Axis Capital (AXS) Tops Q2 EPS by 49c
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AXIS Capital Reports Second Quarter Net Income Available to Common Shareholders of $112 Million, or $1.33 Per Diluted Common Share and Operating Income of $72 Million, or $0.84 Per Diluted Common Shar
July 28, 2020 4:15 PM EDTFor the second quarter of 2020, the Company reports:
Improvement of 4.6 points in current accident year combined ratio, excluding catastrophe and weather-related losses, compared to the same period in the prior year Net investment income of $45 million for the quarter, reduced from $93 million in the first quarter of 2020, primarily attributable to negative returns from credit and real estate funds Book value per diluted common share of $55.09, an increase of $5.31, or 11%, compared to March 31, 2020 No change to net claims provision established for the COVID-19 pandemic in first quarter of... More