Axis’ 2023 net reserve strengthening totaled $412mn pre-tax 
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Axis’ 2023 net reserve strengthening totaled $412mn pre-tax 

Kyoung-son Song
24 January 2024
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For full-year 2023, Axis Capital Holdings’ net reserve strengthening was $412mn pre-tax, of which $236mn was attributed to the reinsurance segment and $176mn to insurance.

More than 100% of the reserve charge was due to pre-pandemic years, as the slight release of $40mn that offset the full-year increase of $452mn was from the 2020 to 2022 accident years.

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News Results Axis Capital
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Kyoung-son Song
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