AXIS Capital Q1 net income $173M, operating EPS $2.33; CEO Benchimol to step down May 4

AXIS CAPITAL HOLDINGS LTD

2023-Q1 EPS reported $2.01 revenue$1,344,357,000

Net income $173M ($2.01 diluted EPS); operating income $200M ($2.33 diluted EPS).
Combined ratio 91%; Specialty Insurance gross written premiums $1.4B (record first quarter).
Book value per diluted share $50.31, up 7.2% from Dec 31, 2022.
Net investment income $134M, up from $91M YoY driven by higher fixed-income yields.
CEO Albert Benchimol to step down; Vince Tizzio becomes President and CEO effective May 4, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AXIS CAPITAL HOLDINGS LTD reported the first quarter ended March 31, 2023 results: net income $173 million, EPS $2.01 per diluted common share.

Period: the first quarter ended March 31, 2023
Net income: $173 million
EPS: $2.01 per diluted common share
Result: reported results

Exact text from the filing

AXIS Capital Reports First Quarter Net Income Available to Common Shareholders of $173 Million, or $2.01 Per Diluted Common Share and Operating Income of $200 Million, or $2.33 Per Diluted Common Share

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Source: SEC EDGAR

accession 0001214816-23-000048

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