Annual Income Statements for Axis Capital
This table shows Axis Capital's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Axis Capital
This table shows Axis Capital's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
-17 |
41 |
173 |
143 |
181 |
-150 |
388 |
204 |
173 |
286 |
187 |
Consolidated Net Income / (Loss) |
|
-9.38 |
48 |
180 |
151 |
188 |
-143 |
395 |
212 |
181 |
294 |
194 |
Net Income / (Loss) Continuing Operations |
|
-9.38 |
48 |
180 |
151 |
188 |
-143 |
395 |
212 |
181 |
294 |
194 |
Total Pre-Tax Income |
|
-2.19 |
79 |
198 |
176 |
210 |
-186 |
270 |
245 |
227 |
267 |
236 |
Total Revenue |
|
1,357 |
1,359 |
1,322 |
1,346 |
1,467 |
1,401 |
1,426 |
1,454 |
1,503 |
1,568 |
1,453 |
Net Interest Income / (Expense) |
|
-16 |
-16 |
-17 |
-17 |
-16 |
-18 |
-17 |
-17 |
-17 |
-17 |
-17 |
Total Interest Income |
|
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
Total Interest Expense |
|
16 |
16 |
17 |
17 |
16 |
18 |
17 |
17 |
17 |
17 |
17 |
Long-Term Debt Interest Expense |
|
16 |
16 |
17 |
17 |
16 |
18 |
17 |
17 |
17 |
17 |
17 |
Total Non-Interest Income |
|
1,373 |
1,376 |
1,338 |
1,362 |
1,484 |
1,419 |
1,443 |
1,471 |
1,520 |
1,585 |
1,470 |
Other Service Charges |
|
1.09 |
3.08 |
0.58 |
5.52 |
10 |
6.05 |
8.34 |
8.53 |
6.84 |
7.02 |
3.58 |
Net Realized & Unrealized Capital Gains on Investments |
|
87 |
32 |
108 |
91 |
151 |
148 |
177 |
158 |
146 |
201 |
125 |
Premiums Earned |
|
1,285 |
1,340 |
1,230 |
1,266 |
1,323 |
1,265 |
1,258 |
1,304 |
1,367 |
1,377 |
1,341 |
Provision for Credit Losses |
|
3.21 |
- |
2.81 |
-0.35 |
-1.08 |
3.87 |
-4.66 |
13 |
1.13 |
0.91 |
2.73 |
Total Non-Interest Expense |
|
1,356 |
1,279 |
1,121 |
1,170 |
1,258 |
1,582 |
1,161 |
1,196 |
1,275 |
1,300 |
1,214 |
Property & Liability Insurance Claims |
|
942 |
798 |
721 |
736 |
784 |
1,152 |
729 |
766 |
832 |
832 |
786 |
Other Operating Expenses |
|
158 |
187 |
167 |
169 |
179 |
170 |
163 |
148 |
165 |
189 |
159 |
Amortization Expense |
|
243 |
278 |
233 |
256 |
266 |
257 |
257 |
268 |
278 |
279 |
267 |
Impairment Charge |
|
13 |
- |
0.00 |
9.08 |
29 |
3.63 |
12 |
14 |
0.01 |
0.23 |
1.93 |
Income Tax Expense |
|
-0.36 |
27 |
16 |
28 |
25 |
-42 |
-125 |
41 |
48 |
-19 |
44 |
Other Gains / (Losses), net |
|
-7.56 |
-3.05 |
-2.21 |
2.10 |
2.94 |
1.33 |
1.17 |
7.90 |
1.62 |
7.26 |
2.29 |
Preferred Stock Dividends Declared |
|
7.56 |
7.56 |
7.56 |
7.56 |
7.56 |
7.56 |
7.56 |
7.56 |
7.56 |
7.56 |
7.56 |
Basic Earnings per Share |
|
($0.20) |
$0.48 |
$2.03 |
$1.68 |
$2.12 |
($1.77) |
$4.57 |
$2.42 |
$2.06 |
$3.44 |
$2.30 |
Weighted Average Basic Shares Outstanding |
|
84.66M |
84.86M |
84.86M |
85.21M |
85.22M |
85.14M |
84.88M |
84.48M |
83.94M |
84.17M |
81.15M |
Diluted Earnings per Share |
|
($0.20) |
$0.48 |
$2.01 |
$1.67 |
$2.10 |
($1.76) |
$4.53 |
$2.40 |
$2.04 |
$3.38 |
$2.26 |
Weighted Average Diluted Shares Outstanding |
|
84.66M |
85.67M |
85.85M |
85.81M |
86.11M |
86.01M |
85.69M |
85.33M |
85M |
85.18M |
82.38M |
