• Axis Capital Holdings average return on tangible equity for 2023 was 7.93, a 3.29% increase from 2022.
• Axis Capital Holdings average return on tangible equity for 2022 was 8.2, a 17.65% decline from 2021.
• Axis Capital Holdings average return on tangible equity for 2021 was 6.97, a 476.76% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.