earnings
confidence high
sentiment positive
materiality 0.75
AXIS Capital Q3 2024 operating EPS $2.71, beats prior year; combined ratio 93.1%
AXIS CAPITAL HOLDINGS LTD
2024-Q3 EPS reported
$8.97
revenue$4,485,880,000
- Net income available to common shareholders $173M ($2.04 diluted EPS); operating income $230M ($2.71 diluted EPS).
- Combined ratio 93.1% for Q3; current accident year combined ratio ex-cat improved 1.8 pts YoY to 87.9%.
- Book value per diluted share $64.65, up 9.0% sequentially and 26.3% YoY; adjusted BV per share $65.24.
- Net investment income $205M, up 33% YoY; book yield on fixed maturities 4.4% vs 4.1% last year.
- Year-to-date total capital returned to shareholders $253M including $140M share repurchases and $113M dividends.