Axis Capital: Q4 Earnings Snapshot

PEMBROKE, Bermuda (AP) — PEMBROKE, Bermuda (AP) — Axis Capital Holdings Ltd. (AXS) on Wednesday reported fourth-quarter net income of $293.6 million, after reporting a loss in the same period a year earlier.

The Pembroke, Bermuda-based company said it had net income of $3.38 per share. Earnings, adjusted for investment gains, were $2.97 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.68 per share.

The insurance company posted revenue of $1.47 billion in the period. Its adjusted revenue was $1.58 billion.

Axis Capital shares have risen nearly 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $90, a rise of 51% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AXS at https://www.zacks.com/ap/AXS