Axis Capital Earnings Cheat Sheet: Swings to a Loss

Axis Capital Holdings Limited (NASDAQ:AXS) reported its results for the first quarter. Axis Capital Holdings Ltd through its subsidiaries, provides a range of insurance and reinsurance products to insureds and reinsureds worldwide operations with main locations in Bermuda, the United States and Europe.

Don’t Miss: Wall St. Cheat Sheet’s newest Feature Trades of the Month!

Axis Capital Holdings Earnings Cheat Sheet for the First Quarter

Results: Swung to a loss of $374.5 million ($3.39/diluted share) in the quarter. The Axis Capital Holdings Limited had a net income of $121 million or 79 cents per share in the year earlier quarter.

Revenue: Rose to $929.8 million YoY.

Actual vs. Wall St. Expectations: AXS fell short of the mean analyst estimate of a loss of $3.35/share. Estimates ranged from a loss of $2.80 per share to a loss of $3.80 per share.

Key Stats:

AXS’ loss in the latest quarter follows profits in the previous three quarters. The company reported a profit of $273.6 million in the fourth quarter of the last fiscal year, a profit of $248.1 million in the third quarter of the last fiscal year and $214.1 million in the second of the last fiscal year.

Competitors to Watch: Aspen Insurance Hldgs. Ltd. (NYSE:AHL), Validus Holdings, Ltd. (NYSE:VR), RenaissanceRe Hldgs. Ltd. (NYSE:RNR), PartnerRe Ltd. (NYSE:PRE), Flagstone Reinsurance Hldgs. SA (NYSE:FSR), Platinum Underwriters Hldgs., Ltd. (NYSE:PTP), Montpelier Re Hldgs. Ltd. (NYSE:MRH), American International Group (NYSE:AIG), Everest Re Group, Ltd. (NYSE:RE), and Maiden Holdings, Ltd. (NASDAQ:MHLD).

Today’s Performance: Shares of AXS are unchanged in after hours trading.


Don’t Miss Wall St. Cheat Sheet’s newest Feature Trades of the Month!