AXIS Capital reports fourth quarter 2019 results

AXIS-Capital-reports-its-Q4-financial-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

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