AXIS Capital reports Third Quarter 2020 Results

Axis-Capital-Reports-Third-Quarter-2020-Results

Authored by AXIS Captial

For the third quarter of 2020, the Company reports:

  • Improvement of 5.2 points in current accident year combined ratio, excluding catastrophe and weather-related losses, compared to the same period in the prior year
  • Estimated pre-tax catastrophe and weather-related losses, net of reinsurance and reinstatement premiums, of $240 million, or 22.2 points
  • No change to net loss estimate associated with first party coverages established for the COVID-19 pandemic in first quarter of 2020
  • Book value per diluted common share of $54.75, a decrease of ($0.34), or (0.6%), compared to June 30, 2020

To view the full results from AXIS Capital CLICK HERE

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