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Axis Capital Holdings Ltd  (AXS)
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    Sector  Financial    Industry Property & Casualty Insurance


Earnings helped by tax benefit

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A $9 million tax benefit, helped Axis Capital Holdings Ltd to post $0.06 eps in the first quarter 2017

Axis Capital Holdings Ltd reported declining eps on increasing revenue in the first quarter 2017, where Sales grew by 4.13 % to $1.01 billions in comparison to $968 millions on a year-over-year basis, while income fell sharply by -95.68 % to $0.06 per share, income per share was $1.39 in the same quarter a year ago.

In the previous quarter company realized Sales of $882 millions and bottom line of $0.03 per share.

Net income of $20 millions in the first quarter 2017 fell by -85.81 % from $140 millions in the corresponding period a year before.

The situation for Axis Capital Holdings Ltd would be even worse, if there wasn't $9 million tax benefit, to restrain the decline to just -85.81 % in the first quarter 2017. Axis Capital Holdings Ltd shifted it's focus on improving sales in the first quarter 2017, as a result net margin eased to 1.97%.

Axis Capital Holdings Ltd is expected to report next financial results on July 28, 2017.
Other AXS's Earnings Reports

Axis Capital Holdings Ltd reported forth quarter 2016 earnings

Axis Capital Holdings Ltd reported third quarter 2016 earnings

Axis Capital Holdings Ltd reported first quarter 2016 earnings

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