---
schema_version: "secwatch.filing_event.v1"
accession: "0001214816-24-000014"
form_type: "8-K"
ticker: "AXS"
cik: "0001214816"
company_name: "AXIS CAPITAL HOLDINGS LTD"
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T13:02:13.599127+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001214816-24-000014
- form_type: 8-K
- ticker: AXS
- cik: 0001214816
- company_name: AXIS CAPITAL HOLDINGS LTD
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000014/0001214816-24-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000014/axs-20240131.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001214816-24-000014
- JSON: https://secwatch.observer/filing/0001214816-24-000014.json
- Plain text: https://secwatch.observer/filing/0001214816-24-000014.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000014/0001214816-24-000014-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1214816/000121481624000014/0001214816-24-000014-index.htm

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