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Sep 30, 2023
AXIS Capital Q3 2023 Earnings Report
AXIS Capital reported strong third-quarter results, marked by record operating earnings per share and an improved combined ratio.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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