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Axis Capital: 2Q Earnings Snapshot

PEMBROKE, Bermuda (AP) _ Axis Capital Holdings Ltd. (AXS) on Tuesday reported second-quarter profit of $177 million.

On a per-share basis, the Pembroke, Bermuda-based company said it had net income of $1.97. Earnings, adjusted for non-recurring gains, were $1.62 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.

The insurance company posted revenue of $1.29 billion in the period. Its adjusted revenue was $1.26 billion.

Axis Capital shares have climbed 19% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $61.32, an increase of slightly more than 8% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXS at https://www.zacks.com/ap/AXS