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Sep 30, 2021
AXIS Capital Q3 2021 Earnings Report
AXIS Capital's financial results for the third quarter of 2021 were announced, reporting net income available to common shareholders.
Key Takeaways
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.
Improved current accident year combined ratio, excluding catastrophe and weather-related losses to 87.6%.
Operating income of $1 million, or $0.01 per diluted common share.
Pre-tax catastrophe and weather-related losses, net of reinsurance and reinstatement premiums, were $250 million, or 20.7 points.
Book value per diluted common share of $54.86, a decrease of $0.64, or 1.2%, compared to June 30, 2021.
Revenue by Segment
Forward Guidance
AXIS is well positioned in key specialty markets and the company is increasingly confident that favorable conditions will continue through 2022 and likely beyond, providing an attractive path to further profitable growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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