Axis Capital (AXS) Misses Q3 EPS by 29c

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Go back to Axis Capital (AXS) Misses Q3 EPS by 29c

Axis Capital Reports Third Quarter 2020 Results

October 28, 2020 4:15 PM EDT

For the third quarter of 2020, the Company reports:

Improvement of 5.2 points in current accident year combined ratio, excluding catastrophe and weather-related losses, compared to the same period in the prior year Estimated pre-tax catastrophe and weather-related losses, net of reinsurance and reinstatement premiums, of $240 million, or 22.2 points No change to net loss estimate associated with first party coverages established for the COVID-19 pandemic in first quarter of 2020 Book value per diluted common share of $54.75, a decrease of ($0.34), or (0.6%), compared to June 30, 2020

PEMBROKE, Bermuda--(BUSINESS... More