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AXIS Capital Announces Publication of the Company's 2021 Loss Development Triangles
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
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Rhea-AI Summary
AXIS Capital Holdings Limited (NYSE: AXS) has published its 2021 Loss Development Triangles, detailing paid, incurred, and ultimate losses across 11 reserving classes within its Insurance and Reinsurance segments. The data is effective as of December 31, 2021, and is accessible on the Company’s website. As of March 31, 2022, AXIS Capital reported shareholders' equity of $5.1 billion. The Company operates globally, offering specialty insurance and treaty reinsurance with ratings of 'A+' from Standard & Poor's and 'A' from A.M. Best.
Positive
Shareholders' equity reported at $5.1 billion as of March 31, 2022.
Strong ratings of 'A+' and 'A' from Standard & Poor's and A.M. Best, respectively.
Negative
None.
PEMBROKE, Bermuda--(BUSINESS WIRE)--
AXIS Capital Holdings Limited ("AXIS Capital" or the "Company") (NYSE: AXS) today announced the publication of the Company's 2021 Loss Development Triangles. A copy of this document is available in the Investor Information section of the Company's website, www.axiscapital.com.
The data is presented as of December 31, 2021, on an accident-year basis and includes paid, incurred and ultimate losses, net of reinsurance, and is provided for the 11 reserving classes of business that fall under the Company's two reportable segments, Insurance and Reinsurance.
About AXIS Capital
AXIS Capital, through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance with shareholders' equity of $5.1 billion at March 31, 2022 and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit the Company's website at www.axiscapital.com.
Website and Social Media Disclosure
The Company uses its website (www.axiscapital.com) and its corporate LinkedIn (AXIS Capital) and corporate Twitter (@AXIS_Capital) accounts as channels of distribution of Company information. The information posted through these channels may be deemed material. Accordingly, investors should monitor these channels, in addition to following the Company's press releases, SEC filings and public conference calls and webcasts. In addition, e-mail alerts and other information about AXIS Capital may be received by those enrolled in the Company's "E-mail Alerts" program, which can be found in the Investor Information section of the Company's website (www.axiscapital.com). The contents of the Company's website and social media channels are not part of this press release.
