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Dec 31, 2021

AXIS Capital Q4 2021 Earnings Report

AXIS Capital reported a strong fourth quarter with an annualized operating ROE of 15% and progress in repositioning its portfolio.

Key Takeaways

AXIS Capital reported net income available to common shareholders of $197 million, or $2.31 per diluted common share, and operating income of $182 million, or $2.13 per diluted common share for the fourth quarter of 2021. The company's current accident year combined ratio, excluding catastrophe and weather-related losses, improved by 2.3 points compared to the prior year, to 89.5%.

Net income available to common shareholders for the fourth quarter of 2021 was $197 million, or $2.31 per diluted common share.

Operating income for the fourth quarter of 2021 was $182 million, or $2.13 per diluted common share.

Improvement of 2.3 points in current accident year combined ratio, excluding catastrophe and weather-related losses, compared to the prior year, to 89.5%.

Annualized operating return on average common equity of 15.1%.

Total Revenue
$1.39B
Previous year: $1.28B
+9.1%
EPS
$2.13
Previous year: -$0.2
-1165.0%
Gross Profit
$1.39B
Previous year: $1.28B
+9.1%
Cash and Equivalents
$845M
Previous year: $903M
-6.5%
Total Assets
$27.4B
Previous year: $25.9B
+5.8%

AXIS Capital

AXIS Capital

AXIS Capital Revenue by Segment

Forward Guidance

AXIS Capital did not provide specific forward guidance in the earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income