Axis Capital (AXS) Provides Initial Comments on First Quarter Results

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Go back to Axis Capital (AXS) Provides Initial Comments on First Quarter Results

AXIS Capital Provides Initial Comments on First Quarter Results

April 14, 2021 4:15 PM EDT

PEMBROKE, Bermuda--(BUSINESS WIRE)-- AXIS Capital Holdings Limited ("AXIS Capital" or the "Company") (NYSE: AXS) today announced a preliminary first quarter net loss estimate for catastrophes and other weather-related events in the range of $105 million to $115 million, pre-tax ($95 million to $105 million, after-tax).

The pre-tax net loss estimate includes an amount of $80 million to $90 million for Winter Storms Uri and Viola, principally related to the state of Texas, and is consistent with industry insured losses of approximately $13 billion to $14 billion. The Company also reaffirmed no change to its net loss estimate established for the... More