NYSE$AXS
AXIS Capital Holdings Limited · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Reported record operating earnings per share, excellent production, and robust underwriting and investment performance.
AXIS Capital reported a strong second quarter with net income available to common shareholders of $228 million, or $2.67 per diluted common share, and an operating income of $171 million, or $2.00 per diluted common share. The company's core underwriting results were strong, with a current year ex-cat combined ratio of 88.7%.
- Operating income of $171 million, or $2.00 per diluted common share
- Improvement of 2.7 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 19.3% and annualized operating ROACE of 14.4%
- Book value per diluted common share of $55.50, an increase of $2.47, or 4.7%, compared to March 31, 2021
Headline financials
Revenue & EPS history
AXIS Capital · Revenue · Quarterly
$1.34B
Revenue by segment
AXIS Capital · $1.16B total across 2 segments · Q2 2021
- Insurance$632M+9.5%54.6%
- Reinsurance$525M-0.3%45.4%
Forward guidance
The company remains confident that pricing will remain at or above loss cost trends well into 2022 and likely beyond, providing a tailwind to ongoing improvements in underwriting profitability.
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 Q2 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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