AXIS Surplus Ins Co
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%)
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
26620
Website
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