Axis Capital (AXS) Tops Q3 EPS by 36c

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Go back to Axis Capital (AXS) Tops Q3 EPS by 36c

AXIS Capital Reports Third Quarter Net Income Available to Common Shareholders of $181 Million, or $2.10 Per Diluted Common Share and Operating Income of $202 Million, or $2.34 Per Diluted Common Shar

November 1, 2023 4:15 PM EDT

For the third quarter of 2023, the Company reports:

Annualized return on average common equity ("ROACE") of 16.1% and annualized operating ROACE of 18.0% Improvement of 11.6 points in the combined ratio to 92.7% Catastrophe and weather-related losses ratio of 3.2%, a decrease of 13.4 points

For the nine months ended September 30, 2023, the Company reports:

Net income available to common shareholders of $496 million, or $5.77 per diluted common share and operating income of $593 million, or $6.90 per diluted common share Annualized return on average common equity ("ROACE") of 15.4% and annualized... More