Axis Capital Holdings ( (AXS) ) has released its Q1 earnings. Here is a breakdown of the information Axis Capital Holdings presented to its investors.
AXIS Capital Holdings Limited is a global specialty underwriter and provider of insurance and reinsurance solutions, with operations in Bermuda, the United States, Europe, Singapore, and Canada. The company is recognized for its strong financial strength ratings and commitment to specialty markets.
In its first quarter of 2025, AXIS Capital reported a net income of $187 million, or $2.26 per diluted common share, and an operating income of $261 million, or $3.17 per diluted common share. The company’s annualized operating return on average common equity was an impressive 19.2%, reflecting a robust performance amidst challenging market conditions.
Key financial metrics for the quarter included a combined ratio of 90.2%, indicating strong underwriting performance, and a significant increase in book value per diluted common share to $66.48, up 16.4% from the previous year. The insurance segment achieved a combined ratio of 86.7% with gross premiums reaching $1.7 billion, while the reinsurance segment maintained profitability with a 92.3% combined ratio and $1.1 billion in premiums.
The company also completed a significant loss portfolio transfer reinsurance agreement with Enstar, aimed at retroceding a portfolio of reinsurance business. This strategic move is part of AXIS Capital’s efforts to enhance its operational efficiency and leverage data and technology for continuous improvement.
Looking ahead, AXIS Capital remains focused on driving bottom-line results and expanding its specialty markets. The management is optimistic about the company’s future prospects, supported by a resilient portfolio and strategic initiatives aimed at sustaining strong performance throughout market cycles.