Insurance Day is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

Menu

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction
Tags:
Reinsurance Companies House Bermuda

Axis Capital Holdings results 2010

  • Analysis

Axis Capital Holdings Ltd consolidated results year ended 31 December ● US$ mn Category 2006 2007 2008 2009 2010 Gross written premium 3,609.04 3,590.09 3,390.39 3,587.30 3,750.54 Net written premium 2,989.18 2,863.76 2,666.88 2,816.43 3,147.54 Increased NWP % 12.4 (4.2) (6.9) 5.6 11.8 Retention % 82.8 79.8 78.7 78.5 83.9 Net earned premium 2,694.27 2,734.41 2,687.18 2,791.76 2,947.41 Claims incurred 1,425.86 1,370.26 1,712.77 1,423.87 1,677.13 Claims incurred % NEP 52.9 50.1 63.7 51.0 56.9 Operating expenses 596.53 630.03 629.08 713.58 863.15 Operating expenses % NWP 20.0 22.0 23.6 25.3 27.4 Underwriting result 674.77 738.03 306.66 524.64 409.20 Underwriting result % NWP 22.6 25.8 11.5 18.6 13.0 Combined ratio % 77.3 75.3 89.8 79.3 88.70 Life GWP - - - - - Life NWP - - - - - Life result - - - - - Net investment income 407.10 482.87 247.24 464.48 406.89 Net realised gains/(losses) (25.70) 5.23 (85.27) (311.58) 195.10 Pre-tax result 996.90 1,133.51 407.49 539.86 895.40 Pre-tax % NWP 33.4 39.6 15.3 19.2 28.4 Net result 963.06 1,092.02 387.38 497.89 856.72 Shareholders' funds 4,412.65 5,158.62 4,461.04 5,500.24 5,624.97 Solvency margin % 147.6 180.1 167.3 195.3 178.70 Unearned premium reserve 2,015.56 2,146.09 2,162.40 2,209.40 2,333.68 Outstanding claims reserve 3,655.96 4,289.77 4,930.23 5,183.08 5,491.74 Total technical provisions 5,671.52 6,435.86 7,092.63 7,392.48 7,825.42 Technical reserves as % NWP 189.7 224.7 266.0 262.5 248.6 Overall coverage as % NWP 337.4 404.9 433.2 457.8 427.3

Table

View full table

Topics

Tags:
Reinsurance Companies House Bermuda
UsernamePublicRestriction

Register

ID020638

Ask The Analyst

Ask The Analyst - Ask Your Question Send your question to our team of expert analysts. You can: • Ask for background information on/explanation of articles in Insurance Day * • Find out more about our views on industry developments • Ask for an interpretation of market trends • Source supplementary data relating to articles • Request explanations to further your understanding of current issues (* This relates to any Insurance Day that is included as part of your subscription) We will do the research and get back to you personally with the information you need.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By