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Dec 31, 2022
AXIS Capital Q4 2022 Earnings Report
AXIS Capital reported fourth-quarter net income available to common shareholders of $41 million and operating income of $167 million.
Key Takeaways
AXIS Capital reported a strong fourth quarter, capping off a milestone year. The company's transformation into a leading specialty underwriter has enabled them to grow in profitable markets and reduce exposure to catastrophes. The combined ratio improved, and there was record premium production and increased underwriting income.
Net income available to common shareholders for the fourth quarter of 2022 was $41 million, or $0.48 per diluted common share.
Operating income for the fourth quarter of 2022 was $167 million, or $1.95 per diluted common share.
Gross premiums written increased by $196 million, or 13%, to $1.8 billion.
Net premiums written increased by $149 million, or 16%, to $1.1 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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