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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenues    
Net premiums earned $ 945,949 $ 874,039
Net investment income 82,744 108,908
Other insurance related income 3,082 595
Net realized investment gains:    
Other-than-temporary impairment (OTTI) losses (786) (898)
Non-credit portion of OTTI losses recognized in other comprehensive income 0 0
Other realized investment gains 11,406 45,376
Total net realized investment gains 10,620 44,478
Total revenues 1,042,395 1,028,020
Expenses    
Net losses and loss expenses 544,207 438,414
Acquisition costs 172,036 145,491
General and administrative expenses 152,729 141,475
Foreign exchange losses (gains) 4,233 (34,882)
Interest expense and financing costs 16,594 15,834
Total expenses 889,799 706,332
Income before income taxes 152,596 321,688
Income tax expense 4,125 10,131
Net income 148,471 311,557
Net income attributable to noncontrolling interests 1,222 0
Net income attributable to AXIS Capital 147,249 311,557
Preferred share dividends 10,022 8,741
Net income available to common shareholders $ 137,227 $ 302,816
Net income per common share:    
Basic net income $ 1.26 $ 2.59
Diluted net income $ 1.24 $ 2.55
Weighted average number of common shares outstanding - basic 109,053 117,022
Weighted average number of common shares outstanding - diluted 110,391 118,658
Cash dividends declared per common share $ 0.27 $ 0.25