Weighted Average Basic & Diluted Shares Outstanding |
|
84.67M |
84.71M |
85.20M |
- |
- |
84.45M |
84.66M |
84.18M |
83.66M |
80.79M |
78.65M |
Cash Dividends to Common per Share |
|
- |
- |
- |
- |
$0.00 |
- |
- |
- |
$0.00 |
- |
$0.00 |
Annual Cash Flow Statements for Axis Capital
This table details how cash moves in and out of Axis Capital's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
66 |
67 |
122 |
466 |
-254 |
-73 |
-186 |
-143 |
209 |
1,680 |
Net Cash From Operating Activities |
|
791 |
407 |
259 |
11 |
199 |
344 |
1,198 |
798 |
1,256 |
1,845 |
Net Cash From Continuing Operating Activities |
|
791 |
407 |
259 |
11 |
199 |
344 |
1,198 |
798 |
1,256 |
1,845 |
Net Income / (Loss) Continuing Operations |
|
642 |
513 |
-369 |
43 |
323 |
-120 |
619 |
223 |
376 |
1,082 |
Consolidated Net Income / (Loss) |
|
642 |
513 |
-369 |
43 |
323 |
-120 |
619 |
223 |
376 |
1,082 |
Depreciation Expense |
|
26 |
25 |
31 |
9.80 |
75 |
66 |
67 |
68 |
76 |
55 |
Amortization Expense |
|
97 |
66 |
93 |
197 |
45 |
38 |
40 |
26 |
-20 |
-38 |
Non-Cash Adjustments to Reconcile Net Income |
|
161 |
76 |
-71 |
-49 |
-135 |
-113 |
-309 |
448 |
105 |
122 |
Changes in Operating Assets and Liabilities, net |
|
-135 |
-273 |
574 |
-190 |
-110 |
473 |
781 |
33 |
719 |
624 |
Net Cash From Investing Activities |
|
-226 |
-129 |
392 |
639 |
-774 |
490 |
-1,197 |
-762 |
-856 |
280 |
Net Cash From Continuing Investing Activities |
|
-226 |
-129 |
392 |
639 |
-774 |
490 |
-1,197 |
-762 |
-856 |
280 |
Purchase of Investment Securities |
|
-11,772 |
-10,144 |
-9,558 |
-9,048 |
-10,707 |
-11,388 |
-13,158 |
-8,411 |
-7,242 |
-11,400 |
Sale and/or Maturity of Investments |
|
11,517 |
10,015 |
9,949 |
9,793 |
9,932 |
11,878 |
11,961 |
7,649 |
6,387 |
11,433 |
Other Investing Activities, net |
|
30 |
- |
- |
-106 |
- |
- |
- |
0.00 |
0.00 |
247 |
Net Cash From Financing Activities |
|
-487 |
-202 |
-546 |
-186 |
278 |
-909 |
-186 |
-150 |
-202 |
-417 |
Net Cash From Continuing Financing Activities |
|
-487 |
-202 |
-546 |
-186 |
278 |
-909 |
-186 |
-150 |
-202 |
-417 |
Repayment of Debt |
|
0.00 |
0.00 |
-67 |
0.00 |
-250 |
-500 |
- |
79 |
5.25 |
-19 |
Repurchase of Common Equity |
|
-314 |
-495 |
-261 |
- |
- |
0.00 |
0.00 |
-35 |
0.00 |
-200 |
Payment of Dividends |
|
-159 |
-172 |
-188 |
-176 |
-180 |
-173 |
-176 |
-180 |
-184 |
-182 |
Other Financing Activities, Net |
|
-18 |
-14 |
-25 |
-10 |
-10 |
-10 |
-10 |
-14 |
-24 |
-16 |
Effect of Exchange Rate Changes |
|
-12 |
-9.35 |
17 |
3.11 |
44 |
2.15 |
-0.07 |
-30 |
12 |
-28 |
Cash Interest Paid |
|
49 |
49 |
50 |
65 |
60 |
54 |
59 |
60 |
64 |
64 |
Cash Income Taxes Paid |
|
13 |
12 |
0.00 |
16 |
40 |
4.41 |
45 |
33 |
77 |
81 |
Quarterly Cash Flow Statements for Axis Capital
This table details how cash moves in and out of Axis Capital's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
- |
-661 |
4.64 |
339 |
117 |
458 |
-187 |
1,592 |
269 |
Net Cash From Operating Activities |
|
- |
-119 |
241 |
397 |
249 |
384 |
