AXIS Surplus Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2024 and 2023 the two year reserve development was 20.2% and 25.7% deficient respectively. Fair overall results on stability tests (4.3) including weak results on operational trends, excessive premium growth and fair risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.6% of capital. Good long-term capitalization index (5.5) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2023.
Other Rating Factors:
Good overall profitability index (6.8) despite operating losses during 2021. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (18.7%), product liab. (0.6%), comm multi (0.1%), other (80.6%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (86.3%), other (13.7%)
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
26620
Website
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