Axis Capital Q2 net income $143M, operating income $191M; combined ratio improves to 91.5%

AXIS CAPITAL HOLDINGS LTD

2023-Q2 EPS reported $3.68 revenue$2,728,087,000

Net income available to common shareholders of $143M ($1.67/diluted share) vs $27M ($0.32) in Q2 2022.
Operating income of $191M ($2.23/diluted share) vs $149M ($1.74) a year ago; annualized operating ROACE 17.2%.
Combined ratio improved 1.9 points to 91.5%; best second quarter premium production in company history.
Net investment income $137M, up 49% from $92M in Q2 2022, driven by higher fixed-maturity yields.
Book value per diluted common share $50.98, up 1.3% from March 31, 2023; adjusted for dividends up 2.2%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AXIS CAPITAL HOLDINGS LTD reported for the second quarter ended June 30, 2023 results: net income $143 million, EPS $1.67.

Period: for the second quarter ended June 30, 2023
Net income: $143 million
EPS: $1.67
Result: reported results

Exact text from the filing

Net income available to common shareholders for the second quarter of 2023 was $143 million, or $1.67 per diluted common share, compared to net income available to common shareholders of $27 million, or $0.32 per diluted common share, for the second quarter of 2022.

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Source: SEC EDGAR

accession 0001214816-23-000072

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