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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Net premiums earned $ 3,705,625 $ 3,686,417 $ 3,870,999
Net investment income 353,335 305,336 342,766
Other insurance related income (loss) 7,222 (2,953) 650
Termination fee received 0 280,000 0
Net realized investment gains (losses)      
Other-than-temporary impairment (OTTI) losses (26,210) (72,720) (31,227)
Other realized investment gains (losses) (34,315) (65,771) 163,335
Total net realized investment gains (losses) (60,525) (138,491) 132,108
Total revenues 4,005,657 4,130,309 4,346,523
Expenses      
Net losses and loss expenses 2,204,197 2,176,199 2,186,722
Acquisition costs 746,876 718,112 737,197
General and administrative expenses 602,717 596,821 621,876
Foreign exchange gains (121,295) (102,312) (104,439)
Interest expense and financing costs 51,360 50,963 74,695
Reorganization and related expenses 0 45,867 0
Total expenses 3,483,855 3,485,650 3,516,051
Income before income taxes and interest in income (loss) of equity method investments 521,802 644,659 830,472
Income tax expense (6,340) (3,028) (25,908)
Interest in loss of equity method investments (2,094) 0 0
Net income 513,368 641,631 804,564
Amounts attributable from noncontrolling interests 0 0 (6,181)
Net income attributable to AXIS Capital 513,368 641,631 810,745
Preferred share dividends 46,597 40,069 40,088
Loss on repurchase of preferred shares 1,309 0 0
Net income available to common shareholders $ 465,462 $ 601,562 $ 770,657
Net income per common share      
Basic net income (in dollars per share) $ 5.13 $ 6.10 $ 7.38
Diluted net income (in dollars per share) $ 5.08 $ 6.04 $ 7.29
Weighted average common shares outstanding - basic 90,772 98,609 104,368
Weighted average common shares outstanding - diluted 91,547 99,629 105,713