Axis Capital Holdings (Axis Capital Holdings) Financial Strength : 6 (As of Dec. 2023)

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What is Axis Capital Holdings Financial Strength?

Axis Capital Holdings has the Financial Strength Rank of 6.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Axis Capital Holdings did not have earnings to cover the interest expense. Axis Capital Holdings's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.27. Altman Z-Score does not apply to banks and insurance companies.

Axis Capital Holdings Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Axis Capital Holdings's Interest Expense for the months ended in Dec. 2023 was $-18 Mil. Its Operating Income for the months ended in Dec. 2023 was $0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $1,523 Mil.

Axis Capital Holdings's Interest Coverage for the quarter that ended in Dec. 2023 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Axis Capital Holdings's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio	=	Total Debt (Q: Dec. 2023 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	1522.605)	/	5650.008
	=	0.27

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* 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) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Axis Capital Holdings has the Financial Strength Rank of 6.

Axis Capital Holdings Financial Strength Related Terms

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Axis Capital Holdings (Axis Capital Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Axis Capital Holdings Ltd (NYSE:AXS) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

AXSpE.PFD:USA AXV:Germany

Address

92 Pitts Bay Road, Pembroke, BMU, HM 08

Website

https://www.axiscapital.com

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.

Executives

Henry B Smith	director	C/O AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Daniel J Draper	officer: Grp Chief Underwriting Officer	52 LIME STREET, LONDON X0 EC3M 7AF
Vincent C Tizzio	officer: CEO, Specialty Ins. and Re.	C/O THE NAVIGATORS GROUP, INC., 6 INTERNATIONAL DRIVE, RYE BROOK NY 10573
Axel Theis	director	92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Michael Millegan	director	C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Charles A Davis	director	1 CAPE MAY ST, 1 CAPE MAY ST, HARRISON NJ 07029
Thomas C. Ramey	director	C/O AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
W Marston Becker	director	C/O ALTERRA HOUSE, 2 FRONT STREET, HAMILTON D0 HM11
Anne Melissa Dowling	director	9965 FEDERAL DRIVE, COLORADO SPRINGS CO 80921
Albert Benchimol	officer: Chief Financial Officer & EVP	AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE BERMUDA D0 HM 08
Michael A Butt	director, officer: Chairman	AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Peter Vogt	officer: EVP and CFO	1211 AVENUE OF THE AMERICAS, 24TH FLOOR, NEW YORK NY 10036
Lizabeth H Zlatkus	director	ONE HARTFORD PLAZA, HARTFORD CT 06155
Kent W Ziegler	officer: Principal Acct Off, Controller	199 WATER STREET, 24TH FLOOR, NEW YORK NY 10038
Elanor Hardwick	director	C/O AXIS CAPITAL HOLDINGS LIMITED, AXIS HOUSE, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08