518 |
356 |
309 |
Net Cash From Continuing Operating Activities |
|
- |
-119 |
241 |
397 |
249 |
384 |
518 |
356 |
309 |
Net Income / (Loss) Continuing Operations |
|
- |
48 |
180 |
151 |
-143 |
395 |
212 |
294 |
194 |
Consolidated Net Income / (Loss) |
|
- |
48 |
180 |
151 |
-143 |
395 |
212 |
294 |
194 |
Depreciation Expense |
|
- |
16 |
15 |
16 |
13 |
14 |
14 |
13 |
14 |
Amortization Expense |
|
- |
1.22 |
-2.43 |
-3.49 |
-8.51 |
-8.63 |
-9.76 |
-12 |
-11 |
Non-Cash Adjustments to Reconcile Net Income |
|
- |
34 |
31 |
44 |
-35 |
17 |
41 |
107 |
17 |
Changes in Operating Assets and Liabilities, net |
|
- |
-219 |
17 |
190 |
422 |
-34 |
261 |
-47 |
95 |
Net Cash From Investing Activities |
|
- |
-528 |
-178 |
-4.58 |
-109 |
211 |
-621 |
1,391 |
462 |
Net Cash From Continuing Investing Activities |
|
- |
-528 |
-178 |
-4.58 |
-109 |
211 |
-621 |
1,391 |
462 |
Purchase of Investment Securities |
|
- |
-2,311 |
-1,806 |
-1,723 |
-1,434 |
-2,792 |
-2,201 |
-3,622 |
-3,245 |
Sale and/or Maturity of Investments |
|
- |
1,783 |
1,629 |
1,719 |
1,325 |
3,003 |
1,579 |
4,766 |
3,707 |
Net Cash From Financing Activities |
|
- |
-44 |
-59 |
-46 |
-52 |
-123 |
-84 |
-115 |
-512 |
Net Cash From Continuing Financing Activities |
|
- |
-44 |
-59 |
-46 |
-52 |
-123 |
-84 |
-115 |
-512 |
Repurchase of Common Equity |
|
- |
- |
0.00 |
- |
- |
-62 |
-38 |
-60 |
-440 |
Payment of Dividends |
|
- |
-44 |
-48 |
-45 |
-46 |
-48 |
-45 |
-45 |
-47 |
Other Financing Activities, Net |
|
- |
-0.31 |
-16 |
-1.11 |
-6.17 |
-14 |
-0.44 |
-0.98 |
-25 |
Effect of Exchange Rate Changes |
|
- |
31 |
0.19 |
-6.83 |
28 |
-14 |
0.28 |
-39 |
9.44 |
Cash Interest Paid |
|
- |
14 |
17 |
14 |
14 |
18 |
15 |
14 |
17 |
Cash Income Taxes Paid |
|
- |
-3.01 |
-2.40 |
34 |
23 |
6.80 |
18 |
33 |
13 |
Annual Balance Sheets for Axis Capital
This table presents Axis Capital's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
19,982 |
20,814 |
24,760 |
24,133 |
25,604 |
25,878 |
27,369 |
27,683 |
30,251 |
32,520 |
Cash and Due from Banks |
|
988 |
1,039 |
949 |
1,233 |
1,241 |
903 |
845 |
751 |
953 |
2,143 |
Restricted Cash |
|
187 |
202 |
415 |
597 |
335 |
600 |
473 |
423 |
431 |
920 |
Trading Account Securities |
|
12,329 |
12,152 |
13,366 |
11,925 |
13,060 |
12,674 |
13,561 |
12,659 |
13,684 |
13,382 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Mortgage Servicing Rights |
|
206 |
350 |
325 |
299 |
433 |
593 |
594 |
627 |
610 |
506 |
Unearned Premiums Asset |
|
4,460 |
5,205 |
3,822 |
4,021 |
4,173 |
3,933 |
4,000 |
4,284 |
4,984 |
5,106 |
Deferred Acquisition Cost |
|
472 |
439 |
474 |
567 |
492 |
431 |
466 |
474 |
451 |
525 |
Goodwill |
|
- |
47 |
102 |
102 |
102 |
101 |
101 |
101 |
101 |
66 |
Intangible Assets |
|
87 |
38 |
258 |
242 |
231 |
220 |
209 |
198 |
187 |
176 |
Other Assets |
|
1,180 |
1,267 |
4,968 |
5,067 |
5,459 |
6,357 |
7,121 |
8,166 |
8,850 |
9,695 |
Total Liabilities & Shareholders' Equity |
|
19,982 |
20,814 |
24,760 |
24,133 |
25,604 |
25,878 |
