Axis Capital Holdings Limited (AXS) Financial Statements (2024 and earlier)

Company Profile

Business Address 92 PITTS BAY ROAD
PEMBROKE, HM 08
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8171,4611,3071,7601,4331,621
Cash and cash equivalents1,1748177511,210845987
Short-term investments643644556550588634
Receivables   47   
Total current assets:1,8171,4611,3541,7601,4331,621
Noncurrent Assets
Operating lease, right-of-use asset1098892979499
Long-term investments and receivables148146148151159158
Long-term investments148146148151159158
Intangible assets, net (including goodwill)293296299301304307
Goodwill101101101101101101
Intangible assets, net (excluding goodwill)192195198201203206
Total noncurrent assets:550530539549557563
Other undisclosed assets26,94926,57425,70324,81025,62925,624
TOTAL ASSETS:29,31628,56527,59627,12027,61927,809
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities24,29523,60522,95622,77622,91722,688
Total liabilities:24,29523,60522,95622,77622,91722,688
Equity
Equity, attributable to parent, including:5,0214,9604,6404,3434,7035,121
Preferred stock550550550   
Common stock222222
Treasury stock, value(3,748)(3,749)(3,765)(3,765)(3,766)(3,731)
Additional paid in capital2,3612,3482,3662,3552,3422,329
Accumulated other comprehensive loss(631)(572)(760)(1,043)(724)(338)
Retained earnings6,4866,3816,2476,2446,2996,309
Other undisclosed equity, attributable to parent    550550550
Total equity:5,0214,9604,6404,3434,7035,121
TOTAL LIABILITIES AND EQUITY:29,31628,56527,59627,12027,61927,809

Income Statement (P&L) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,3841,3441,4481,2281,1981,262
Premiums earned, net1,2661,2301,3401,2851,2771,258
Cost of revenue(253)(230)(276)(241)(1,027)(981)
Policyholder benefits and claims incurred, net     (770)(733)
Deferred policy acquisition costs, amortization expense(253)(230)(276)(241)(258)(248)
Gross profit:1,1301,1141,172987171281
Operating expenses(171)(170)(189)(167)(184)(172)
Operating income (loss):959944983820(13)109
Nonoperating income (expense)
(Gain (Loss), Foreign Currency Transaction, before Tax)
(30)(9)(79)1365744
Interest and debt expense(17)(17)(16)(16)(15)(16)
Other undisclosed loss from continuing operations before equity method investments, income taxes(736)(721)(809)(942)  
Income (loss) from continuing operations before equity method investments, income taxes:17619879(2)29138
Income (loss) from equity method investments2(2)(3)(8)112
Other undisclosed income from continuing operations before income taxes   0   
Income (loss) from continuing operations before income taxes:17819676(10)30149
Income tax expense (benefit)(28)(16)(27)05(0)
Income (loss) from continuing operations:15118048(9)35149
Income (loss) before gain (loss) on sale of properties:(9)35149
Net income (loss):15118048(9)35149
Other undisclosed net loss attributable to parent   (0)   
Net income (loss) attributable to parent:15118048(9)35149
Preferred stock dividends and other adjustments(8)(8)(8)(8)(8)(8)
Net income (loss) available to common stockholders, diluted:14317341(17)27142

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):15118048(9)35149
Other comprehensive loss      (395)
Comprehensive income (loss):15118048(9)35(246)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(59)188282(319)(386) 
Comprehensive income (loss), net of tax, attributable to parent:92369331(328)(351)(246)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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