Axis Capital Holdings Limited (AXS) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,2061,7581,0321,1671,0231,029970
Cash and cash equivalents7641,2339491,039988922923
Short-term investments442526841273410846
Receivables 10 4(0)(11) 
Income taxes receivable6
Total current assets:1,2061,7681,0321,1701,0221,018975
Noncurrent Assets
Operating lease, right-of-use asset117
Long-term investments and receivables114108109116   
Long-term investments114108109116   
Intangible assets, net (including goodwill), including:33537956785878990
Goodwill10210210247474746
Intangible assets, net (excluding goodwill)23324225838404243
Other undisclosed intangible assets, net (including goodwill) 36207   
Total noncurrent assets:566487675201878990
Other undisclosed assets23,72421,87723,05219,44218,87318,84918,570
TOTAL ASSETS:25,49624,13324,76020,81419,98219,95619,635
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  1    
Taxes payable  1    
Total current liabilities:  1    
Noncurrent Liabilities
Other undisclosed liabilities19,91019,10219,41814,54114,11514,07613,767
Total liabilities:19,91019,10219,41914,54114,11514,07613,767
Stockholders' equity
Stockholders' equity attributable to parent, including:5,5865,0305,3416,2725,8675,8215,818
Common stock2222222
Treasury stock, value(3,779)(3,791)(3,807)(3,562)(3,010)(2,764)(2,233)
Additional paid in capital2,3092,3092,2992,3002,2412,2852,240
Accumulated other comprehensive income (loss)176(177)92(122)(188)(46)118
Retained earnings6,1025,9135,9806,5286,1945,7165,063
Other undisclosed stockholders' equity attributable to parent7757757751,126628628628
Stockholders' equity attributable to noncontrolling interest     59 
Other undisclosed stockholders' equity      50
Total stockholders' equity:5,5865,0305,3416,2725,8675,8805,868
TOTAL LIABILITIES AND EQUITY:25,49624,13324,76020,81419,98219,95619,635

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues5,0835,0904,5924,0064,1304,3474,196
Premiums earned, net4,6304,791
Financial services revenue4,1493,7063,6863,8713,707
Cost of revenue(4,284)(4,331)(4,161)(2,951)(2,894)(2,924)(2,134)
Policyholder benefits and claims incurred, net(3,215)(3,190)
Deferred policy acquisition costs, amortization expense(1,022)(969)(824)(747)(718)(737)664
Financial services costs(3,288)(2,204)(2,176)(2,187)(2,134)
Gross profit:7987594301,0551,2361,4232,062
Operating expenses(682)(694)(606)(603)(643)(649)(601)
Operating income (loss):11765(176)4525937741,461
Nonoperating income (expense)9629(135)121102296(56)
Investment income, nonoperating     192(29)
Foreign currency transaction gain (loss), before tax9629(135)121102104(26)
Interest and debt expense(66)(67)(55)(51)(51)(75)(62)
Other undisclosed loss from continuing operations before equity method investments, income taxes(14)(14)(3)  (165)(609)
Income (loss) from continuing operations before equity method investments, income taxes:13313(368)522645830734
Income (loss) from equity method investments21(8)(2)   
Income (loss) from continuing operations before income taxes:13414(377)520645830734
Income tax expense (benefit)2298(6)(3)(26)(7)
Net income (loss):13643(369)513642805727
Net income attributable to noncontrolling interest     6 
Net income (loss) attributable to parent:13643(369)513642811727
Preferred stock dividends and other adjustments(43)(43)(47)(48)(40)(40)(44)
Net income (loss) available to common stockholders, diluted:940(416)465602771684

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):13643(369)513642805727
Other comprehensive income (loss)339(202)21467   
Other undisclosed comprehensive loss    (143)  
Comprehensive income (loss):475(159)(155)580499805727
Comprehensive income, net of tax, attributable to noncontrolling interest     6 
Other undisclosed comprehensive loss, net of tax, attributable to parent     (170)(245)
Comprehensive income (loss), net of tax, attributable to parent:475(159)(155)580499641483

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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