CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues
Net premiums earned	$ 1,000,400	$ 945,873	$ 1,946,349	$ 1,819,911
Net investment income	114,867	83,112	197,610	192,019
Other insurance related income	1,683	435	4,766	1,030
Net realized investment gains:
Other-than-temporary impairment (OTTI) losses	(1,905)	(5,127)	(2,690)	(6,025)
Non-credit portion of OTTI losses recognized in other comprehensive income	0	0	0	0
Other realized investment gains	35,166	21,362	46,572	66,738
Total net realized investment gains	33,261	16,235	43,882	60,713
Total revenues	1,150,211	1,045,655	2,192,607	2,073,673
Expenses
Net losses and loss expenses	565,829	642,899	1,110,036	1,081,313
Acquisition costs	191,862	169,719	363,899	315,209
General and administrative expenses	151,081	149,034	303,810	290,508
Foreign exchange losses (gains)	9,705	(10,320)	13,939	(45,201)
Interest expense and financing costs	19,975	15,260	36,569	31,095
Total expenses	938,452	966,592	1,828,253	1,672,924
Income before income taxes	211,759	79,063	364,354	400,749
Income tax expense (benefit)	9,500	(4,662)	13,625	5,469
Net income	202,259	83,725	350,729	395,280
Net income attributable to noncontrolling interests	1,573	0	2,795	0
Net income attributable to AXIS Capital	200,686	83,725	347,934	395,280
Preferred share dividends	10,022	8,197	20,044	16,938
Loss on repurchase of preferred shares	0	3,081	0	3,081
Net income available to common shareholders	$ 190,664	$ 72,447	$ 327,890	$ 375,261
Net income per common share:
Basic net income	$ 1.81	$ 0.63	$ 3.06	$ 3.23
Diluted net income	$ 1.79	$ 0.62	$ 3.03	$ 3.19
Weighted average number of common shares outstanding - basic	105,118	115,163	107,075	116,088
Weighted average number of common shares outstanding - diluted	106,289	116,671	108,329	117,660
Cash dividends declared per common share	$ 0.27	$ 0.25	$ 0.54	$ 0.50