Bermudian insurer Axis Capital Holdings has revealed performance net income of $265.1m (£163.49m) for the year ended 31 December 2002.
Net premiums were $1 108m, net investment income was $97.4m for the year. The combined ratio was 70.7%.
John Charman, president and chief executive, said: "We are delighted that Axis has achieved so much in such a short period of time. There is so much yet to do. The support we have received from our global clients and intermediaries has been, and continues to be, outstanding."
