Axis trims Q3 underwriting loss as GWP grows by 24%, core loss ratio shrinks
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Axis trims Q3 underwriting loss as GWP grows by 24%, core loss ratio shrinks

James Thaler
October 27, 2021
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Axis bermuda logo 2021.jpg

Axis Capital grew gross written premiums by 24% in the third quarter – the most in recent memory – and lowered its underwriting loss to $59mn from $135mn last year, boosted by an underwriting gain in its insurance division and strong underlying improvement.

The company delivered operating profits of $0.01 per share, or about $1mn, better than the $65mn loss last year, which amounted to a $0.77-per-share

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James Thaler
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