Axis Capital: Q2 Earnings Snapshot

PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — Axis Capital Holdings Ltd. (AXS) on Tuesday reported second-quarter earnings of $150.7 million.

The Pembroke, Bermuda-based company said it had net income of $1.67 per share. Earnings, adjusted for non-recurring costs, were $2.23 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.77 per share.

The insurance company posted revenue of $1.38 billion in the period. Its adjusted revenue was $1.41 billion.

Axis Capital shares have increased almost 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $55.13, an increase of 13% in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on AXS at

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up