AXS Earnings Prediction
The chart below shows how AXS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, AXS sees a -2.70% change in stock price 10 days leading up to the earnings, and a +1.75% change 10 days following the report. On the earnings day itself, the stock moves by +0.51%. This data can give you a slight idea of what to expect for the next quarter's release.
AXS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.61B
12.49%
10.14%
Gross Margin
--
--
--
Operating Margin
20.85%
46.01%
13.69%
Net Margin
25.40%
93.45%
-19.95%
EPS
2.04
-2.86%
-15.00%
No Data Available
AXS Earnings Analysis
Axis Capital Holders Limited Corporation (AXS.N) Earnings Conference Call
Positive
Book Value Increase: 1. Strong Book Value Growth: AXIS Capital reported a book value per share of $64.65, reflecting a 26% increase year-over-year.
Operating Earnings Surge: 2. Record Operating Earnings: The company achieved operating earnings per share of $2.71, marking a 16% increase compared to the prior year quarter.
Strong Underwriting Performance: 3. High Underwriting Profitability: AXIS maintained a strong combined ratio of 93.1% for the quarter, demonstrating effective underwriting practices despite industry challenges.
Premium Growth in Insurance: 4. Significant Premium Growth: The insurance segment produced gross premiums written of $1.5 billion, a 4.7% increase over the prior year, with notable growth in property lines by 10%.
Investment Income Surge: 5. Record Investment Income: AXIS reported record net investment income of $205 million, a 33% increase from the previous year, driven by higher yields on a larger fixed income portfolio.
Negative
Reinsurance Premium Decline: 1. Decline in Reinsurance Premiums: Gross premiums in the reinsurance segment decreased by 8.7% compared to the prior year, reflecting a challenging market environment and timing issues with renewals.
Catastrophe Loss Impact: 2. Increased CAT Losses: The company experienced $78 million in catastrophe losses during the quarter, with the largest portion attributed to Hurricanes Helene and Beryl, indicating vulnerability to natural disasters.
Long-Tail Line Reduction: 3. Reduction in Long-Tail Lines: There was a significant reduction of approximately 17% in longer tail lines due to underwriting discipline and non-renewals, highlighting challenges in maintaining premium levels in this area.
Primary Casualty Decline: 4. Underperformance in Primary Casualty: Despite a 20% rate increase, the primary casualty business saw a decline in gross premiums as the company reshaped its book, indicating a strategic retreat from this segment.
G&A Expense Ratio Decline: 5. High G&A Expense Ratio: The consolidated G&A expense ratio was reported at 12.1%, down from 13.5% a year ago, but still reflects ongoing challenges in cost management and operational efficiency.
AXS FAQs
How does AXS typically perform around its earnings report dates?
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AXS Earning Call Sentiment
AXIS Capital Holdings Limited (AXS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
AXS.N
-1.25%Positive
The earnings call presents a mixed picture: positive financial performance with strong EPS, ROE, and investment income, but challenges like competitive pressures and catastrophe losses. Shareholder returns are solid with dividends and buybacks, yet the reinsurance segment shows a decline. The Q&A section reveals confidence in growth strategies but highlights concerns about market competition and vague responses on premium growth. Given these factors, the sentiment is neutral, indicating a balanced outlook for the stock price over the next two weeks.