27,369 |
27,683 |
30,251 |
32,520 |
Total Liabilities |
|
14,115 |
14,541 |
19,419 |
19,102 |
20,060 |
20,582 |
21,958 |
23,043 |
24,987 |
26,431 |
Short-Term Debt |
|
9.36 |
63 |
101 |
112 |
33 |
105 |
32 |
20 |
26 |
270 |
Long-Term Debt |
|
992 |
993 |
1,377 |
1,342 |
1,808 |
1,310 |
1,311 |
1,394 |
1,400 |
1,382 |
Claims and Claim Expense |
|
9,646 |
9,698 |
12,998 |
12,281 |
12,752 |
13,927 |
14,653 |
15,169 |
16,434 |
17,219 |
Unearned Premiums Liability |
|
2,761 |
2,969 |
3,641 |
3,636 |
3,626 |
3,686 |
4,091 |
4,361 |
4,748 |
5,212 |
Other Long-Term Liabilities |
|
707 |
818 |
1,303 |
1,732 |
1,841 |
1,555 |
1,872 |
2,099 |
2,380 |
2,349 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
5,867 |
6,272 |
5,341 |
5,030 |
5,544 |
5,296 |
5,411 |
4,640 |
5,263 |
6,089 |
Total Preferred & Common Equity |
|
5,867 |
6,272 |
5,341 |
5,030 |
5,544 |
5,296 |
5,411 |
4,640 |
5,263 |
6,089 |
Preferred Stock |
|
- |
- |
- |
- |
- |
- |
550 |
550 |
550 |
550 |
Total Common Equity |
|
5,867 |
6,272 |
5,341 |
5,030 |
5,544 |
5,296 |
4,861 |
4,090 |
4,713 |
5,539 |
Common Stock |
|
2,244 |
2,302 |
2,301 |
2,311 |
2,319 |
2,332 |
2,348 |
2,368 |
2,385 |
2,396 |
Retained Earnings |
|
6,194 |
6,528 |
5,980 |
5,913 |
6,057 |
5,764 |
6,205 |
6,247 |
6,441 |
7,342 |
Treasury Stock |
|
-3,010 |
-3,562 |
-3,807 |
-3,791 |
-3,779 |
-3,765 |
-3,749 |
-3,765 |
-3,747 |
-3,931 |
Accumulated Other Comprehensive Income / (Loss) |
|
-188 |
-122 |
92 |
-177 |
172 |
414 |
57 |
-760 |
-366 |
-268 |
Quarterly Balance Sheets for Axis Capital
This table presents Axis Capital's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
Total Assets |
|
27,120 |
28,565 |
29,316 |
29,473 |
31,759 |
32,079 |
32,723 |
33,249 |
Cash and Due from Banks |
|
1,210 |
817 |
1,174 |
890 |
1,144 |
1,093 |
981 |
2,757 |
Restricted Cash |
|
625 |
362 |
344 |
378 |
698 |
562 |
490 |
576 |
Trading Account Securities |
|
12,096 |
13,064 |
13,027 |
13,155 |
13,727 |
14,007 |
15,075 |
13,044 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Mortgage Servicing Rights |
|
654 |
634 |
609 |
610 |
610 |
545 |
525 |
458 |
Unearned Premiums Asset |
|
4,386 |
4,752 |
5,139 |
5,181 |
5,578 |
5,800 |
5,429 |
5,901 |
Deferred Acquisition Cost |
|
542 |
560 |
586 |
504 |
543 |
592 |
574 |
626 |
Goodwill |
|
101 |
101 |
101 |
101 |
101 |
101 |
101 |
66 |
Intangible Assets |
|
201 |
195 |
192 |
190 |
184 |
181 |
179 |
173 |
Other Assets |
|
7,228 |
8,079 |
8,143 |
8,465 |
9,174 |
9,198 |
9,086 |
9,648 |
Total Liabilities & Shareholders' Equity |
|
27,120 |
28,565 |
29,316 |
29,473 |
31,759 |
32,079 |
32,723 |
33,249 |
Total Liabilities |
|
22,776 |
23,605 |
24,295 |
24,439 |
26,254 |
26,419 |
26,639 |
27,346 |
Short-Term Debt |
|
79 |
79 |
82 |
88 |
494 |
119 |
128 |
194 |
Long-Term Debt |
|
1,393 |
1,398 |
1,399 |
1,399 |
1,400 |
1,400 |
1,390 |
1,382 |
Claims and Claim Expense |
|
14,652 |
15,315 |
15,419 |
15,555 |
16,631 |
16,739 |
17,295 |
17,489 |
Unearned Premiums Liability |
|
