AXIS Capital Q4 net loss $150M, full-year operating income $486M, book value up 15%

AXIS CAPITAL HOLDINGS LTD

2023-FY EPS reported $4.02 revenue$5,643,388,000

Q4 net loss $150M ($1.76 diluted EPS), operating loss $107M ($1.25); includes $425M pre-tax adverse reserve development.
Full-year 2023 net income $346M ($4.02 EPS), operating income $486M ($5.65 EPS); underlying operating income $847M ($9.85 EPS).
Current accident year combined ratio improved 4.5 pts to 91.8% for full year; Q4 improved 3.7 pts to 91.0%.
Book value per share $54.06, up 15.1% YoY; net investment income $187M in Q4, up 27% from prior year.

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 0.9

AXIS CAPITAL HOLDINGS LTD reported the fourth quarter ended December 31, 2023 results: net income Net loss attributable to common shareholders of $(150) million, or $(1.76) per diluted common share, and operating loss, EPS $(1.76) per diluted common share.

Period: the fourth quarter ended December 31, 2023
Net income: Net loss attributable to common shareholders of $(150) million, or $(1.76) per diluted common share, and operating loss
EPS: $(1.76) per diluted common share
Result: reported results

Exact text from the filing

AXIS Capital Reports Fourth Quarter 2023 Results For the fourth quarter of 2023, the Company reports: • Net loss attributable to common shareholders of $(150) million, or $(1.76) per diluted common share, and operating loss of $(107) million, or $(1.25) per diluted common share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AXIS CAPITAL HOLDINGS LTD reported the year ended 2023 results: net income Net income available to common shareholders of $346 million, or $4.02 per diluted common share, and operating income of, EPS $4.02 per diluted common share.

Period: the year ended 2023
Net income: Net income available to common shareholders of $346 million, or $4.02 per diluted common share, and operating income of
EPS: $4.02 per diluted common share
Result: reported results

Exact text from the filing

For the year ended 2023, the Company reports: • Net income available to common shareholders of $346 million, or $4.02 per diluted common share, and operating income of $486 million, or $5.65 per diluted common share

View on SEC.gov

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AXIS CAPITAL HOLDINGS LTD filing history →

Source: SEC EDGAR

accession 0001214816-24-000014

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