Axis Capital: Fourth Quarter Earnings Overview
Axis Capital Holdings Announces Strong Fourth-Quarter Results
Axis Capital Holdings Ltd., headquartered in Pembroke, Bermuda, reported a net income of $289.6 million for the fourth quarter.
The company achieved earnings of $3.67 per share, with adjusted earnings—excluding investment gains—totaling $3.25 per share.
These figures surpassed analysts’ expectations, as the consensus from three Zacks Investment Research analysts had projected earnings of $2.97 per share.
During the quarter, Axis Capital generated $1.73 billion in revenue, with adjusted revenue slightly lower at $1.72 billion.
For the full year, the insurer recorded a profit of $1.01 billion, or $12.35 per share, on total revenue of $6.5 billion.
Since the start of the year, Axis Capital’s stock has dipped by 3%. However, as of the close of trading on Wednesday, shares stood at $103.78, reflecting a 15% increase over the past year.
Report generated by Automated Insights using data from Zacks Investment Research.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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