Axis Capital (AXS) Tops Q4 EPS by 50c
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AXIS Capital Reports Fourth Quarter Net Income Available to Common Shareholders of $41 Million, or $0.48 Per Diluted Common Share and Operating Income of $167 Million, or $1.95 Per Diluted Common Shar
January 25, 2023 4:15 PM ESTFor the fourth quarter of 2022, the Company reports:
Annualized return on average common equity ("ROACE") of 4.2% and annualized operating ROACE of 16.9% Book value per diluted common share of $46.95, an increase of $3.45, or 7.9%, compared to September 30, 2022For the year ended 2022, the Company reports:
Net income available to common shareholders of $193 million, or $2.25 per diluted common share, and operating income of $498 million, or $5.81 per diluted common share Improvement of 1.7 points in the combined ratio to 95.8% Pre-tax catastrophe and weather-related losses, net of reinsurance... More