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AXIS Capital Holdings Limited

AXIS Capital Holdings Limited

NYSE•AXS
CEO: Mr. Vincent Christopher Tizzio
Sector: Financial Services
Industry: Insurance - Property & Casualty
Listing Date: 2003-07-01
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products in Bermuda, the United States, and internationally. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers professional insurance products that cover directors' and officers' liability, errors and omissions, employment practices, fiduciary, crime, professional indemnity, medical malpractice, and other financial insurance related coverages for commercial enterprises, financial institutions, not-for-profit organizations, and other professional service providers; and property insurance products for commercial buildings, residential premises, construction projects, property in transit, onshore renewable energy installations, and physical damage and business interruption following an act of terrorism. This segment also provides marine and aviation insurance services for offshore energy, renewable offshore energy, cargo, liability, including kidnap and ransom, fine art, specie, and hull war, hull and liability, and specific war coverage for passenger airlines, cargo operations, general aviation operations, airports, aviation authorities, security firms, and product manufacturers; personal accident, travel insurance, specialty health products for employer and affinity groups, and pet insurance products; and liability, cyber, and credit and political risk insurance services. The Reinsurance segment offers agriculture, marine and aviation, catastrophe, accidental and health, credit and surety, motor, professional, travel, life, engineering, property, and liability reinsurance products. AXIS Capital Holdings Limited was founded in 2001 and is headquartered in Pembroke, Bermuda.
Contact Information
92 Pitts Bay Road, AXIS House, Pembroke, HM 08, Bermuda
441-496-2600
www.axiscapital.com
Market Cap
$8.20B
P/E (TTM)
8.2
12.7
Dividend Yield
1.7%
52W High
$107.19
52W Low
$83.90
52W Range
97%
Rank37Top 25.8%
4.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$1.69B+7.48%
4-Quarter Trend

EPS

$3.85+86.89%
4-Quarter Trend

FCF

$673.84M+14.79%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Surges Significantly Net income available to common shareholders $294M for 3Q 2025, a 70% increase from $173M reported in 2024.
Underwriting Improves Combined Ratio Underwriting income reached $188M for the quarter; combined ratio improved to 89.4% versus 93.1% last year.
Strong Quarterly Earnings Per Share Earnings per common share $3.79 for the third quarter 2025, substantially higher than $2.06 reported in the prior year period.
Capital Deployment Via Repurchases Returned capital by repurchasing 1.1M common shares for $110M during the quarter, supporting shareholder value creation efforts.

Risk Factors

Catastrophe Reserve Uncertainty Remains Reserves include estimates for 2025 California Wildfires and 2024 Hurricanes Milton and Helene events, increasing uncertainty levels.
Office Sector Mortgage Exposure Allowance for credit losses on mortgage loans increased to $33M, primarily related to commercial properties exposed to the office sector.
Investment Income Declines Post-LPT Net investment income fell 10% to $185M for 3Q 2025, driven by decrease in fixed maturity assets post Enstar LPT.
Specialty Pricing Moderation Observed Overall specialty pricing has moderated across sectors; property rates are deteriorating due to significant capital deployment in the space.

Outlook

Strategic Reinsurance Transaction Closed Completed $2B loss portfolio transfer reinsurance agreement with Enstar covering business predominantly related to 2021 and prior years.
Shareholder Capital Return Program Approved new open-ended $400M share repurchase program in September 2025, following exhaustion of prior authorization limits.
Underwriting Focus for 2026 Commitment to drive profitable growth in 2026 via focused specialty underwriting strategy and disciplined risk appetite maintenance.
Technology Investment Continues Continuing implementation of data, technology, and AI capabilities to empower underwriters and enhance service provided to customers.

Peer Comparison

Revenue (TTM)

Arch Capital Group Ltd.ACGL
$19.05B
+17.6%
Everest Group, Ltd.EG
$17.51B
+8.6%
W. R. Berkley CorporationWRB
$14.65B
+11.1%

Gross Margin (Latest Quarter)

Arch Capital Group Ltd.ACGL
99.0%
+67.9pp
AXIS Capital Holdings LimitedAXS
98.7%
+280.5pp
AMERISAFE, Inc.AMSF
89.8%
+39.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ACGL$35.59B8.618.4%3.4%
WRB$26.26B14.420.9%0.0%
EG$13.78B24.93.8%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
4.8%
Moderate Growth
4Q Net Income CAGR
0.9%
Profitability Slowly Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 4, 2026
|
EPS:$2.95
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 29, 2025|
    Revenue: $1.69B+7.5%
    |
    EPS: $3.85+86.9%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 29, 2025|
    Revenue: $1.54B+5.5%
    |
    EPS: $2.75+13.6%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 30, 2025|
    Revenue: $1.47B+3.0%
    |
    EPS: $2.30-49.7%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 26, 2025|
    Revenue: $6.02B+6.1%
    |
    EPS: $12.49+207.6%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $1.58B+7.8%
    |
    EPS: $2.06-2.8%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 30, 2024|
    Revenue: $1.46B+5.6%
    |
    EPS: $2.42+44.0%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $1.43B+6.0%
    |
    EPS: $4.57+125.1%
    Meet
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 27, 2024|
    Revenue: $5.62B+6.9%
    |
    EPS: $4.06+78.9%
    Miss