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AXIS Capital Holdings Third Quarter 2022 Earnings: Misses Expectations

AXIS Capital Holdings (NYSE:AXS) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$1.23b (down 8.2% from 3Q 2021).

  • Net loss: US$16.9m (down by 136% from US$47.4m profit in 3Q 2021).

  • US$0.20 loss per share (down from US$0.56 profit in 3Q 2021).


All figures shown in the chart above are for the trailing 12 month (TTM) period

AXIS Capital Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are up 1.0% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on AXIS Capital Holdings' balance sheet health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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