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Dec 31, 2020
AXIS Capital Q4 2020 Earnings Report
AXIS Capital experienced a challenging year due to the COVID-19 pandemic and elevated hurricane activity, but demonstrated underlying progress with improvements in the accident year combined ratio.
Key Takeaways
AXIS Capital reported a net loss attributable to common shareholders of $5 million, or $(0.06) per diluted common share, and an operating loss of $16 million, or $(0.20) per diluted common share for the fourth quarter of 2020. The company faced challenges from the COVID-19 pandemic and elevated hurricane activity, but made progress strengthening its core performance.
Improved current accident year combined ratio by 4.5 points, excluding catastrophe and weather-related losses, compared to the prior year.
Experienced pre-tax catastrophe and weather-related losses of $198 million, including $125 million attributable to the COVID-19 pandemic.
Reported a net loss attributable to common shareholders of $5 million, or $(0.06) per diluted common share.
Increased book value per diluted common share by $0.34, or 1%, compared to September 30, 2020.
Revenue by Segment
Forward Guidance
AXIS Capital did not provide specific forward guidance in this earnings report.
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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