Axis Capital reports Q1 operating EPS $3.42, consensus $3.33

Reports Q1 revenue $1.64B, consensus $1.81B. The company said, “AXIS began 2026 building on the profitable growth that has defined our performance over the past three years. In the quarter, we produced gross premiums written of $3.1 billion, which represents an 11% increase year-over-year, with an 89.8% combined ratio. This translates to a 17.7% annualized operating return on average common equity, with 17.6% diluted book value per share growth over the past twelve months.”