NYSE$AXS
AXIS Capital Holdings Limited · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Net income available to common shareholders was reported, and the company saw tangible proof that its efforts to reposition its portfolio are generating real traction.
AXIS Capital reported a net income available to common shareholders of $116 million, or $1.36 per diluted common share, for the first quarter of 2021. The company's results were highlighted by a year-over-year reduction of 4.3 points to its current accident year combined ratio ex-cat and weather, with improvements seen in both segments.
- Operating income of $83 million, or $0.97 per diluted common share
- Improvement of 4.3 points in current accident year combined ratio, excluding catastrophe and weather-related losses, compared to the prior year
- Annualized return on average common equity (ROACE) of 9.9% and annualized operating ROACE of 7.1%
- Book value per diluted common share of $53.03, an increase of $3.25, or 7%, compared to March 31, 2020
Headline financials
Revenue & EPS history
AXIS Capital · Revenue · Quarterly
$1.25B
Revenue by segment
AXIS Capital · $1.1B total across 2 segments · Q1 2021
- Insurance$616M+9.6%55.8%
- Reinsurance$487M-7.4%44.2%
Forward guidance
AXIS believes it is poised to continue to demonstrate meaningful improvements to its performance in 2021 and beyond.
Tailwinds
- Market conditions favorable across virtually all of our lines of business
- Performance is seeing positive momentum as the global economy continues to recover
- Strong franchise
- Deep relationships with our brokers and partners in distribution
- Leadership positions across our most attractive markets
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-0.0%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+3.9%
Avg return
30 days after
44%
30 / 68 earnings
Positive
+9.2%
Q4 2022
Best reaction
-6.0%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.5% | +0.9% | -3.2% | |
| Q4 2025 | +0.2% | +1.0% | +1.9% | |
| Q3 2025 | +5.9% | +8.8% | +15.9% | |
| Q1 2025 | +2.3% | +2.7% | +6.5% | |
| Q4 2024 | +2.6% | -0.3% | +7.1% | |
| Q3 2024 | -2.4% | -1.0% | +16.0% | |
| Q2 2024 | +2.7% | -0.3% | +8.0% | |
| Q1 2024 | +6.3% | +8.7% | +20.5% | |
| Q4 2023 | -4.6% | +5.5% | +10.1% | |
| Q3 2023 | -5.4% | -5.7% | +0.3% | |
| Q2 2023 | +2.2% | +0.7% | -0.5% | |
| Q1 2023 | -1.1% | +1.1% | -6.6% | |
| Q4 2022 | +9.2% | +6.2% | +4.4% | |
| Q3 2022 | -3.3% | +4.9% | +9.3% | |
| Q2 2022 | -3.8% | -7.0% | +0.0% | |
| Q1 2022 | +7.0% | +4.9% | +8.3% | |
| Q4 2021 | -2.9% | +1.6% | -0.5% | |
| Q3 2021 | +2.2% | +2.3% | -2.9% | |
| Q2 2021 | -2.0% | +1.7% | +3.1% | |
| Q1 2021 | +2.0% | +2.8% | -1.9% | |
| Q4 2020 | -5.8% | -4.1% | -1.8% | |
| Q3 2020 | -2.0% | -4.1% | +14.1% | |
| Q2 2020 | +2.2% | -1.7% | +16.1% | |
| Q1 2020 | +2.6% | +12.7% | +11.8% | |
| Q4 2019 | +5.6% | +4.1% | -9.9% | |
| Q3 2019 | -3.9% | -3.7% | -3.6% | |
| Q2 2019 | +3.7% | +2.0% | +1.8% | |
| Q1 2019 | -0.9% | -1.4% | +4.6% | |
| Q4 2018 | -2.1% | +0.5% | +4.6% | |
| Q3 2018 | +5.4% | +3.6% | -0.2% | |
| Q2 2018 | -0.7% | -2.0% | -0.4% | |
| Q1 2018 | +5.4% | +2.9% | +0.8% | |
| Q4 2017 | +2.3% | -2.3% | +9.5% | |
| Q3 2017 | -3.1% | -3.8% | -8.7% | |
| Q2 2017 | -3.1% | -1.4% | -4.2% | |
| Q1 2017 | -0.2% | -2.7% | -4.0% | |
| Q4 2016 | +4.2% | +4.8% | +8.9% | |
| Q3 2016 | +1.8% | +2.4% | +10.6% | |
| Q2 2016 | +3.2% | +3.3% | +4.5% | |
| Q1 2016 | -3.0% | — | — | |
| Q4 2015 | -2.3% | — | — | |
| Q3 2015 | -0.3% | — | — | |
| Q2 2015 | -0.8% | — | — | |
| Q1 2015 | +0.3% | — | — | |
| Q4 2014 | -0.1% | — | — | |
| Q3 2014 | -1.2% | — | — | |
| Q2 2014 | -1.4% | — | — | |
| Q1 2014 | -1.8% | — | — | |
| Q4 2013 | -4.7% | — | — | |
| Q3 2013 | +0.4% | — | — | |
| Q2 2013 | -4.3% | — | — | |
| Q1 2013 | +1.3% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q3 2012 | -2.1% | — | — | |
| Q2 2012 | -2.6% | — | — | |
| Q1 2012 | +0.5% | — | — | |
| Q4 2011 | -2.1% | — | — | |
| Q3 2011 | +1.2% | — | — | |
| Q2 2011 | -6.0% | — | — | |
| Q1 2010 | -3.2% | — | — | |
| Q1 2011 | +3.0% | — | — | |
| Q4 2010 | -2.5% | — | — | |
| Q4 2008 | -2.5% | — | — | |
| Q4 2009 | -2.5% | — | — | |
| Q3 2009 | +1.6% | — | — | |
| Q3 2010 | +1.6% | — | — | |
| Q2 2009 | -0.2% | — | — | |
| Q2 2010 | -0.2% | — | — |
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