earnings
confidence high
sentiment positive
materiality 0.85
AXIS Capital Q4 net income $286M, EPS $3.38; operating ROACE 18.2%; combined ratio 94.2%
AXIS CAPITAL HOLDINGS LTD
2024-FY EPS reported
$12.35
revenue$5,957,651,000
- Q4 net income $286M ($3.38/diluted); operating income $252M ($2.97/diluted); annualized ROACE 20.7%, operating ROACE 18.2%.
- Combined ratio 94.2%; gross premiums written increased 11% YoY.
- Full year 2024 net income $1.1B ($12.35/diluted); operating income $952M ($11.18/diluted); ROACE 20.5%.
- Book value per diluted share $65.27, up 20.7% YoY; adjusted book value $67.93, up 17% YoY.
- Net investment income Q4 $196M (+5% YoY); fixed maturities book yield 4.5%.