AXIS Capital Comments on First Quarter 2020 Financial Results
Axis Capital Holdings Limited (AXS)
Last axis capital holdings limited earnings: 1/29 04:15 pm
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US:NYSE Investor Relations:
axiscapital.com
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Source: Business Wire
PEMBROKE, Bermuda--(BUSINESS WIRE)--AXIS Capital Holdings Limited ("AXIS Capital" or the "Company") (NYSE: AXS) today announced an estimated net claims provision of $300 million, pre-tax, for the first quarter related to catastrophe and other weather-related events. This amount includes an estimated net claims provision of $235 million, pre-tax, for the COVID-19 pandemic.The Company's estimated net claims provision for COVID-19 is largely attributable to property related coverages, but also includes event cancellation and accident & health coverages, and considers a global shelter in place order that remains in effect until July 31, 2020. Other-weather related events of $65 million, pre-tax, includes regional weather events in the United States, U.K. floods and Australia wildfires.AXIS Capital notes continuous improvement in its current accident year loss ratios excluding catastrophe and weather-related losses for its insurance and reinsurance businesses for the quarter.Separately
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- AXIS Capital Holdings Limited (NYSE: AXS) had its price target raised by analysts at Keefe, Bruyette & Woods from $94.00 to $96.00. They now have an "outperform" rating on the stock.MarketBeat
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AXS
Earnings
- 10/30/24 - Beat
AXS
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 8-K
- 10/30/24 - Form 13F-HR
- AXS's page on the SEC website