AXIS Specialty Ins Co
Major Rating Factors:
Fair overall results on stability tests (4.3 on a scale of 0 to 10) including weak risk adjusted capital in prior years and weak results on operational trends. The largest net exposure for one risk is acceptable at 2.7% of capital. Good long-term capitalization index (5.7) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2020. History of adequate reserve strength (5.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good profitability index (4.9) with operating losses during 2020. Excellent expense controls. Return on equity has been fair, averaging 10.4% over the past five years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
All states except CA, IA, ME, NM, NY, WY
Principal Investments:
Common stock (75.1%), investment grade bonds (1.7%), non investment grade bonds (0.9%), preferred stock (0.7%), other (21.5%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
AXIS Capital Holdings Limited
Investment Rating
Company Address
10000 Avalon Boulevard
Alpharetta, GA 30009
Alpharetta, GA 30009
Phone Number
(678) 746-9400
NAIC Number
15610
Website
Largest Affiliates