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Axis Capital: 4Q Earnings Snapshot

PEMBROKE, Bermuda (AP) _ Axis Capital Holdings Ltd. (AXS) on Wednesday reported a loss of $187.8 million in its fourth quarter.

On a per-share basis, the Pembroke, Bermuda-based company said it had a loss of $2.37. Losses, adjusted for non-recurring costs, were $1.77 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.34 per share.

The insurance company posted revenue of $1.25 billion in the period. Its adjusted revenue was $1.32 billion.

For the year, the company reported net income of $43 million, swinging to a profit in the period. Revenue was reported as $5.09 billion.

Axis Capital shares have climbed slightly more than 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $55.44, an increase of roughly 10 percent in the last 12 months.


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