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AXS

AXIS Capital Holdings Limited

AXS

AXIS Capital Holdings Limited • NYSE
$102.24 ▲ 0.10% (+0.10)
Market Cap $7.88 B
52w High $107.19
52w Low $83.90
Dividend Yield 1.76%
P/E 8.46
Volume 204.34K
Outstanding Shares 77.04M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.693B ▲ $196.165M ▲ $301.864M ▲ 17.827% ▲ $3.85 ▲ $400.574M ▲
Q2-2025 $1.54B ▲ $182.392M ▲ $223.358M ▲ 14.501% ▲ $2.75 ▲ $310.327M ▲
Q1-2025 $1.468B ▼ $181.193M ▼ $194.071M ▼ 13.222% ▼ $2.3 ▼ $266.466M ▼
Q4-2024 $1.585B ▲ $209.581M ▲ $293.633M ▲ 18.528% ▲ $3.43 ▲ $296.855M ▲
Q3-2024 $1.52B $185.915M $180.728M 11.892% $2.06 $258.156M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $5.706B ▲ $34.336B ▲ $27.969B ▼ $6.367B ▲
Q2-2025 $5.681B ▲ $34.151B ▲ $27.977B ▲ $6.174B ▲
Q1-2025 $2.849B ▼ $33.249B ▲ $27.346B ▲ $5.903B ▼
Q4-2024 $6.92B ▲ $32.52B ▼ $26.431B ▼ $6.089B ▲
Q3-2024 $6.124B $32.723B $26.639B $6.083B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $301.862M ▲ $673.841M ▲ $-565.966M ▼ $-152.001M ▼ $-51.123M ▲ $673.841M ▲
Q2-2025 $223.356M ▲ $-1.654B ▼ $-184.507M ▼ $-93.423M ▲ $-1.924B ▼ $-1.654B ▼
Q1-2025 $194.071M ▼ $309.079M ▼ $462.286M ▼ $-511.659M ▼ $269.146M ▼ $309.079M ▼
Q4-2024 $293.635M ▲ $355.547M ▼ $1.391B ▲ $-114.937M ▼ $1.592B ▲ $355.547M ▼
Q3-2024 $180.728M $587.027M $-700.339M $-95.199M $-183.737M $587.027M

Revenue by Products

Product Q1-2018
Service Fees and Reimbursement of Expenses
Service Fees and Reimbursement of Expenses
 $10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Over the past few years AXIS has clearly shifted from patchy profitability to solid, more consistent earnings. Revenue has grown steadily, and underwriting results have improved, which shows up as much stronger operating and net income than earlier in the period. The move from a small loss in 2020 to strong profits recently suggests better risk selection, tighter pricing, and fewer problem years. The one caution is that earnings have been somewhat volatile from year to year, which is common in specialty insurance but still worth keeping in mind when thinking about sustainability of current profit levels.

Balance Sheet

Balance Sheet The balance sheet looks sturdier than it did a few years ago. Total assets have grown, cash holdings have increased meaningfully, and shareholders’ equity has built up over time. Debt levels have stayed fairly stable, so the company does not appear to be levering up aggressively to grow. Overall, AXIS seems to have a solid capital base and liquidity cushion, which is important in an industry that must be ready for large, unexpected claims.

Cash Flow

Cash Flow Cash generation has improved noticeably. Operating cash flow has strengthened year after year, and because capital spending needs are light, most of that cash is effectively available as free cash flow. This pattern supports the idea that recent earnings quality is reasonably good and backed by cash, not just accounting gains. As with all insurers, cash flows can fluctuate with large claims and investment markets, but the recent trend is clearly positive.

Competitive Edge

Competitive Edge AXIS competes in the more specialized corners of property and casualty insurance and reinsurance, rather than broad, mass‑market coverage. This niche focus, along with disciplined underwriting, gives it an edge in complex areas like cyber, professional lines, and renewable energy risks. Strong financial strength ratings support broker and client confidence. At the same time, concentration in specialty lines means exposure to pricing cycles and emerging risks, and the company must continually prove it can price new, complex threats better than peers.

Innovation and R&D

Innovation and R&D The company is leaning heavily into data, technology, and AI to sharpen its underwriting and streamline operations. Its “How We Work” program, AI‑driven underwriting tools (like its partnership with Sixfold), digital distribution efforts, and venture investments in insurtechs all point to a proactive innovation agenda. AXIS is also using technology to differentiate products, particularly in cyber insurance and renewable energy solutions. The opportunity is meaningful efficiency and better risk selection, but the strategy depends on successful execution and staying ahead of rapid changes in both technology and cyber risk.

Summary

AXIS looks like a specialty insurer that has successfully moved from a more uneven past into a period of stronger, more disciplined performance. Profitability and cash generation have improved, the balance sheet has become more robust, and the firm has carved out a focused position in higher‑margin, complex risk areas. Its push into AI, digital platforms, and sustainable risk solutions could reinforce that edge if managed well. The main things to watch are the inherent volatility of specialty insurance, exposure to large loss events and pricing cycles, and the execution risk that comes with relying heavily on new technology and emerging risk segments.

NEWS

October 29, 2025 · 4:15 PM UTC

AXIS Capital Reports Third Quarter Net Income Available to Common Shareholders of $294 Million, or $3.74 Per Diluted Common Share and Operating Income of $255 Million, or $3.25 Per Diluted Common Share

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October 2, 2025 · 4:15 PM UTC

AXIS Capital to Release Third Quarter Financial Results on October 29, 2025

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September 17, 2025 · 4:15 PM UTC

AXIS Capital Declares Quarterly Dividends and Announces New Share Repurchase Authorization

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