Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
Axis Capital Holdings's Claims Ratio % for the quarter that ended in Dec. 2023 was 91.10%
, which is higher than
59.30% for the pervious quarter ended in Sep. 2023.
Axis Capital Holdings's Claims Ratio % for the annual that ended in Dec. 2023 was 66.70%
, which is higher than
63.90% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Axis Capital Holdings's Claims Ratio % or its related term are showing as below:
AXS's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Claims Ratio % only.
Axis Capital Holdings Claims Ratio % Historical Data
The historical data trend for Axis Capital Holdings's Claims Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Axis Capital Holdings's Claims Ratio %
For the Insurance - Specialty subindustry, Axis Capital Holdings's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Axis Capital Holdings (NYSE:AXS) Claims Ratio % Calculation
Claims Ratio % is calculated as
Claims Ratio %
=
Total Claims
/
Total Premiums Earned
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Axis Capital Holdings (NYSE:AXS) Claims Ratio % Explanation
Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.
It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.
Axis Capital Holdings Claims Ratio % Related Terms
Thank you for viewing the detailed overview of Axis Capital Holdings's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Axis Capital Holdings (Axis Capital Holdings) Business Description
Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.
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