AXIS CAPITAL HOLDINGS LTD AXS Income Statement

Axis capital holdings ltd (AXS)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
Revenues
Net premiums earned
4,541	4,587	4,629	4,696	4,758	4,791	4,788	4,581	4,377	4,148	3,859	3,776	3,741	3,705	3,705	3,690	3,684	3,686	3,723	3,769	3,829	3,870	3,854	3,833	3,778	3,707	3,621	3,538	3,443	3,415	3,406	3,383	3,373	3,314	3,225	3,144	3,039	2,947	2,896	2,844	0	0	0
Net investment income
464	478	474	472	444	438	426	407	403	400	395	417	402	353	336	265	262	305	304	325	352	342	378	414	383	409	382	382	373	380	396	342	367	362	367	430	412	406	433	434	0	0	0
Other insurance related income (loss)
0	16	3	10	10	10	21	10	9	-1	-2	7	3	7	-10	-15	-10	-2	0	7	5	0	15	8	6	4	2	2	2	2	2	2	2	2	2	2	2	2	-134	-149	0	0	0
Bargain purchase gain
-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Termination fee received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net investment gains (losses):
Allowance for expected credit losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment losses
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other-than-temporary impairment ("OTTI") losses
2	6	8	12	13	9	8	8	8	14	19	18	23	26	30	58	64	72	81	58	48	31	12	6	9	9	10	12	21	24	25	30	18	16	15	8	14	19	-266	-291	0	0	0
Other realized and unrealized investment gains (losses)
0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other realized and unrealized investment gains (losses)
-	-	-	0	-	-	-	6	46	42	-15	-26	3	-34	-24	-71	-97	-65	-30	93	126	163	153	64	50	84	98	155	178	151	117	128	123	137	218	230	223	213	158	77	0	0	0
Non-credit portion of OTTI losses recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1	0	0	0	-0	0	-0	-1	2	3	0	0	0
Net OTTI losses recognized in income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Total net investment gains (losses)
15	91	-24	-56	-122	-150	-34	-2	38	28	-35	-44	-19	-60	-55	-130	-162	-138	-112	34	78	132	140	58	41	75	87	143	157	127	91	98	105	121	202	221	209	195	-136	-236	0	0	0
Total revenues
5,022	5,173	5,082	5,123	5,091	5,090	5,202	4,996	4,843	4,591	4,232	4,171	4,129	4,005	3,976	4,090	4,053	4,130	4,195	4,137	4,265	4,346	4,388	4,315	4,210	4,196	4,093	4,066	3,977	3,926	3,896	3,827	3,848	3,801	3,798	3,798	3,663	3,551	3,059	2,892	0	0	0
Expenses
Net losses and loss expenses
3,288	3,044	3,214	3,158	3,192	3,190	3,003	3,443	3,342	3,287	2,988	2,285	2,312	2,204	2,186	2,214	2,162	2,176	2,177	2,169	2,154	2,186	2,213	2,162	2,239	2,134	2,257	2,199	2,023	2,096	2,004	2,068	2,165	2,675	2,474	2,390	2,228	1,677	1,604	1,560	0	0	0
Acquisition costs
1,002	1,024	1,022	1,010	999	968	944	890	863	823	776	771	756	746	740	733	727	718	724	728	736	737	725	712	690	664	632	618	604	627	640	629	620	587	554	531	507	488	478	457	0	0	0
General and administrative expenses
616	634	633	632	632	627	635	605	588	579	596	615	614	602	579	581	583	596	621	629	632	621	600	588	586	575	572	566	578	560	529	509	466	459	489	478	466	449	401	384	0	0	0
Foreign exchange losses (gains)
80	12	96	28	59	29	-46	-70	-151	-134	-38	7	100	121	102	117	38	102	115	159	171	104	43	-85	-65	-26	-32	-0	25	-29	9	93	39	44	32	-53	-7	15	3	4	0	0	0
Interest expense and financing costs
75	68	66	65	66	67	67	63	58	54	51	51	51	51	51	51	51	50	55	63	70	74	72	67	62	61	61	62	62	61	61	62	62	62	62	62	63	55	48	40	0	0	0
Transaction related expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reorganization expenses
