AXIS Capital reports Q3 net income of $181M, operating EPS $2.34, combined ratio improves 11.6 pts to 92.7%

AXIS CAPITAL HOLDINGS LTD

2023-Q3 EPS reported $5.77 revenue$4,162,083,000

Net income available to common shareholders of $181M ($2.10 diluted EPS) vs loss of $(17M) in Q3 2022.
Operating income of $202M ($2.34 per share) vs $3M a year ago; record operating EPS for Q3 and YTD.
Combined ratio improved 11.6 pts to 92.7%; catastrophe & weather loss ratio fell 13.4 pts to 3.2%.
Net investment income rose 75% to $154M driven by higher fixed-maturity yields (book yield 4.1%).
Book value per diluted share $51.17, up 21.7% YoY adjusted for dividends.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AXIS CAPITAL HOLDINGS LTD reported the third quarter ended September 30, 2023 results: net income $181 million, EPS $2.10 per diluted common share.

Period: the third quarter ended September 30, 2023
Net income: $181 million
EPS: $2.10 per diluted common share
Result: reported results

Exact text from the filing

Net income available to common shareholders for the third quarter of 2023 was $181 million, or $2.10 per diluted common share

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Source: SEC EDGAR

accession 0001214816-23-000088

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