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Axis Capital Holdings (Axis Capital Holdings) EBIT : $467 Mil (TTM As of Dec. 2023)


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What is Axis Capital Holdings EBIT?

Axis Capital Holdings's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-167 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $467 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Axis Capital Holdings's annualized ROC % for the quarter that ended in Dec. 2023 was -1.91%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Axis Capital Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.46%.


Axis Capital Holdings EBIT Historical Data

The historical data trend for Axis Capital Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Axis Capital Holdings EBIT Chart

Axis Capital Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 405.55 -54.08 711.21 306.27 466.87

Axis Capital Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 95.30 215.09 192.87 226.23 -167.32

Competitive Comparison of Axis Capital Holdings's EBIT

For the Insurance - Specialty subindustry, Axis Capital Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Axis Capital Holdings's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Axis Capital Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Axis Capital Holdings's EV-to-EBIT falls into.



Axis Capital Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $467 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Axis Capital Holdings  (NYSE:AXS) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Axis Capital Holdings's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=-669.296 * ( 1 - 22.49% )/( (26669.0253 + 27549.0091)/ 2 )
=-518.7713296/27109.0172
=-1.91 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=29472.524 - 1988.18 - ( 889.574 - 5% * 1485.106 )
=26669.0253

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=30250.672 - 1818.812 - ( 953.476 - 5% * 1412.502 )
=27549.0091

Note: The EBIT data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Axis Capital Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=466.865/6254.571
=7.46 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Axis Capital Holdings EBIT Related Terms

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Axis Capital Holdings (Axis Capital Holdings) Business Description

Traded in Other Exchanges
Address
92 Pitts Bay Road, Pembroke, BMU, HM 08
Axis Capital Holdings Ltd is a property and casualty insurance company that provides various products and services to clients and distribution partners. The company has operating subsidiaries and branch networks based in Bermuda, the United States, Canada, Europe, and Singapore. Its business consists of two distinct global underwriting platforms, AXIS Insurance, and AXIS Reinsurance. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks.
Executives
Henry B Smith director C/O AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Daniel J Draper officer: Grp Chief Underwriting Officer 52 LIME STREET, LONDON X0 EC3M 7AF
Vincent C Tizzio officer: CEO, Specialty Ins. and Re. C/O THE NAVIGATORS GROUP, INC., 6 INTERNATIONAL DRIVE, RYE BROOK NY 10573
Axel Theis director 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Michael Millegan director C/O WIRELESS TELECOM GROUP, INC., 25 EASTMANS RD., PARSIPPANY NJ 07054
Charles A Davis director 1 CAPE MAY ST, 1 CAPE MAY ST, HARRISON NJ 07029
Thomas C. Ramey director C/O AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
W Marston Becker director C/O ALTERRA HOUSE, 2 FRONT STREET, HAMILTON D0 HM11
Anne Melissa Dowling director 9965 FEDERAL DRIVE, COLORADO SPRINGS CO 80921
Albert Benchimol officer: Chief Financial Officer & EVP AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE BERMUDA D0 HM 08
Michael A Butt director, officer: Chairman AXIS CAPITAL HOLDINGS LIMITED, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08
Peter Vogt officer: EVP and CFO 1211 AVENUE OF THE AMERICAS, 24TH FLOOR, NEW YORK NY 10036
Lizabeth H Zlatkus director ONE HARTFORD PLAZA, HARTFORD CT 06155
Kent W Ziegler officer: Principal Acct Off, Controller 199 WATER STREET, 24TH FLOOR, NEW YORK NY 10038
Elanor Hardwick director C/O AXIS CAPITAL HOLDINGS LIMITED, AXIS HOUSE, 92 PITTS BAY ROAD, PEMBROKE D0 HM 08