AXIS Capital Holdings Limited has revealed its financial results for the second quarter of 2020, which saw a noticeable drop in net income – despite an increase in gross written premiums.
For the second quarter ended June 30, 2020, AXIS Capital posted net income available to common shareholders at US$112 million (around CA$149.6 million, or US$1.33 per diluted common share). This represents a year-over-year decrease from Q2 2019’s net income available to common shareholders of US$166 million (around CA$221.7 million, or US$1.97 per diluted common share).
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