“We imagine the corporate is on a transparent trajectory,” says CEO
AXIS Capital Holdings, which is releasing its full-year monetary outcomes for 2023 on January 31, has revealed the insurance coverage group’s forecast.
In a launch, AXIS introduced the next preliminary figures for the yr ended December 31, 2023:
|
Metric
|
Preliminary consequence for 2023
|
End result for 2022
|
|---|---|---|
|
Web earnings out there to widespread shareholders
|
$346 million
|
$193 million
|
|
Working earnings
|
$486 million
|
$498 million
|
In line with AXIS, it additionally expects to report a rise in gross written premium for the total yr.
“AXIS delivered sturdy underlying efficiency in 2023, and we imagine the corporate is on a transparent trajectory to turning into a specialty underwriting chief,” president and chief govt Vince Tizzio famous.
“This was a yr the place we drove constant premium progress with double-digit will increase throughout the overwhelming majority of our specialty insurance coverage strains, and continued to domesticate a diversified and resilient portfolio, additional improved and streamlined our working mannequin, and grew the tailor-made merchandise and capabilities that we offer to our clients.”
He additionally highlighted the agency’s “well-positioned” portfolio and powerful capital place.
“We method the longer term with confidence, and our group is relentlessly dedicated to reaching our specialty management ambition,” added Tizzio, who assumed his present roles in Might 2023.
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