Axis Capital reports Q3 EPS $3.74, consensus $2.92

Reports Q3 revenue $1.67B, consensus $1.44B. Commenting on the third quarter 2025 financial results, Vince Tizzio, President and CEO of AXIS Capital (AXS) said: “AXIS produced another strong quarter highlighted by a 14% year-over-year increase in diluted book value per common share, and annualized operating return on equity of 18%. These results are direct outcomes of the enhancements we have made to our product portfolio, operating model, and a highly engaged team focused on disciplined execution. Our insurance business again delivered an excellent quarter with record third quarter gross premiums written of $1.7 billion, representing 11% growth, record third quarter new business premiums of $570 million, and an 85.9% combined ratio. In parallel, AXIS Re continued its track record of solid performance with a 92.2% combined ratio and a 6% increase in gross premiums written. Our “How We Work” program is driving ongoing operational improvements throughout the business, powered by investments in data, technology, and AI. Our team remains resolute in building on the progress we’ve achieved, as we pursue our ambition to become the industry’s leading specialty underwriter.”