Results round-up: Markel, AXIS Capital, Everest, Arch report Q1 figures

Results round-up: Markel, AXIS Capital, Everest, Arch report Q1 figures | Insurance Business America

Results round-up: Markel, AXIS Capital, Everest, Arch report Q1 figures

Results season continues with Arch Capital Group, Markel Corporation, AXIS Capital Holdings, and Everest Re Group publishing their respective financial results for the first quarter of 2022.

Arch

The Pembroke-headquartered insurance group reported a decrease in net income available to Arch common shareholders – from $427.8 million in Q1 2021 to $185.6 million this time around. After-tax operating income available to common shareholders, meanwhile, grew to $422 million from $239.8 million previously.

AXIS Capital

For the quarter ended March 31, fellow Bermuda provider AXIS Capital posted a higher net income available to common shareholders. The figure improved from last year’s $116 million to $142 million in the latest set of results. Likewise, operating income went up from $83 million to $180 million.

Everest

Bermuda-based Everest saw a decline in net income in the first quarter, from $341.9 million in 2021 to this year’s $297.8 million. Net operating income, however, rose from $260.2 million in the previous year to $405.8 million in Q1 2022.

Markel

US insurer Markel took a beating in the three-month span, suffering a comprehensive loss to shareholders to the tune of $529 million. In the same period in 2021, Markel posted a comprehensive income to shareholders worth $359 million.