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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.
Revenue by Segment
Forward Guidance
No forward guidance provided in the press release.
Revenue & Expenses
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