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Mar 31, 2023
AXIS Capital Q1 2023 Earnings Report
AXIS Capital delivered strong performance, advancing its strategy to achieve specialty leadership, demonstrating resilience despite dynamic market conditions.
Key Takeaways
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.
Net income available to common shareholders was $173 million, or $2.01 per diluted common share.
Operating income was $200 million, or $2.33 per diluted common share.
Annualized return on average common equity (ROACE) was 16.2%, and annualized operating ROACE was 18.8%.
Book value per diluted common share was $50.31.
AXIS Capital
AXIS Capital
AXIS Capital Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income