Axis pivots to $136mn U/W gain in Q4
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Axis pivots to $136mn U/W gain in Q4

Axis logo bermuda boats harbor.jpg

Axis Capital bounced back from an underwriting loss a year ago, generating a nearly $136mn underwriting gain in the fourth quarter, while growing the top line in its insurance segment by 19%.

The Bermuda-based (re)insurance company posted $2.13 per share in operating income, a turnaround from last year’s $0.20-per-share loss and easily beating analysts’ $1.51-per-share

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