PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — Axis Capital Holdings Ltd. (AXS) on Tuesday reported second-quarter earnings of $223.4 million.
On a per-share basis, the Pembroke, Bermuda-based company said it had profit of $2.72. Earnings, adjusted for one-time gains and costs, came to $3.29 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.88 per share.
The insurance company posted revenue of $1.63 billion in the period. Its adjusted revenue was $1.59 billion.
Axis Capital shares have climbed nearly 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $97.13, a climb of 32% in the last 12 months.
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