Axis returns to Q1 underwriting profit on strong insurance performance
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
Cookies Settings

Axis returns to Q1 underwriting profit on strong insurance performance

Bernard Goyder
29 April 2021
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
axis-new-with-benchimol-bermuda.jpg

Axis Capital made an underwriting profit of $40mn in the first quarter of 2021, propelled by a sharp turnaround within the Bermudian’s insurance segment.

The carrier generated $0.97 in operating earnings per share, well ahead of analysts’ $0.65 estimate, and representing a rebound from Q1 2020 when Covid-19 losses helped push the insurer to a loss per share of $1.94.

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Take a free trial Already a subscriber? Login now

Topics

NewsAxis CapitalResults
BG
Bernard Goyder
Gift this article