AXIS Capital (AXS) Q4 Earnings Miss Estimates, Revenues Beat
Zacks Investment Research | Jan 30, 2019 11:18PM ET
AXIS Capital Holdings Limited (NYSE:AXS) incurred fourth-quarter 2018 operating loss of $1.77 per share, wider than the Zacks Consensus Estimate of operating loss of $1.34. Moreover, the bottom line came in against the year-ago quarter’s operating income of 24 cents per share.
Nonetheless, the reported quarter witnessed a solid premium performance across Insurance and Reinsurance segments. Better investment results and higher revenues were tailwinds in the period.
Full-Year Highlights
For 2018, AXIS Capital delivered operating income of $1.92 per share, missing the Zacks Consensus Estimate by 18.3%. However, the bottom line came in against the year-ago quarter’s operating loss of $3.15 per share.
Moreover, total operating revenues of $13 billion beat the consensus mark by 1.2% and also grew 15.2% year over year.
Axis Capital Holdings Limited Price, Consensus and EPS Surprise
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