AXIS Ins Co
Major Rating Factors:
Fair reserve development (3.7 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2023 the two year reserve development was 18.8% deficient. Fair profitability index (4.2) with operating losses during 2020 and 2022. Return on equity has been low, averaging 1.4% over the past five years. Good overall results on stability tests (5.2) despite. The largest net exposure for one risk is high at 4.6% of capital.
Other Rating Factors:
Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (7.1%), fire (2.0%), product liab. (0.4%), fin guar/surety (0.2%), comm multi (0.1%), other (90.2%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (66.8%), common stock (16.8%), non investment grade bonds (1.5%), other (14.9%)
Corporate Info
Group Affiliation
AXIS Capital Holdings Limited
Investment Rating
Company Address
10000 Avalon Boulevard
Alpharetta, GA 30009
Alpharetta, GA 30009
Phone Number
(676) 746-9400
NAIC Number
37273
Website
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