AXIS Capital Holdings Limited reported net income available to common shareholders of $286 million, or $3.38 per diluted common share, and operating income of $252 million, or $2.97 per diluted common share, for the fourth quarter ended December 31, 2024.
For the full year 2024, AXIS delivered an operating return-on-equity of 18.6% and achieved 20.7% growth in diluted book value per share. The consolidated combined ratio for the full year was 92.3%, an improvement of 7.6 points from 2023.
The Insurance business achieved an 89.1% combined ratio and grew gross premiums by 7.7% to $6.6 billion, while the Reinsurance business produced a 91.8% combined ratio and grew premiums by 7.9% to $2.4 billion. The general and administrative expense ratio improved by 0.9 points to 12.6% for the full year, reflecting operational efficiency gains.
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