C
AXIS Surplus Ins Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2023 the two year reserve development was 25.7% deficient. Good long-term capitalization index (5.2) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good overall profitability index (5.7) despite operating losses during 2019 and 2021. Return on equity has been low, averaging 2.3% over the past five years.
Other Rating Factors: Good overall results on stability tests (6.4) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.8% 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.
Principal Lines of Business: Fire (14.3%), product liab. (0.8%), other (84.9%)
Licensed in: (No states)
Principal Investments: Investment grade bonds (89.8%), other (10.2%)
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
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Corporate Info
Group Affiliation
AXIS Capital Holdings Limited
Investment Rating
AXS
Company Address
10000 Avalon Boulevard
Alpharetta, GA 30009
Phone Number
(678) 746-9400
NAIC Number
26620
Largest Affiliates
C
New York, NY - P&C
C
Alpharetta, GA - P&C
C
Alpharetta, GA - P&C