4,651 |
4,822 |
5,139 |
4,996 |
5,354 |
5,675 |
5,453 |
5,860 |
Other Long-Term Liabilities |
|
2,001 |
1,991 |
2,255 |
2,401 |
2,375 |
2,487 |
2,373 |
2,422 |
Total Equity & Noncontrolling Interests |
|
4,343 |
4,960 |
5,021 |
5,033 |
5,505 |
5,659 |
6,083 |
5,903 |
Total Preferred & Common Equity |
|
4,343 |
4,960 |
5,021 |
5,033 |
5,505 |
5,659 |
6,083 |
5,903 |
Preferred Stock |
|
- |
550 |
550 |
550 |
550 |
550 |
550 |
550 |
Total Common Equity |
|
4,343 |
4,410 |
4,471 |
4,483 |
4,955 |
5,109 |
5,533 |
5,353 |
Common Stock |
|
2,357 |
2,350 |
2,363 |
2,378 |
2,370 |
2,378 |
2,388 |
2,377 |
Retained Earnings |
|
6,244 |
6,381 |
6,486 |
6,628 |
6,791 |
6,957 |
7,093 |
7,492 |
Treasury Stock |
|
-3,765 |
-3,749 |
-3,748 |
-3,747 |
-3,794 |
-3,831 |
-3,871 |
-4,364 |
Accumulated Other Comprehensive Income / (Loss) |
|
-1,043 |
-572 |
-631 |
-775 |
-412 |
-395 |
-77 |
-152 |
Annual Metrics And Ratios for Axis Capital
This table displays calculated financial ratios and metrics derived from Axis Capital's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-4.45% |
-2.54% |
8.01% |
14.77% |
1.29% |
-8.43% |
12.23% |
-0.09% |
5.34% |
7.53% |
EBITDA Growth |
|
-20.75% |
-20.30% |
-139.74% |
190.13% |
108.77% |
-105.53% |
3,086.01% |
-55.33% |
34.45% |
125.88% |
EBIT Growth |
|
-22.37% |
-19.06% |
-170.55% |
103.41% |
2,590.54% |
-138.27% |
602.51% |
-62.53% |
63.88% |
153.04% |
NOPAT Growth |
|
-20.25% |
-19.66% |
-149.99% |
116.31% |
646.54% |
-128.81% |
748.86% |
-62.31% |
68.32% |
185.88% |
Net Income Growth |
|
-20.25% |
-19.99% |
-171.87% |
111.66% |
651.90% |
-137.23% |
613.69% |
-63.94% |
68.68% |
187.49% |
EPS Growth |
|
-17.15% |
-15.89% |
-197.24% |
100.00% |
0.00% |
-153.59% |
485.47% |
-67.39% |
78.67% |
207.21% |
Operating Cash Flow Growth |
|
-8.23% |
-48.59% |
-36.26% |
-95.84% |
1,747.25% |
72.61% |
248.67% |
-33.37% |
57.33% |
46.93% |
Free Cash Flow Firm Growth |
|
31.86% |
-93.29% |
351.03% |
49.53% |
-256.03% |
199.50% |
-7.03% |
69.44% |
-128.60% |
104.54% |
Invested Capital Growth |
|
-2.70% |
6.69% |
-6.95% |
-4.91% |
13.90% |
-9.14% |
0.64% |
-10.36% |
10.50% |
15.73% |
Revenue Q/Q Growth |
|
-1.73% |
1.18% |
6.26% |
-0.71% |
0.09% |
-1.65% |
3.67% |
0.00% |
0.00% |
0.00% |
EBITDA Q/Q Growth |
|
-6.75% |
0.05% |
-60.92% |
-56.27% |
97.35% |
-43.32% |
44.22% |
0.00% |
0.00% |
0.00% |
EBIT Q/Q Growth |
|
-5.92% |
0.10% |
-63.97% |
-94.44% |
153.72% |
-9.34% |
55.74% |
0.00% |
0.00% |
0.00% |
NOPAT Q/Q Growth |
|
-3.91% |
0.74% |
-63.97% |
-78.81% |
132.69% |
-7.07% |
56.15% |
0.00% |
0.00% |
0.00% |
Net Income Q/Q Growth |
|
-3.91% |
0.81% |
-91.54% |
-78.85% |
137.09% |
2.82% |
48.54% |
0.00% |
0.00% |
0.00% |
EPS Q/Q Growth |
|
-3.36% |
0.99% |
-58.33% |
-100.00% |
209.26% |
3.76% |
51.98% |
0.00% |
0.00% |
0.00% |
Operating Cash Flow Q/Q Growth |
|
-4.60% |
15.03% |
-42.84% |
-86.24% |
64.30% |
12.16% |
19.19% |
0.00% |
60.70% |
0.00% |
Free Cash Flow Firm Q/Q Growth |
|
-24.76% |
-88.22% |
-41.69% |
472.31% |
