AXIS Capital Q3 2023 Earnings Report
Key Takeaways
AXIS Capital reported a strong third quarter with net income available to common shareholders of $181 million, or $2.10 per diluted common share, and operating income of $202 million, or $2.34 per diluted common share. The company saw an improvement in its combined ratio to 92.7% and a decrease in catastrophe and weather-related losses ratio to 3.2%.
Annualized return on average common equity (ROACE) of 16.1% and annualized operating ROACE of 18.0%.
Combined ratio improved by 11.6 points to 92.7%.
Catastrophe and weather-related losses ratio decreased by 13.4 points to 3.2%.
Gross premiums written increased by 12% to $1.9 billion.
AXIS Capital
AXIS Capital
AXIS Capital Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the document.
Revenue & Expenses
Visualization of income flow from segment revenue to net income