Axis Capital Holdings Limited (AXS) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,5831,7541,7581,0321,1671,0231,029
Cash and cash equivalents9031,2411,2339491,039988922
Short-term investments6805135268412734108
Receivables121310 4(0)(11)
Total current assets:1,5951,7671,7681,0321,1701,0221,018
Noncurrent Assets
Operating lease, right-of-use asset124111
Long-term investments and receivables114118108109116  
Long-term investments114118108109116  
Intangible assets, net (including goodwill), including:324342379567858789
Goodwill101102102102474747
Intangible assets, net (excluding goodwill)220231242258384042
Other undisclosed intangible assets, net (including goodwill)4936207   
Total noncurrent assets:5625704876752018789
Other undisclosed assets23,72023,26721,87723,05219,44218,87318,849
TOTAL ASSETS:25,87825,60424,13324,76020,81419,98219,956
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   1   
Taxes payable   1   
Total current liabilities:   1   
Noncurrent Liabilities
Other undisclosed liabilities20,58220,06019,10219,41814,54114,11514,076
Total liabilities:20,58220,06019,10219,41914,54114,11514,076
Stockholders' equity
Stockholders' equity attributable to parent, including:5,2965,5445,0305,3416,2725,8675,821
Common stock2222222
Treasury stock, value(3,765)(3,779)(3,791)(3,807)(3,562)(3,010)(2,764)
Additional paid in capital2,3302,3172,3092,2992,3002,2412,285
Accumulated other comprehensive income (loss)414172(177)92(122)(188)(46)
Retained earnings5,7646,0575,9135,9806,5286,1945,716
Other undisclosed stockholders' equity attributable to parent5507757757751,126628628
Stockholders' equity attributable to noncontrolling interest      59
Total stockholders' equity:5,2965,5445,0305,3416,2725,8675,880
TOTAL LIABILITIES AND EQUITY:25,87825,60424,13324,76020,81419,98219,956

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,8425,1735,0904,5924,0064,1304,347
Premiums earned, net4,3714,5874,791
Financial services revenue4,1493,7063,6863,871
Cost of revenue(4,216)(4,096)(4,331)(4,161)(2,951)(2,894)(2,924)
Policyholder benefits and claims incurred, net(3,281)(3,045)(3,190)
Deferred policy acquisition costs, amortization expense(930)(1,025)(969)(824)(747)(718)(737)
Financial services costs(3,288)(2,204)(2,176)(2,187)
Gross profit:6261,0777594301,0551,2361,423
Operating expenses(588)(672)(694)(606)(603)(643)(649)
Operating income (loss):3840565(176)452593774
Nonoperating income (expense)(81)1229(135)121102296
Investment income, nonoperating      192
Foreign currency transaction gain (loss), before tax(81)1229(135)121102104
Interest and debt expense(75)(68)(67)(55)(51)(51)(75)
Other undisclosed loss from continuing operations before equity method investments, income taxes(11)(12)(14)(3)  (165)
Income (loss) from continuing operations before equity method investments, income taxes:(129)33713(368)522645830
Income (loss) from equity method investments(4)101(8)(2)  
Income (loss) from continuing operations before income taxes:(133)34714(377)520645830
Income tax expense (benefit)12(24)298(6)(3)(26)
Net income (loss):(120)32343(369)513642805
Net income attributable to noncontrolling interest      6
Net income (loss) attributable to parent:(120)32343(369)513642811
Preferred stock dividends and other adjustments(30)(41)(43)(47)(48)(40)(40)
Net income (loss) available to common stockholders, diluted:(151)2820(416)465602771

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(120)32343(369)513642805
Other comprehensive income (loss)243349(202)21467  
Other undisclosed comprehensive loss     (143) 
Comprehensive income (loss):122672(159)(155)580499805
Comprehensive income, net of tax, attributable to noncontrolling interest      6
Other undisclosed comprehensive loss, net of tax, attributable to parent      (170)
Comprehensive income (loss), net of tax, attributable to parent:122672(159)(155)580499641

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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