AXIS Capital Q1 net income $388M ($4.53/share) vs $173M prior; operating ROACE 18.2%

AXIS CAPITAL HOLDINGS LTD

2024-Q1 EPS reported $4.53 revenue$1,424,557,000

Net income available to common shareholders $388M ($4.53 diluted EPS), compared to $173M ($2.01) in Q1 2023.
Operating income $220M ($2.57 diluted EPS); annualized operating ROACE 18.2%; combined ratio 91.1%.
Gross premiums written grew 11% YoY; specialty insurance achieved record Q1 premiums of $1.6B with combined ratio 86.6%.
Net investment income up 25% to $167M on higher fixed maturities yields; book yield 4.3% vs 3.7% a year ago.
Book value per diluted share $57.13, up 5.7% from Dec 31, 2023; returned $100M to shareholders ($62M buybacks, $38M dividends).

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 1.0

AXIS CAPITAL HOLDINGS LTD reported the first quarter ended March 31, 2024 results: net income $388 million, EPS $4.53 per diluted common share.

Period: the first quarter ended March 31, 2024
Net income: $388 million
EPS: $4.53 per diluted common share
Result: reported results

Exact text from the filing

AXIS Capital Holdings Limited, a Bermuda company, issued a press release reporting its first quarter 2024 results

View on SEC.gov

1436 earnings releases filed in the last 30 days. Browse all earnings releases →

AXIS CAPITAL HOLDINGS LTD filing history →

Source: SEC EDGAR

accession 0001214816-24-000054

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.