Axis Capital (AXS) Tops Q2 EPS by 23c

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AXIS Capital Reports Second Quarter Net Income Available to Common Shareholders of $27 Million, or $0.32 Per Diluted Common Share and Operating Income of $149 Million, or $1.74 Per Diluted Common Shar

July 26, 2022 4:15 PM EDT

For the second quarter of 2022, the Company reports:

Current accident year combined ratio, excluding catastrophe and weather-related losses of 88.4%, an improvement of 0.3 points, compared to the prior year Annualized return on average common equity ("ROACE") of 2.5% and annualized operating ROACE of 13.7%

For the six months ended June 30, 2022, the Company reports:

Current accident year combined ratio, excluding catastrophe and weather-related losses of 87.8%, an improvement of 1.2 points, compared to the prior year Annualized return on average common equity ("ROACE") of 7.5% and annualized operating... More