Axis Capital Holdings (AXS)
NYSE:AXS
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.43Last Year’s EPS
3.29Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a majority of positive operational and financial indicators: strong ROE, double-digit premium growth at the group level, improved combined ratio, significant operating cash flow, disciplined capital returns, and tangible AI-driven efficiency gains. Management is actively repositioning the portfolio toward short-tail, higher-return areas and exercising discipline in reinsurance and cyber. Key challenges include weakening property pricing, cyber exposure concerns tied to AI-driven threats, unrealized investment losses that pressured book value, restructuring charges, and expected selective contraction in reinsurance long-tail writings. Overall, the positives (profitability, top-line growth, expense efficiency, capital returns and clear portfolio strategy) outweigh the noted headwinds, but management emphasizes active cycle management and caution in exposed lines.Company Guidance
Strong profitability and ROE
Net income available to common shareholders of $247 million ($3.29 per diluted share) and operating income of $257 million ($3.42 per diluted share), producing an annualized ROE of 17% and operating ROE of 18%.
Premium growth
Gross written premiums of $3.1 billion, up nearly 11% year-over-year; insurance gross written premiums of ~$1.98 billion, up ~20% year-over-year. On a net basis, premiums were up 9%.
Strong combined ratio and underwriting performance
Reported consolidated combined ratio of 89.8%; Insurance combined ratio of 86.3% (improvement of 0.4 percentage points YoY). Reinsurance combined ratio of 92.7% and underwriting income in insurance of $157 million (up 17% YoY).
Shift toward short-tail business and portfolio repositioning
Short-tail lines now constitute ~60% of overall premiums; reinsurance short-tail proportion rose from 50% to 61% YoY. Expanded classes now represent 17% of total insurance portfolio, enabling targeted profitable growth.
Expense efficiency and G&A improvement
Consolidated G&A ratio of 10.7% versus 11.9% a year ago (improvement of 1.2 percentage points); management reaffirmed full-year target ~11% while continuing selective investments.
Material operating cash flow and capital returns
Operating cash flow of $590 million versus $309 million a year ago (up ~91%), and capital returned to shareholders of $93 million in the quarter (dividends $33 million, share repurchases $60 million). Board approved an additional $300 million repurchase authorization; $53 million remained on the prior authorization.
Reserve release and controlled catastrophe impact
Recorded a reserve release of $18 million ($15 million insurance, $3 million reinsurance). Cat losses were $48 million, producing a cat loss ratio of 3.2%.
Technology and AI-driven productivity gains
AI and platform investments delivered efficiency: auto-ingestion cut submission routing time by over 65% in initial rollout; next-generation underwriting platform reduced quote cycle time by up to 30% in deployed areas; these contributed to expense ratio gains and operational productivity.
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 |
|---|---|---|---|
Apr 29, 2026 | $97.96 | $100.41 | +2.50% |
Jan 28, 2026 | $103.33 | $103.59 | +0.26% |
Nov 03, 2025 | $93.55 | $95.17 | +1.74% |
Jul 29, 2025 | $95.87 | $92.45 | -3.56% |
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 Aug 04, 2026, After Close (Confirmed).
What is Axis Capital Holdings (AXS) earnings time?
Axis Capital Holdings (AXS) earnings time is at Aug 04, 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 (Q2) is 3.43.