AXIS Specialty Ins Co
Major Rating Factors:
Good long-term capitalization index (5.9 on a scale of 0 to 10) based on good current risk adjusted capital (moderate loss scenarios) reflecting improvement over results in 2020. Fair reserve development (3.4) as reserves have generally been sufficient to cover claims. In 2023 the two year reserve development was 31.4% deficient. Fair profitability index (4.6) with operating losses during 2020. Return on equity has been low, averaging 3.9% over the past five years.
Other Rating Factors:
Good overall results on stability tests (5.8) despite weak risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.8% of capital. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (7.6%), personal/comm auto (2.1%), work comp (0.9%), product liab. (0.5%), fin guar/surety (0.3%), med mal (0.1%), other (88.3%)
Licensed in:
All states except CA, IA, ME, NM, NY, WY
Principal Investments:
Investment grade bonds (87.4%), non investment grade bonds (2.7%), preferred stock (0.2%), other (9.7%)
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
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