AXIS Capital Holdings Q3 Profit Down - Quick Facts

(RTTNews) - AXIS Capital Holdings Ltd. (AXS) Wednesday reported third-quarter profit of $137 million or $1.21 per share, down from $223 million or $1.82 per share in the same period last year.

Operating income for the quarter was $197 million or $1.74 per share. On average, 16 analysts polled by Thomson Reuters expected the company to earn $1.21 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $1.04 billion from $1.02 billion last year. Analysts expected revenues of $707.45 million.

Net premiums earned increased 10 percent to $945 million from last year. At $103 million, net investment income was comparable with last year. Combined ratio was 86.3 percent, compared to 85.3 percent last year.