---
schema_version: "secwatch.filing_event.v1"
accession: "0001214816-23-000005"
form_type: "8-K"
ticker: "AXS"
cik: "0001214816"
company_name: "AXIS CAPITAL HOLDINGS LTD"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:13:57.883857+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# AXIS Capital Q4 net income $41M ($0.48) down from $197M; operating income $167M ($1.95); full-year combined ratio 95.8%

## Summary
- Q4 net income $41M ($0.48 per diluted share) vs $197M ($2.31) year ago; operating income $167M ($1.95) vs $182M ($2.13).
- Full year 2022 net income $193M ($2.25) vs $588M ($6.90) in 2021; operating income $498M ($5.81) vs $436M ($5.12).
- Combined ratio improved 1.7 points to 95.8%; pre-tax catastrophe losses $403M vs $443M in 2021.
- Book value per diluted share $46.95, up 7.9% from Q3 2022; adjusted book value $55.49.
- CEO Albert Benchimol to transition role to Vince Tizzio; $15M in executive transition costs recorded in Q4.

## SEC filing metadata
- accession: 0001214816-23-000005
- form_type: 8-K
- ticker: AXS
- cik: 0001214816
- company_name: AXIS CAPITAL HOLDINGS LTD
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1214816/000121481623000005/0001214816-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1214816/000121481623000005/axs-20230125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214816-23-000005
- JSON: https://secwatch.observer/filing/0001214816-23-000005.json
- Plain text: https://secwatch.observer/filing/0001214816-23-000005.txt

## Key facts
- Earnings Releases
  AXIS CAPITAL HOLDINGS LTD reported the year ended December 31, 2022 results: net income $193 million, EPS $2.25 per diluted common share.
  - Period: the year ended December 31, 2022
  - Net income: $193 million
  - EPS: $2.25 per diluted common share
  - Result: reported results
  source text: Net income available to common shareholders for the year ended December 31, 2022 was $193 million, or $2.25 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1214816/000121481623000005/0001214816-23-000005-index.htm
- Earnings Releases
  AXIS CAPITAL HOLDINGS LTD reported the fourth quarter ended December 31, 2022 results: net income $41 million, EPS $0.48 per diluted common share.
  - Period: the fourth quarter ended December 31, 2022
  - Net income: $41 million
  - EPS: $0.48 per diluted common share
  - Result: reported results
  source text: Net income available to common shareholders for the fourth quarter of 2022 was $41 million, or $0.48 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1214816/000121481623000005/0001214816-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.