AXIS INS CO
Major Rating Factors:
History of adequate reserve strength (5.4 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Fair profitability index (3.8) with operating losses during 2017, 2020 and the first six months of 2022. Return on equity has been low, averaging 1.8% over the past five years. Fair overall results on stability tests (4.1). Strong long-term capitalization index (7.7) 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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Acc & health (8.5%), personal/comm auto (8.1%), comm multi (2.4%), fire (0.5%), product liab. (0.4%), homeowners (0.3%), fin guar/surety (0.1%), other (79.7%)
Licensed in:
All states except PR
Principal Investments:
Investment grade bonds (69.3%), common stock (12.1%), other (18.6%)
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) 746-9400
NAIC Number
37273
Website
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