805

9,667

9,582

9,484

9,342

9,097

9,058

8,751

8,600

8,599

8,425

8,334

8,402

8,013

7,032

6,934

6,718

6,564

Unearned premiums

4,395

3,626

4,153

4,503

4,535

3,635

4,242

4,594

4,659

3,641

3,521

3,704

3,629

2,969

3,453

3,708

3,586

2,760

3,107

3,324

3,293

2,735

3,142

3,411

3,372

2,683

2,990

3,209

3,135

2,454

2,770

2,958

2,965

2,454

2,805

2,981

2,938

2,333

2,614

2,781

2,209

Insurance and reinsurance balances payable

1,263

1,349

1,276

1,484

1,440

1,338

1,301

1,282

1,251

899

670

677

514

493

461

416

344

356

301

296

266

249

244

272

207

234

261

292

208

270

239

211

181

206

179

196

141

164

123

199

173

Debt

1,808

1,808

1,388

1,387

1,342

1,341

1,377

1,377

1,376

1,376

993

993

993

992

992

992

992

991

991

991

991

990

1,490

1,490

1,490

995

995

995

995

995

995

994

994

994

994

994

994

994

993

993

499

Securities lending payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

108

132

Payable for investments purchased

123

32

89

181

159

111

220

186

144

100

122

95

83

62

141

144

135

9

303

213

196

188

189

237

162

21

174

234

169

64

105

112

114

151

127

154

164

20

91

79

0

Operating lease liabilities

143

115

115

133

144

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

292

375

388

359

359

393

403

372

355

403

268

257

253

325

272

241

253

350

322

237

221

315

265

221

218

248

238

210

215

228

180

145

270

129

144

133

231

275

240

181

227

Total liabilities

21,109

20,060

19,909

20,303

20,257

19,102

19,570

19,765

19,822

19,418

16,363

15,606

15,016

14,541

15,196

15,285

15,027

14,115

14,730

14,756

14,412

14,075

15,084

15,437

15,119

13,766

14,145

14,284

13,821

13,072

13,041

13,023

13,126

12,361

12,586

12,863

12,484

10,820

10,997

11,062

9,806

Commitments and Contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

-

0

-

-

-

Shareholders’ equity
Preferred shares

550

775

775

775

775

775

775

775

775

775

775

775

1,126

1,126

625

625

625

627

627

627

627

627

627

627

627

627

627

627

502

502

502

502

750

500

500

500

500

500

500

500

500

Common shares (shares issued 2020: 176,580; 2019: 176,580 shares outstanding 2020: 84,298; 2019: 83,959)

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

1

1

1

1

1

Additional paid-in capital

2,307

2,317

2,309

2,303

2,296

2,308

2,304

2,295

2,289

2,299

2,291

2,283

2,276

2,299

2,307

2,302

2,296

2,241

2,230

2,285

2,287

2,285

2,273

2,261

2,247

2,240

2,225

2,213

2,199

2,179

2,165

2,153

2,117

2,105

2,095

2,085

2,074

2,059

2,046

2,038

2,014

Accumulated other comprehensive income (loss)

-89

171

176

156

29

-177

-162

-163

-85

92

141

84

0

-121

98

63

17

-188

-117

-78

-17

-45

22

272

182

117

130

24

310

362

373

240

278

128

50

218

155

176

371

221

85

Retained earnings

5,836

6,056

6,101

6,108

5,976

5,912

6,145

6,135

6,076

5,979

6,051

6,551

6,499

6,527

6,430

6,285

6,198

6,194

6,093

5,875

5,842

5,715

5,581

5,331

5,170

5,062

4,921

4,813

4,769

4,497

4,576

4,383

4,246

4,155

4,105

3,923

3,853

4,267

4,033

3,824

3,569

Treasury shares, at cost (2020: 92,282; 2019: 92,621 shares)

3,766

3,778

3,779

3,779

3,779

3,791

3,792

3,792

3,793

3,807

3,807

3,804

3,674

3,561

3,438

3,314

3,190

3,010

3,010

2,764

2,765

2,763

2,689

2,539

2,403

2,232

2,120

2,119

1,894

1,764

1,763

1,584

1,494

1,446

1,396

1,395

1,395

1,381

1,103

1,090

671

Total shareholders’ equity

4,839

5,544

5,585

5,566

5,300

5,030

5,272

5,253

5,264

5,341

5,454

5,892

6,230

6,272

6,025

5,964

5,950

5,866

5,826

5,948

5,977

5,821

5,818

5,955

5,827

5,817

5,787

5,561

5,889

5,779

5,856

5,697

5,899

5,444

-

-

-

-

-

-

-

Noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

69

58

61

52

51

50

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Total shareholders equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,826

5,948

6,046

5,879

5,880

6,008

5,878

5,867

-

-

-

5,779

-

-

-

-

5,357

5,332

5,189

5,624

5,848

5,495

5,500

Total liabilities and shareholders’ equity

25,948

25,604

25,495

25,870

25,557

24,132

24,843

25,018

25,087

24,760

21,818

21,499

21,246

20,813

21,222

21,249

20,978

19,981

20,557

20,704

20,458

19,955

20,965

21,446

20,997

19,634

19,932

19,846

19,710

18,852

18,897

18,721

19,025

17,806

17,943

18,196

17,673

16,445

16,846

16,558

15,306