AXIS Capital Earnings Reports

AXIS Capital reported a strong fourth quarter with a net income available to common shareholders of $286 million, or $3.38 per diluted common share, and operating income of $252 million, or $2.97 per diluted common share. The company's combined ratio was 94.2%, and gross premiums written increased by 11%. For the full year 2024, AXIS Capital reported net income available to common shareholders of $1.1 billion, or $12.35 per diluted common share.

AXIS Capital reported a consistent and profitable third quarter, generating an annualized operating ROE of 17.3% and a group combined ratio of 93.1%. The company continues to focus on attractive growth markets and enhance operating efficiency.

AXIS Capital reported a strong second quarter with net income available to common shareholders of $204 million, or $2.40 per diluted common share, and operating income of $250 million, or $2.93 per diluted common share. The company achieved an annualized operating ROE of 20%, a record operating EPS of $2.93, and a combined ratio of 90.4%.

AXIS Capital reported a strong first quarter with net income available to common shareholders of $388 million, or $4.53 per diluted common share, and operating income of $220 million, or $2.57 per diluted common share. The company capitalized on favorable market conditions, growing gross premiums written by 11% over the prior year period. The specialty insurance business continued to perform strongly, achieving a combined ratio of 86.6% and record first quarter premium production of $1.6 billion.

AXIS Capital reported a net loss attributable to common shareholders of $(150) million and an operating loss of $(107) million for Q4 2023. However, the company saw improvement in its current accident year combined ratio and profitable growth within its core specialty insurance business.

AXIS Capital reported a strong third quarter with net income available to common shareholders of $181 million, or $2.10 per diluted common share, and operating income of $202 million, or $2.34 per diluted common share. The company saw an improvement in its combined ratio to 92.7% and a decrease in catastrophe and weather-related losses ratio to 3.2%.

AXIS Capital reported a strong second quarter with net income available to common shareholders of $143 million, or $1.67 per diluted common share, and operating income of $191 million, or $2.23 per diluted common share. The company saw improvements in its combined ratio and book value per share, driven by profitable growth across target markets and record performance in the specialty insurance business.

AXIS Capital reported a strong first quarter in 2023, with net income available to common shareholders of $173 million and operating income of $200 million. The company's performance reflects its focus on specialty leadership and resilience in a dynamic market environment.

AXIS Capital reported a strong fourth quarter, capping off a milestone year. The company's transformation into a leading specialty underwriter has enabled them to grow in profitable markets and reduce exposure to catastrophes. The combined ratio improved, and there was record premium production and increased underwriting income.

AXIS Capital reported a net loss attributable to common shareholders of $17 million for Q3 2022, driven by pre-tax catastrophe and weather-related losses of $212 million, primarily from Hurricane Ian. However, the company's strategic shift towards specialty insurance and reduced exposure to catastrophes has led to growth in underwriting income and operating income for the year to date.

AXIS Capital reported a net income available to common shareholders of $27 million, or $0.32 per diluted common share, and operating income of $149 million, or $1.74 per diluted common share, for the second quarter of 2022. The company's combined ratio was 93.4% and operating ROE was 13.7%.

AXIS Capital reported strong progress in Q1 2022, with a combined ratio of 91.4%. The company experienced growth in profitable areas, improved book quality, and reduced net catastrophe exposure. The Insurance segment saw 20% premium growth, while the Reinsurance segment strengthened its portfolio and reduced catastrophe lines premium by 45%.

AXIS Capital reported net income available to common shareholders of $197 million, or $2.31 per diluted common share, and operating income of $182 million, or $2.13 per diluted common share for the fourth quarter of 2021. The company's current accident year combined ratio, excluding catastrophe and weather-related losses, improved by 2.3 points compared to the prior year, to 89.5%.

AXIS Capital reported a net income available to common shareholders of $47 million, or $0.56 per diluted common share, for the third quarter of 2021. The company's current accident year combined ratio, excluding catastrophe and weather-related losses, improved by 4.8 points to 87.6% compared to the prior year. Operating income was $1 million, or $0.01 per diluted common share.

AXIS Capital reported a strong second quarter with net income available to common shareholders of $228 million, or $2.67 per diluted common share, and an operating income of $171 million, or $2.00 per diluted common share. The company's core underwriting results were strong, with a current year ex-cat combined ratio of 88.7%.

AXIS Capital reported a net income available to common shareholders of $116 million, or $1.36 per diluted common share, for the first quarter of 2021. The company's results were highlighted by a year-over-year reduction of 4.3 points to its current accident year combined ratio ex-cat and weather, with improvements seen in both segments.

AXIS Capital reported a net loss attributable to common shareholders of $5 million, or $(0.06) per diluted common share, and an operating loss of $16 million, or $(0.20) per diluted common share for the fourth quarter of 2020. The company faced challenges from the COVID-19 pandemic and elevated hurricane activity, but made progress strengthening its core performance.

AXIS Capital reported a net loss attributable to common shareholders of $73 million, or ($0.87) per diluted common share, for the third quarter of 2020, compared to net income of $28 million, or $0.33 per diluted common share, for the third quarter of 2019. The quarter was significantly impacted by catastrophe and weather-related losses, but the company saw positive trends in underlying performance, with a 5.2 point improvement in the current accident year combined ratio, excluding catastrophe and weather-related losses.

AXIS Capital reported a solid second quarter, with net income available to common shareholders of $112 million, or $1.33 per diluted common share, and operating income of $72 million, or $0.84 per diluted common share. The company saw improvements in its current accident year combined ratio and expense ratio, reflecting cost discipline and actions taken to strengthen the portfolio and operating efficiency.

AXIS Capital reported a net loss attributable to common shareholders of $185 million, or ($2.20) per diluted common share, and an ex-PGAAP operating loss of $161 million, or ($1.90) per diluted common share. The results were impacted by estimated pre-tax catastrophe and weather-related losses of $300 million, including $235 million attributable to the COVID-19 pandemic. However, the ex-PGAAP current accident year combined ratio, excluding catastrophe and weather-related losses, improved by 4.2 points.

AXIS Capital reported a net loss attributable to common shareholders of $10 million for the fourth quarter of 2019. The company's performance was affected by a record typhoon season in Japan, poor crop conditions in the U.S., and high loss activity in property and aviation lines. However, strategic actions enabled a reduction in the ex-cat loss ratio.