AXIS INS CO
Major Rating Factors:
Good liquidity (6.3 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (4.2) with operating losses during 2020 and 2022. Return on equity has been low, averaging 2.9% over the past five years. Fair overall results on stability tests (4.7) including weak results on operational trends and negative cash flow from operations for 2022. Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (8.7%), comm multi (1.3%), fire (0.6%), product liab. (0.3%), fin guar/surety (0.1%), other (89.0%)
Licensed in:
All states except PR
Principal Investments:
Investment grade bonds (68.5%), common stock (13.3%), non investment grade bonds (2.7%), cash (0.4%), other (15.1%)
Corporate Info
Group Affiliation
AXIS Specialty Ltd
Investment Rating
Company Address
111 South Wacker Drive Suite 3
CHICAGO, IL 60606
CHICAGO, IL 60606
Phone Number
(678) 746-9476
NAIC Number
37273
Website
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