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Sep 30, 2024
AXIS Capital Q3 2024 Earnings Report
AXIS Capital reported third quarter results with net income available to common shareholders of $173 million and operating income of $230 million.
Key Takeaways
AXIS Capital reported a consistent and profitable third quarter, generating an annualized operating ROE of 17.3% and a group combined ratio of 93.1%. The company continues to focus on attractive growth markets and enhance operating efficiency.
Net income available to common shareholders was $173 million, or $2.04 per diluted common share.
Operating income was $230 million, or $2.71 per diluted common share.
Annualized return on average common equity (ROACE) was 13.0%, with an annualized operating ROACE of 17.3%.
Book value per diluted common share increased to $64.65, a 9.0% increase compared to June 30, 2024.
AXIS Capital
AXIS Capital
AXIS Capital Revenue by Segment
Revenue by Segment
Insurance Revenue
CapyFin.comReinsurance Revenue
CapyFin.com Forward Guidance
No forward guidance provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income