AXIS Capital Announces Publication of the Company's 2022 Loss Development Triangles

Rhea-AI Summary

AXIS Capital Holdings Limited has published its 2022 Loss Development Triangles, which provides data on paid, incurred, and ultimate losses for its 15 lines of business. The report is available on the Company's website.

Positive

• The publication of the 2022 Loss Development Triangles provides valuable data on AXIS Capital's performance and potential profitability.

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• No negative takes found.

PEMBROKE, Bermuda--(BUSINESS WIRE)-- AXIS Capital Holdings Limited ("AXIS Capital" or the "Company") (NYSE: AXS) today announced the publication of the Company's 2022 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, 2022, on an accident-year basis and includes paid, incurred and ultimate losses, net of reinsurance, and is provided for the 15 lines 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 specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders' equity of $5.0 billion at March 31, 2023 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 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.

Follow AXIS Capital on LinkedIn and Twitter.
LinkedIn: http://bit.ly/2kRYbZ5

View source version on businesswire.com: https://www.businesswire.com/news/home/20230524005770/en/

Miranda Hunter (Investor Contact): (441) 405-2635; investorrelations@axiscapital.com

Nichola Liboro (Media Contact): (212) 940-3394; nichola.liboro@axiscapital.com

Source: AXIS Capital Holdings Limited

FAQ

Where can I find the 2022 Loss Development Triangles report?

The report is available on AXIS Capital's website.

What does the report include?

The report includes data on paid, incurred, and ultimate losses for the Company's 15 lines of business.

What is the significance of the report?

The report provides insights into AXIS Capital's performance and potential profitability.