Axis Capital Holdings Limited (AXS) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5311,5831,7541,7581,0321,1671,023
Cash and cash equivalents8459031,2411,2339491,039988
Short-term investments6876805135268412734
Receivables28121310 4(0)
Total current assets:1,5591,5951,7671,7681,0321,1701,022
Noncurrent Assets
Operating lease, right-of-use asset103124111
Long-term investments and receivables146114118108109116 
Long-term investments146114118108109116 
Intangible assets, net (including goodwill), including:3103243423795678587
Goodwill1011011021021024747
Intangible assets, net (excluding goodwill)2092202312422583840
Other undisclosed intangible assets, net (including goodwill) 4936207  
Total noncurrent assets:55956257048767520187
Other undisclosed assets25,25123,72023,26721,87723,05219,44218,873
TOTAL ASSETS:27,36925,87825,60424,13324,76020,81419,982
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities    1  
Taxes payable    1  
Total current liabilities:    1  
Noncurrent Liabilities
Other undisclosed liabilities21,95820,58220,06019,10219,41814,54114,115
Total liabilities:21,95820,58220,06019,10219,41914,54114,115
Stockholders' equity
Stockholders' equity attributable to parent, including:5,4115,2965,5445,0305,3416,2725,867
Common stock2222222
Treasury stock, value(3,749)(3,765)(3,779)(3,791)(3,807)(3,562)(3,010)
Additional paid in capital2,3462,3302,3172,3092,2992,3002,241
Accumulated other comprehensive income (loss)57414172(177)92(122)(188)
Retained earnings6,2055,7646,0575,9135,9806,5286,194
Other undisclosed stockholders' equity attributable to parent5505507757757751,126628
Total stockholders' equity:5,4115,2965,5445,0305,3416,2725,867
TOTAL LIABILITIES AND EQUITY:27,36925,87825,60424,13324,76020,81419,982

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues5,3224,8425,1735,0904,5924,0064,130
Premiums earned, net4,7104,3714,5874,791
Financial services revenue4,1493,7063,686
Cost of revenue(3,934)(4,216)(4,096)(4,331)(4,161)(2,951)(2,894)
Policyholder benefits and claims incurred, net(3,009)(3,281)(3,045)(3,190)
Deferred policy acquisition costs, amortization expense(922)(930)(1,025)(969)(824)(747)(718)
Financial services costs(3,288)(2,204)(2,176)
Gross profit:1,3876261,0777594301,0551,236
Operating expenses(663)(588)(672)(694)(606)(603)(643)
Operating income (loss):7243840565(176)452593
Nonoperating income (expense)
(Foreign Currency Transaction Gain (Loss), before Tax)
(0)(81)1229(135)121102
Interest and debt expense(62)(75)(68)(67)(55)(51)(51)
Other undisclosed loss from continuing operations before equity method investments, income taxes(12)(11)(12)(14)(3)  
Income (loss) from continuing operations before equity method investments, income taxes:649(129)33713(368)522645
Income (loss) from equity method investments32(4)101(8)(2) 
Other undisclosed income from continuing operations before income taxes0      
Income (loss) from continuing operations before income taxes:681(133)34714(377)520645
Income tax expense (benefit)(62)12(24)298(6)(3)
Other undisclosed loss from continuing operations(0)      
Net income (loss) attributable to parent:619(120)32343(369)513642
Preferred stock dividends and other adjustments(30)(30)(41)(43)(47)(48)(40)
Net income (loss) available to common stockholders, diluted:588(151)2820(416)465602

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):619(120)32343(369)513642
Other comprehensive income (loss)(358)243349(202)21467 
Other undisclosed comprehensive loss      (143)
Comprehensive income (loss), net of tax, attributable to parent:261122672(159)(155)580499

Statements sources

The financial statements are based on the company's filings with the 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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