AXIS Capital Beats EPS Estimates By $0.20 (AXS)

AXIS Capital Holdings Limited AXS today reported net income available to common shareholders for the fourth quarter of 2010 of $264 million, or $1.99 per diluted common share, compared with net income of $282 million, or $1.87 per diluted common share, for the fourth quarter of 2009. Net income for the full year 2010 was $820 million, or $6.02 per diluted common share, compared with $461 million, or $3.07 per diluted common share, for the prior year. Operating income for the fourth quarter of 2010 was $187 million, or $1.41 per diluted common share, compared with $276 million, or $1.83 per diluted common share, for the fourth quarter of 2009. Operating income for the full year 2010 was $627 million, or $4.60 per diluted common share, compared with $766 million, or $5.10 per diluted common share for 2009.