Axis reports drop in net income
Axis Capital has reported a first quarter net income available to common shareholders of $112m, compared with net income of $116m for the first quarter of 2009 as a result of catastrophe losses.
Operating income for the first quarter of 2010 was $96m, or $0.67 per diluted share, compared with $156m, or $1.05 per diluted common share, for the first quarter of 2009.
However, gross premiums
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