Axis Capital Holdings Ltd

AXS

Equity

ISIN BMG0692U1099 / Valor 1627649

New York Stock Exchange, Inc (2024-12-24)

USD 89.98+0.13%

Axis Capital Holdings Ltd
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About company

Axis Capital Holdings Ltd is a global provider of specialty lines insurance and treaty reinsurance.

Summarized from source with an LLMView SourceSector: Finance

Net Income

For the third quarter of 2024, Axis Capital Holdings Ltd reported a net income available to common shareholders of $173 million, or $2.04 per diluted common share. This represents a slight decrease compared to the third quarter of 2023, where the net income was $181 million, or $2.10 per diluted common share.

Operating Income

Axis Capital Holdings Ltd achieved an operating income of $230 million, or $2.71 per diluted common share, in the third quarter of 2024. This marks an increase from the $202 million, or $2.34 per diluted common share, reported in the same quarter of the previous year.

Book Value

The book value per diluted common share for Axis Capital Holdings Ltd increased to $64.65 as of September 30, 2024. This is a rise of $5.36, or 9.0%, compared to June 30, 2024, and an increase of $13.48, or 26.3%, compared to September 30, 2023.

Combined Ratio

Axis Capital Holdings Ltd reported a combined ratio of 93.1% for the third quarter of 2024. This reflects a slight increase from the 92.7% combined ratio reported in the third quarter of 2023, indicating a marginal rise in the company's underwriting expenses relative to premiums earned.

Investment Income

Net investment income for Axis Capital Holdings Ltd in the third quarter of 2024 was $205 million, showing a significant increase of $51 million, or 33%, from the $154 million reported in the third quarter of 2023. This growth was primarily driven by higher yields and an increase in fixed maturity assets.

Summarized from source with an LLMView Source

Key figures

64.7%1Y

72.8%3Y

51.0%5Y

Performance

21.5%1Y

25.3%3Y

31.6%5Y

Volatility