-896.95% |
1,182.55% |
3.68% |
-13.87% |
0.00% |
0.00% |
Invested Capital Q/Q Growth |
|
-3.56% |
2.35% |
3.77% |
-5.62% |
4.55% |
-4.60% |
-1.91% |
4.09% |
0.00% |
0.00% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
18.37% |
15.02% |
-5.53% |
4.34% |
8.95% |
-0.54% |
14.37% |
6.42% |
8.20% |
17.22% |
EBIT Margin |
|
15.42% |
12.80% |
-8.36% |
0.25% |
6.59% |
-2.76% |
12.34% |
4.63% |
7.20% |
16.94% |
Profit (Net Income) Margin |
|
15.34% |
12.60% |
-8.38% |
0.85% |
6.32% |
-2.57% |
11.76% |
4.25% |
6.80% |
18.18% |
Tax Burden Percent |
|
99.53% |
98.38% |
100.23% |
343.02% |
95.86% |
93.26% |
95.33% |
91.76% |
94.44% |
107.29% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
0.47% |
1.22% |
0.00% |
-235.10% |
7.02% |
0.00% |
9.61% |
9.06% |
6.60% |
-5.51% |
Return on Invested Capital (ROIC) |
|
9.21% |
7.26% |
-3.64% |
0.63% |
4.52% |
-1.28% |
8.71% |
3.45% |
5.84% |
14.75% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
9.21% |
7.06% |
-12.43% |
0.70% |
5.11% |
-3.13% |
11.04% |
3.60% |
6.13% |
15.91% |
Return on Net Nonoperating Assets (RNNOA) |
|
1.71% |
1.20% |
-2.71% |
0.20% |
1.59% |
-0.94% |
2.84% |
0.99% |
1.76% |
4.31% |
Return on Equity (ROE) |
|
10.92% |
8.46% |
-6.35% |
0.83% |
6.12% |
-2.22% |
11.56% |
4.44% |
7.60% |
19.06% |
Cash Return on Invested Capital (CROIC) |
|
11.95% |
0.79% |
3.56% |
5.66% |
-8.47% |
8.29% |
8.07% |
14.38% |
-4.13% |
0.17% |
Operating Return on Assets (OROA) |
|
3.23% |
2.56% |
-1.62% |
0.05% |
1.36% |
-0.50% |
2.44% |
0.88% |
1.38% |
3.21% |
Return on Assets (ROA) |
|
3.21% |
2.52% |
-1.62% |
0.18% |
1.30% |
-0.47% |
2.32% |
0.81% |
1.30% |
3.45% |
Return on Common Equity (ROCE) |
|
10.87% |
8.46% |
-6.35% |
0.83% |
6.12% |
-2.22% |
10.96% |
3.95% |
6.76% |
17.21% |
Return on Equity Simple (ROE_SIMPLE) |
|
10.94% |
8.18% |
-6.91% |
0.86% |
5.83% |
-2.27% |
11.43% |
4.81% |
7.15% |
17.77% |
Net Operating Profit after Tax (NOPAT) |
|
642 |
515 |
-258 |
42 |
314 |
-90 |
587 |
221 |
372 |
1,064 |
NOPAT Margin |
|
15.34% |
12.65% |
-5.85% |
0.83% |
6.13% |
-1.93% |
11.15% |
4.21% |
6.72% |
17.88% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.20% |
8.79% |
-0.07% |
-0.59% |
1.84% |
-2.33% |
-0.14% |
-0.29% |
-1.17% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
84.58% |
87.20% |
108.36% |
99.75% |
93.41% |
102.76% |
87.66% |
95.16% |
92.71% |
82.89% |
Earnings before Interest and Taxes (EBIT) |
|
645 |
522 |
-368 |
13 |
337 |
-129 |
649 |
243 |
398 |
1,008 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
768 |
612 |
-243 |
219 |
458 |
-25 |
756 |
338 |
454 |
1,025 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.75 |
0.77 |
0.65 |
0.73 |
0.79 |
0.73 |
0.88 |
1.07 |
0.99 |
1.36 |
Price to Tangible Book Value (P/TBV) |
|
0.76 |
0.78 |
0.70 |
0.79 |
0.84 |
0.77 |
0.94 |
1.16 |
1.05 |
1.43 |
Price to Revenue (P/Rev) |
|
1.05 |
1.18 |
0.79 |
0.73 |
0.86 |
0.82 |
0.81 |
0.84 |
0.84 |
1.27 |
Price to Earnings (P/E) |
|
7.30 |
10.32 |
0.00 |
9,308.33 |
