AXIS Capital reports fourth quarter 2019 results
For the fourth quarter of 2019, the Company reports:
- Net loss attributable to common shareholders of $10 million, or $(0.12) per diluted common share, and ex-PGAAP operating income of $7 million, or $0.08 per diluted common share
- Estimated pre-tax catastrophe and weather-related losses, net of reinsurance and reinstatement premiums, of $140 million, or 12.1 points
- Book value per diluted common share of $55.79, a decrease of $0.47, or 0.8%, compared to September 30, 2019
- Pricing momentum continues to build across substantially all lines of business
For the year ended 2019, the Company reports:
- Net income available to common shareholders of $282 million, or $3.34 per diluted common share and ex-PGAAP operating income of $234 million, or $2.77 per diluted common share
- Estimated pre-tax catastrophe and weather-related losses, net of reinsurance and reinstatement premiums, of $336 million, or 7.5 points
- Book value per diluted common share of $55.79, an increase of $5.86, or 11.7% compared to December 31, 2018
To see the full financial statement from AXIS Capital CLICK HERE
About AXIS
Specialty Solutions, Elevated
In a world that never stands still – where the nature of risk is constantly evolving and the needs of your customers are continually changing – you need a partner that turns challenges into possibilities and possibilities into opportunities.
A specialty insurer and reinsurer that elevates beyond the standard solutions. We help customers pursue their ambitions and explore new pathways through tailored products and services, on a global scale. A partner that you can trust – and who is with you for the journey.