Combined Ratio % is a profitability metric of an insurance company to measure its performance in daily operations. It measures the money flowing out of an insurance company in the form of dividends, expenses, and losses.
Axis Capital Holdings's Combined Ratio % for the quarter that ended in Dec. 2023 was 124.60%
, which is higher than
92.70% for the pervious quarter ended in Sep. 2023.
Axis Capital Holdings's Combined Ratio % for the annual that ended in Dec. 2023 was 99.90%
, which is higher than
97.50% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for Axis Capital Holdings's Combined Ratio % or its related term are showing as below:
AXS's Combined Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Combined Ratio % only.
Axis Capital Holdings Combined Ratio % Historical Data
The historical data trend for Axis Capital Holdings's Combined 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 Combined Ratio %
For the Insurance - Specialty subindustry, Axis Capital Holdings's Combined Ratio %, along with its competitors' market caps and Combined 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) Combined Ratio % Calculation
Combined Ratio % is calculated as:
Combined Ratio %
=
( Incurred Losses
+
Expenses )
/
Earned Premium
*
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) Combined Ratio % Explanation
Combined Ratio % measures the money flowing out of an insurance company in the form of dividends, expenses and losses. A ratio below 100 percent suggests that the company is making an underwriting profit, while a ratio above 100 percent means that it paid more in the claim than it received. However, a ratio above 100 percent does not necessarily mean the company is losing money because the investment income is not included in the calculation.
Compared to Claims Ratio % and Expense Ratio %, the combined ratio is most important because it provides a comprehensive measure of an insurer's profitability.
Axis Capital Holdings Combined Ratio % Related Terms
Thank you for viewing the detailed overview of Axis Capital Holdings's Combined 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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