---
schema_version: "secwatch.filing_event.v1"
accession: "0001214816-23-000072"
form_type: "8-K"
ticker: "AXS"
cik: "0001214816"
company_name: "AXIS CAPITAL HOLDINGS LTD"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T17:05:57.942803+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001214816-23-000072
- form_type: 8-K
- ticker: AXS
- cik: 0001214816
- company_name: AXIS CAPITAL HOLDINGS LTD
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1214816/000121481623000072/0001214816-23-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1214816/000121481623000072/axs-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214816-23-000072
- JSON: https://secwatch.observer/filing/0001214816-23-000072.json
- Plain text: https://secwatch.observer/filing/0001214816-23-000072.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1214816/000121481623000072/0001214816-23-000072-index.htm

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