---
schema_version: "secwatch.filing_event.v1"
accession: "0001214816-24-000009"
form_type: "8-K"
ticker: "AXS"
cik: "0001214816"
company_name: "AXIS CAPITAL HOLDINGS LTD"
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T19:49:15.104336+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# AXIS Capital reports preliminary 2023 net income $346M; strengthens reserves by $425M

## Summary
- Net income available to common shareholders $346M ($4.02 diluted EPS); operating income $486M ($5.65 diluted EPS).
- Current accident year combined ratio improved to 91.8% from 96.3% prior year.
- Book value per diluted share $54.06, up 15.1% over 12 months.
- Strengthened prior year reserves by $425M pre-tax ($361M post-tax) in Q4, mainly liability and professional lines for 2019 and older years.
- Gross premiums written increased $142M (+2%) driven by specialty insurance lines.

## SEC filing metadata
- accession: 0001214816-24-000009
- form_type: 8-K
- ticker: AXS
- cik: 0001214816
- company_name: AXIS CAPITAL HOLDINGS LTD
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1214816/000121481624000009/0001214816-24-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000009/axs-20240123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214816-24-000009
- JSON: https://secwatch.observer/filing/0001214816-24-000009.json
- Plain text: https://secwatch.observer/filing/0001214816-24-000009.txt

## Key facts
- Earnings Releases
  AXIS CAPITAL HOLDINGS LTD reported the year ended December 31, 2023 results: revenue $142 million, or 2%, increase in gross premiums written, net income $346 million, or $4.02 per diluted common share, EPS $4.02 per diluted common share (net income) and $5.65 per diluted common share (operating income).
  - Period: the year ended December 31, 2023
  - Revenue: $142 million, or 2%, increase in gross premiums written
  - Net income: $346 million, or $4.02 per diluted common share
  - EPS: $4.02 per diluted common share (net income) and $5.65 per diluted common share (operating income)
  - Result: preliminary results
  source text: shareholders of $346 million, or $4.02 per diluted common share and operating income of $486 million, or $5.65 per diluted common share, an increase in gross premiums written of $142 million, or 2%, current accident year combined ratio of 91.8%, compared to 96.3% for the prior year, and book value per diluted common share of $54.06, an increase of 15.1% over the past
  evidence_url: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000009/0001214816-24-000009-index.htm

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