Axis Capital (AXS) Misses Q4 EPS by 40c

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Go back to Axis Capital (AXS) Misses Q4 EPS by 40c

AXIS Capital Reports Fourth Quarter 2018 Results

January 30, 2019 4:15 PM EST

For the fourth quarter of 2018, the Company reports:

Net loss of $198 million, or $(2.37) per diluted common share and Ex-PGAAP operating loss of $139 million, or $(1.66) per diluted common share Estimated pre-tax catastrophe and weather-related losses, net of reinsurance and reinstatement premiums, of $269 million, or 22.5 points, compared to $133 million, or 11.2 points, in the prior year Book value per diluted common share of $49.93

For the year ended 2018, the Company reports:

Net income of $0.4 million, and Ex-PGAAP operating income of $209 million, or $2.49 per diluted common... More