AXIS Capital Q1 2022 Earnings Report
Key Takeaways
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%.
Net income available to common shareholders was $142 million, or $1.65 per diluted common share.
Operating income was $180 million, or $2.09 per diluted common share.
The combined ratio improved by 7.5 points to 91.4%.
Annualized return on average common equity (ROACE) was 12.0%, and annualized operating ROACE was 15.3%.
AXIS Capital
AXIS Capital
AXIS Capital Revenue by Segment
Forward Guidance
AXIS Capital did not provide specific forward guidance in the provided document. The focus is on building on positive momentum, driving sustained profitable growth, enhancing efficiency, and achieving top quintile performance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income