AXIS Capital sees growth in operating income amid wildfire impact

Pre-tax catastrophe and weather-related losses, net of reinsurance, totaled $49 million, or 3.7 points on the combined ratio. Of that, $32 million, or 2.4 points, was attributed to the California wildfires. The remaining losses were related to other weather-related events. After-tax, catastrophe and weather-related losses totaled $38 million.

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