Axis Capital Holdings ( (AXS) ) has released its Q4 earnings. Here is a breakdown of the information Axis Capital Holdings presented to its investors.
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AXIS Capital Holdings Limited, a global provider of specialty insurance and reinsurance solutions, reported strong financial results for the fourth quarter and full year of 2024, reflecting its robust performance in the insurance and reinsurance sectors.
In the latest earnings report, AXIS Capital announced a fourth-quarter net income of $286 million, equating to $3.38 per diluted share, and an operating income of $252 million, or $2.97 per share. The company also declared an annual net income of $1.1 billion, a significant increase from the previous year. Key performance indicators include a return on average common equity of 20.5% and a combined ratio of 92.3% for the year, demonstrating operational efficiency and profitability.
The report highlights a solid growth trajectory with gross premiums written increasing by 11% in the fourth quarter and 8% for the year, driven by expansions in both the insurance and reinsurance segments. The insurance segment reported an 89.1% combined ratio, while the reinsurance segment achieved a 91.8% combined ratio, underscoring successful strategic initiatives and risk management.
AXIS Capital’s management expressed confidence in the company’s future, citing improved operational capabilities and an enhanced operating model. With investments in technology and talent, the company is well-positioned to capitalize on its specialty expertise and navigate future market challenges.
Looking ahead, AXIS Capital aims to maintain its growth momentum and continue delivering value to its shareholders, while adapting to the evolving risk landscape and leveraging its core strengths in specialty underwriting.
