Axis Capital (AXS) Misses Q1 EPS by 68c
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AXIS Capital Reports First Quarter 2020 Results
May 4, 2020 4:15 PM EDTFor the first quarter of 2020, the Company reports:
Net loss attributable to common shareholders of $185 million, or ($2.20) per diluted common share, and ex-PGAAP operating loss of $161 million, or ($1.90) per diluted common share Estimated pre-tax catastrophe and weather-related losses, net of reinsurance and reinstatement premiums, of $300 million, or 26.9 points, including $235 million, or 21.3 points attributable to the COVID-19 pandemic Current accident year combined ratio, excluding catastrophe and weather-related losses decreased by 3.8 points and ex-PGAAP current accident year combined ratio, excluding catastrophe and weather-related losses decreased by 4.2 points Book value per... More