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Jun 30, 2023
AXIS Capital Q2 2023 Earnings Report
AXIS Capital reported strong top- and bottom-line results, driven by profitable growth and record performance in specialty insurance.
Key Takeaways
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.
Net income available to common shareholders was $143 million, or $1.67 per diluted common share.
Operating income was $191 million, or $2.23 per diluted common share.
The combined ratio improved by 1.9 points to 91.5%.
Book value per diluted common share increased to $50.98, a 1.3% increase compared to March 31, 2023.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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