AXIS Ins Co
Major Rating Factors:
Fair reserve development (3.8 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 (4.7) with operating losses during 2020 and 2022. Fair overall results on stability tests (3.9) including weak results on operational trends. The largest net exposure for one risk is high at 4.2% of capital.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
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 (6.7%), fin guar/surety (3.8%), fire (2.5%), comm multi (1.0%), other (86.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (68.6%), common stock (19.2%), non investment grade bonds (1.4%), other (10.8%)
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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