NYSE$AXS
AXIS Capital Holdings Limited · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
AXIS Capital reported strong top- and bottom-line results, driven by profitable growth and record performance in specialty insurance.
AXIS Capital reported a strong second quarter with net income available to common shareholders of $143 million, or $1.67 per diluted common share, and operating income of $191 million, or $2.23 per diluted common share. The company saw improvements in its combined ratio and book value per share, driven by profitable growth across target markets and record performance in the specialty insurance business.
- Net income available to common shareholders was $143 million, or $1.67 per diluted common share.
- Operating income was $191 million, or $2.23 per diluted common share.
- The combined ratio improved by 1.9 points to 91.5%.
- Book value per diluted common share increased to $50.98, a 1.3% increase compared to March 31, 2023.
Headline financials
Revenue & EPS history
AXIS Capital · Revenue · Quarterly
$1.38B
Revenue by segment
AXIS Capital · $1.27B total across 2 segments · Q2 2023
- Insurance$843M+9.6%66.6%
- Reinsurance$423M-16.8%33.4%
Forward guidance
No specific forward guidance was provided in the press release.
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 2023
-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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