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Axis Capital Holdings (AXS)
NYSE:AXS
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.46Last Year’s EPS
3.17Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed a strongly positive operational and financial performance: record premiums, significant book value and ROE gains, improved combined ratios and successful execution on strategic initiatives (How We Work, ACS, lower middle market expansion). Management emphasized disciplined cycle and reserve management, strong capital returns, and confidence in 2026 execution while acknowledging pockets of caution—most notably cyber, competitive pressures in reinsurance, near-term G&A variability from investments and some mix-driven loss-ratio pressure. On balance, positives (record results, margin improvement, capital strength, strategic investments) substantially outweigh the identified challenges.Company Guidance
Record Financial and Shareholder Metrics
Diluted book value per common share increased 18% year-over-year to $77.20; net income available to common shareholders was $978M for the full year ($12.35 per diluted share) and $282M in the quarter ($3.67 per diluted share); operating ROE ~18% (18.1% operating ROE for the year).
Record Gross Written Premiums and Growth
Company record gross written premiums of $9.6B for 2025, up 7% year-over-year; fourth-quarter GWP $2.2B, up 12% versus prior-year quarter (net premiums up 13%).
Insurance Segment Outperformance
Insurance GWP reached a record $7.2B (up 9% year-over-year); record new premiums written of $2.4B; underwriting income of $597M, up 40% year-over-year; insurance combined ratio of 86% (3 percentage-point improvement).
Improved Consolidated Profitability and Loss Ratios
Full-year consolidated combined ratio improved to 89.8% (lowest full-year combined ratio since 2010); fourth-quarter combined ratio 90.4%; ex-cat accident year loss ratios stable (insurance ex-cat accident year ~52.4%).
Strong Reinsurance Profitability Despite Selective Growth
AXIS Re produced underwriting income of $128M and a combined ratio of 92.6% for 2025; gross written premiums of $2.5B (low single-digit increase); positive bottom-line focus with eight consecutive quarters of positive bottom-line results.
Capital Position and Shareholder Returns
Returned substantial capital: $139M dividends and $888M share repurchases in 2025; additional $112M repurchase authorization; management prioritizes funding organic growth while remaining opportunistic on buybacks.
Investments in Operations, Technology and AI
Accelerated 'How We Work' program with commitment to deploy $100M (increased investments in 2025) to scale new lines, integrate AI-enabled front end and improve underwriting/operating efficiency; expect leverage of investments in 2026 to drive G&A improvement toward 11% target.
New Business Initiatives and Fee Income
AXIS Capacity Solutions (ACS) early traction (initial GWP ~ $20M in the quarter) and ILS/underwriting fee income of $54M for the year ($14M in the quarter) creating incremental fee-like earnings streams.
Investment Income and Portfolio Management
Investment income $767M for the year (up 1%); firm increased exposure to below-BBB bonds to 19% (within 15%–20% target range) consistent with modestly higher investment risk appetite.
Reserve Strength and Validation
Recorded reserve release of $30M in the quarter ($23M insurance, $7M reinsurance); independent third-party actuarial review at year-end provided additional confidence in reserve position; management reiterates strong reserve confidence.
AXS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AXS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | $103.78 | $104.05 | +0.26% |
Nov 03, 2025 | $94.34 | $95.98 | +1.74% |
Jul 29, 2025 | $96.68 | $93.24 | -3.56% |
Apr 30, 2025 | $95.47 | $96.56 | +1.14% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Axis Capital Holdings (AXS) report earnings?
Axis Capital Holdings (AXS) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Axis Capital Holdings (AXS) earnings time?
Axis Capital Holdings (AXS) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AXS EPS forecast?
AXS EPS forecast for the fiscal quarter 2026 (Q1) is 3.46.