Somewhere between $105 million and $115 million in pre-tax catastrophes and other weather-related events net loss awaits AXIS Capital Holdings, if the Bermuda-headquartered insurance group’s first quarter estimate is spot on.
After tax, the Q1 range forecast stands at $95 million to $105 million.
In a release, AXIS Capital said its pre-tax net loss approximation for catastrophes and other weather-related events includes $80 million to $90 million for winter storms Uri and Viola. This span, added the insurer, is consistent with industry insured losses of approximately $13 billion to $14 billion.
Meanwhile AXIS Capital, whose financial results