earnings
confidence high
sentiment positive
materiality 0.75
AXIS Capital Q2 net income $251M ($3.38 EPS), combined ratio 93.1%
AXIS CAPITAL HOLDINGS LTD
- Net income available to common shareholders $251M, up 16% YoY; operating income $211M, down 19% YoY.
- Combined ratio 93.1% with underwriting income $143M; gross premiums written $2.7B, up 6% YoY.
- Book value per diluted share $80.67, up 14.7% YoY; annualized ROACE 17.0%.
- Insurance segment combined ratio 90.0% with $2.2B premiums; reinsurance disciplined.
- Returned $122M to shareholders via $89M buybacks and $33M dividends in Q2.