Axis Capital reports Q3 EPS $2.10, consensus $1.97

Reports Q3 revenue $1.43B, consensus $1.0B. Reports book value per diluted common share of $51.17, an increase of $4.22, or 9.0%, compared to December 31, 2022. The company said, “AXIS delivered another strong quarter as we produced excellent results across multiple measures. The quarter was highlighted by record operating earnings per share on both a third quarter and year-to-date basis. The continued positive momentum in our performance reflects the progress we’ve made in enhancing our integrated underwriting strategy to drive outstanding cycle management, deliver consistent profitable results and generate increased book value per share.”