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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues        
Net premiums earned $ 966,138 $ 945,242 $ 2,912,482 $ 2,765,154
Net investment income 66,562 103,429 264,171 295,450
Other insurance related income 7,702 725 12,468 1,756
Net realized investment gains (losses):        
Other-than-temporary impairment (OTTI) losses (9,431) (2,811) (12,121) (8,836)
Other realized investment gains (losses) 86,879 (1,897) 133,450 64,840
Total net realized investment gains (losses) 77,448 (4,708) 121,329 56,004
Total revenues 1,117,850 1,044,688 3,310,450 3,118,364
Expenses        
Net losses and loss expenses 552,064 501,522 1,662,097 1,582,835
Acquisition costs 185,950 173,682 549,848 488,892
General and administrative expenses 152,916 140,699 456,725 431,207
Foreign exchange losses (gains) (72,292) 56,860 (58,353) 11,659
Interest expense and financing costs 20,344 15,260 56,913 46,355
Total expenses 838,982 888,023 2,667,230 2,560,948
Income before income taxes 278,868 156,665 643,220 557,416
Income tax expense (benefit) (4,098) 6,030 9,527 11,500
Net income 282,966 150,635 633,693 545,916
Amounts attributable to (from) noncontrolling interests (6,160) 0 (3,365) 0
Net income attributable to AXIS Capital 289,126 150,635 637,058 545,916
Preferred share dividends 10,022 13,514 30,066 30,452
Loss on repurchase of preferred shares 0 0 0 3,081
Net income available to common shareholders $ 279,104 $ 137,121 $ 606,992 $ 512,383
Net income per common share:        
Basic net income $ 2.71 $ 1.23 $ 5.74 $ 4.47
Diluted net income $ 2.68 $ 1.21 $ 5.68 $ 4.41
Weighted average number of common shares outstanding - basic 102,945 111,676 105,683 114,606
Weighted average number of common shares outstanding - diluted 104,247 113,355 106,953 116,214
Cash dividends declared per common share $ 0.27 $ 0.25 $ 0.81 $ 0.75