15.52 |
0.00 |
7.27 |
22.75 |
13.44 |
7.18 |
Dividend Yield |
|
2.77% |
2.72% |
3.69% |
3.58% |
3.10% |
3.61% |
3.37% |
3.38% |
3.26% |
1.99% |
Earnings Yield |
|
13.70% |
9.69% |
0.00% |
0.01% |
6.44% |
0.00% |
13.76% |
4.40% |
7.44% |
13.93% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.61 |
0.63 |
0.53 |
0.51 |
0.63 |
0.56 |
0.72 |
0.86 |
0.78 |
0.86 |
Enterprise Value to Revenue (EV/Rev) |
|
1.01 |
1.13 |
0.82 |
0.66 |
0.91 |
0.80 |
0.92 |
0.99 |
0.95 |
1.12 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
5.49 |
7.54 |
0.00 |
15.09 |
10.15 |
0.00 |
6.42 |
15.33 |
11.55 |
6.52 |
Enterprise Value to EBIT (EV/EBIT) |
|
6.54 |
8.85 |
0.00 |
263.90 |
13.77 |
0.00 |
7.48 |
21.29 |
13.16 |
6.63 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
6.57 |
8.96 |
0.00 |
78.75 |
14.81 |
0.00 |
8.27 |
23.41 |
14.09 |
6.28 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
5.33 |
11.36 |
13.90 |
307.24 |
23.36 |
10.95 |
4.05 |
6.49 |
4.18 |
3.62 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
5.07 |
82.74 |
14.31 |
8.79 |
0.00 |
6.44 |
8.93 |
5.62 |
0.00 |
559.03 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.17 |
0.17 |
0.28 |
0.29 |
0.33 |
0.27 |
0.25 |
0.30 |
0.27 |
0.27 |
Long-Term Debt to Equity |
|
0.17 |
0.16 |
0.26 |
0.27 |
0.33 |
0.25 |
0.24 |
0.30 |
0.27 |
0.23 |
Financial Leverage |
|
0.19 |
0.17 |
0.22 |
0.28 |
0.31 |
0.30 |
0.26 |
0.27 |
0.29 |
0.27 |
Leverage Ratio |
|
3.40 |
3.36 |
3.92 |
4.71 |
4.70 |
4.75 |
4.97 |
5.48 |
5.85 |
5.53 |
Compound Leverage Factor |
|
3.40 |
3.36 |
3.92 |
4.71 |
4.70 |
4.75 |
4.97 |
5.48 |
5.85 |
5.53 |
Debt to Total Capital |
|
14.58% |
14.40% |
21.66% |
22.42% |
24.93% |
21.08% |
19.88% |
23.35% |
21.31% |
21.33% |
Short-Term Debt to Total Capital |
|
0.14% |
0.85% |
1.48% |
1.72% |
0.45% |
1.56% |
0.47% |
0.33% |
0.39% |
3.48% |
Long-Term Debt to Total Capital |
|
14.44% |
13.55% |
20.19% |
20.70% |
24.48% |
19.52% |
19.41% |
23.02% |
20.92% |
17.85% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
8.14% |
9.09% |
8.22% |
7.11% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
85.42% |
85.60% |
78.34% |
77.58% |
75.07% |
78.92% |
71.98% |
67.56% |
70.46% |
71.56% |
Debt to EBITDA |
|
1.30 |
1.72 |
-6.07 |
6.63 |
4.02 |
-55.90 |
1.78 |
4.19 |
3.14 |
1.61 |
Net Debt to EBITDA |
|
-0.23 |
-0.30 |
-0.47 |
-1.72 |
0.58 |
3.51 |
0.03 |
0.71 |
0.09 |
-1.38 |
Long-Term Debt to EBITDA |
|
1.29 |
1.62 |
-5.66 |
6.12 |
3.95 |
-51.76 |
1.74 |
4.13 |
3.08 |
1.35 |
Debt to NOPAT |
|
1.56 |
2.05 |
-5.73 |
34.59 |
5.87 |
-15.65 |
2.29 |
6.39 |
3.83 |
1.55 |
Net Debt to NOPAT |
|
-0.27 |
-0.36 |
-0.44 |
-8.95 |
0.84 |
0.98 |
0.04 |
1.08 |
0.11 |
-1.33 |
Long-Term Debt to NOPAT |
|
1.55 |
1.93 |
-5.34 |
31.93 |
5.76 |
-14.49 |
2.24 |
6.30 |
3.76 |
1.30 |
Noncontrolling Interest Sharing Ratio |
|
0.50% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
5.14% |
10.94% |
11.11% |
9.69% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
832 |
56 |
252 |
377 |
-588 |
585 |
