AXIS Capital Q2 2022 Earnings Report
Key Takeaways
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%.
Current accident year combined ratio, excluding catastrophe and weather-related losses of 88.4%, an improvement of 0.3 points, compared to the prior year
Annualized return on average common equity (ROACE) of 2.5% and annualized operating ROACE of 13.7%
Gross premiums written increased by $172 million, or 9% ($198 million, or 10%, on a constant currency basis), to $2.1 billion
Net premiums written increased by $113 million, or 9% ($137 million, or 11%, on a constant currency basis), to $1.3 billion
AXIS Capital
AXIS Capital
AXIS Capital Revenue by Segment
Forward Guidance
As we look to the future, we’re well positioned in strong Wholesale and E&S markets and see significant opportunities to drive further profitable growth while delivering value to our customers and advancing our position as a leading specialty underwriter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income