AXIS Capital Holdings Q2 Profit Down - Quick Facts

(RTTNews) - AXIS Capital Holdings Ltd. (AXS) Tuesday reported second-quarter profit of $72 million or $0.62 per share, down from $168 million or $1.35 per share in the same period last year.

Operating income for the quarter was $50 million or $0.43 per share. On average, 15 analysts polled by Thomson Reuters expected the company to earn $0.50 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased $1.05 billion from $955 million last year. Analysts expected revenues of $859.62 million.

Premiums earned totaled $945.87 million, up from $850.60 million last year. Net-investment income increased to $83.11 million from $74.45 million last year.