Axis Capital Holdings GAAP EPS of $0.32 misses by $0.90, revenue of $1.19B misses by $110M

Jul. 26, 2022 4:25 PM ETAXIS Capital Holdings Limited (AXS)By: Urvi Shah, SA News Editor
  • Axis Capital Holdings press release (NYSE:AXS): Q2 GAAP EPS of $0.32 misses by $0.90.
  • Revenue of $1.19B (-11.2% Y/Y) misses by $110M.
  • Current accident year combined ratio, excluding catastrophe and weather-related losses of 88.4%, an improvement of 0.3 points, compared to the prior year.
  • Annualized return on average common equity ("ROACE") of 2.5% and annualized operating ROACE of 13.7%.

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