AXIS Capital Holdings Limited reported net income available to common shareholders of $173 million, or $2.04 per diluted common share, and operating income of $230 million, or $2.71 per diluted common share, for the third quarter ended September 30, 2024.
The company achieved an annualized operating return on average common equity (ROE) of 17.3% and a group combined ratio of 93.1%. The general and administrative (G&A) ratio improved by 1.4 points over the prior year quarter to 12.1%.
Net investment income increased to $205.1 million from $154.2 million in the prior year quarter, and diluted book value per share grew by 26.3% over the last twelve months to $64.65.
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