21	37	47	52	68	67	69	59	40	27	0	0	0	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of value of business acquired
15	26	47	82	128	172	199	160	107	50	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
11	11	13	12	14	13	11	9	5	2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total expenses
4,951	4,835	4,950	4,987	5,043	5,077	4,976	5,302	5,155	4,959	4,457	3,715	3,633	3,483	3,455	3,509	3,532	3,485	3,510	3,430	3,422	3,516	3,568	3,617	3,645	3,461	3,558	3,445	3,243	3,376	3,227	3,175	3,275	3,739	3,549	3,516	3,273	2,656	2,528	2,439	0	0	0
Income (loss) before income taxes and interest in income (loss) of equity method investments
70	337	132	135	48	12	225	-305	-312	-368	-224	456	496	521	521	580	521	644	685	706	843	830	820	698	565	734	535	621	733	550	668	651	573	61	249	282	390	895	531	453	0	0	0
Income tax (expense) benefit
17	23	-2	-13	-27	-29	27	5	0	-7	-39	-4	3	6	9	0	-2	3	17	13	21	25	5	15	0	7	-0	3	10	3	22	16	16	15	19	25	29	38	34	36	0	0	0
Interest in income (loss) of equity method investments
-16	9	1	2	3	0	5	2	-2	-8	-8	-9	-7	-2	-2	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	804	815	682	564	727	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amounts attributable from noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6	-3	2	1	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
36	323	136	152	78	43	203	-307	-315	-368	-192	451	484	513	509	580	524	641	670	702	829	810	818	680	563	727	536	617	722	547	646	635	556	46	230	257	361	856	496	416	0	0	0
Preferred share dividends
38	41	42	42	42	42	42	42	42	46	52	52	51	46	39	39	40	40	40	40	40	40	40	43	41	40	39	34	37	38	38	39	36	36	36	36	36	36	36	36	0	0	0
Preferred Stock Redemption Premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	14	14	14	4	0	0	0	0	-	-	-	-	-	-
Net income (loss) available (attributable) to common shareholders
-1	282	93	109	35	0	160	-350	-358	-415	-246	397	432	465	469	540	484	601	630	661	789	770	778	636	518	683	493	580	675	495	593	582	515	9	193	220	324	819	459	379	0	0	0
Per share data
Earnings (loss) per common share:
Earnings (loss) per common share (in usd per share)
-2.20	-0.11	0.33	1.98	1.17	-2.38	0.52	1.11	0.75	-0.40	-5.61	1.01	0.06	1.45	1.97	1.30	0.41	1.39	2.52	0.63	1.56	1.60	2.71	1.81	1.26	1.57	1.23	0.63	2.59	-0.12	1.84	1.36	0.97	0.98	1.68	0.81	-3.39	2.20	1.99	1.68	0.87	-0.70	1.15
Earnings (loss) per diluted common share (in usd per share)
-2.20	-0.12	0.33	1.97	1.16	-2.38	0.52	1.11	0.75	-0.40	-5.61	1.01	0.06	1.42	1.96	1.29	0.41	1.37	2.50	0.63	1.54	1.58	2.68	1.79	1.24	1.55	1.21	0.62	2.55	-0.13	1.82	1.35	0.96	1.01	1.66	0.79	-3.39	1.94	1.78	1.51	0.79	-0.70	1.06
Weighted average common shares outstanding (in shares)
84	83	83	83	83	83	83	83	83	82	83	84	86	87	89	91	94	96	98	100	99	100	102	105	109	110	111	115	117	117	121	123	125	126	125	124	113	116	120	121	128	137	137
Weighted average diluted common shares outstanding (in shares)
84	84	84	84	84	84	84	83	83	81	83	84	86	88	90	92	94	97	99	101	101	101	104	106	110	112	113	116	118	120	122	124	126	142	128	128	113	132	134	135	142	137	149
Cash dividends declared per common share (in usd per share)
-	-	-	-	-	-	-	-	-	-	0.38	0.38	0.38	-	0.35	0.35	0.35	-	0.29	0.29	0.29	-	0.27	0.27	0.27	-	0.25	0.25	0.25	-	0.24	0.24	0.24	-	0.23	0.23	0.23	0.23	0.21	0.21	0.21	0.20	0.20