544 |
921 |
-263 |
12 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
16.33 |
1.09 |
4.59 |
5.58 |
-8.63 |
7.79 |
8.72 |
14.58 |
-3.85 |
0.18 |
Operating Cash Flow to Interest Expense |
|
15.53 |
7.92 |
4.73 |
0.16 |
2.92 |
4.58 |
19.22 |
12.64 |
18.35 |
27.22 |
Operating Cash Flow Less CapEx to Interest Expense |
|
15.53 |
7.92 |
4.73 |
0.16 |
2.92 |
4.58 |
19.22 |
12.64 |
18.35 |
27.22 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.21 |
0.20 |
0.19 |
0.21 |
0.21 |
0.18 |
0.20 |
0.19 |
0.19 |
0.19 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
6,868 |
7,328 |
6,818 |
6,484 |
7,385 |
6,710 |
6,753 |
6,053 |
6,689 |
7,741 |
Invested Capital Turnover |
|
0.60 |
0.57 |
0.62 |
0.76 |
0.74 |
0.66 |
0.78 |
0.82 |
0.87 |
0.82 |
Increase / (Decrease) in Invested Capital |
|
-191 |
460 |
-509 |
-335 |
901 |
-675 |
43 |
-700 |
635 |
1,052 |
Enterprise Value (EV) |
|
4,219 |
4,620 |
3,603 |
3,310 |
4,648 |
3,762 |
4,852 |
5,176 |
5,242 |
6,686 |
Market Capitalization |
|
4,392 |
4,806 |
3,490 |
3,686 |
4,383 |
3,851 |
4,277 |
4,388 |
4,651 |
7,548 |
Book Value per Share |
|
$60.86 |
$70.92 |
$64.23 |
$60.18 |
$66.03 |
$62.80 |
$57.34 |
$48.31 |
$55.29 |
$66.22 |
Tangible Book Value per Share |
|
$59.96 |
$69.96 |
$59.90 |
$56.07 |
$62.07 |
$59.00 |
$53.69 |
$44.78 |
$51.92 |
$63.32 |
Total Capital |
|
6,868 |
7,328 |
6,818 |
6,484 |
7,385 |
6,710 |
6,753 |
6,053 |
6,689 |
7,741 |
Total Debt |
|
1,001 |
1,056 |
1,477 |
1,454 |
1,841 |
1,414 |
1,343 |
1,413 |
1,426 |
1,651 |
Total Long-Term Debt |
|
992 |
993 |
1,377 |
1,342 |
1,808 |
1,310 |
1,311 |
1,394 |
1,400 |
1,382 |
Net Debt |
|
-173 |
-186 |
113 |
-376 |
265 |
-89 |
25 |
239 |
42 |
-1,412 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
0.00 |
2.09 |
111 |
-0.99 |
-9.72 |
30 |
-32 |
-2.00 |
-4.16 |
-18 |
Net Nonoperating Obligations (NNO) |
|
1,001 |
1,056 |
1,477 |
1,454 |
1,841 |
1,414 |
1,343 |
1,413 |
1,426 |
1,651 |
Total Depreciation and Amortization (D&A) |
|
124 |
90 |
125 |
207 |
120 |
104 |
107 |
94 |
55 |
17 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$6.10 |
$5.13 |
($4.94) |
$0.00 |
$3.37 |
($1.79) |
$6.95 |
$2.27 |
$4.06 |
$12.49 |
Adjusted Weighted Average Basic Shares Outstanding |
|
98.61M |
90.77M |
84.11M |
83.50M |
83.89M |
84.26M |
84.71M |
84.86M |
85.14M |
84.17M |
Adjusted Diluted Earnings per Share |
|
$6.04 |
$5.08 |
($4.94) |
$0.00 |
$3.34 |
($1.79) |
$6.90 |
$2.25 |
$4.02 |
$12.35 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
99.63M |
91.55M |
84.11M |
84.01M |
84.47M |
84.26M |
85.29M |
85.67M |
86.01M |
85.18M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$3.37 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
94.91M |
86.12M |
83.23M |
83.63M |
84.00M |
84.41M |
84.80M |
84.71M |
84.45M |
80.79M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
687 |
515 |
-239 |
56 |
349 |
-85 |
587 |
261 |
411 |
724 |
Normalized NOPAT Margin |
|
16.44% |
12.65% |
-5.43% |
1.10% |
6.81% |
-1.81% |
11.15% |
4.97% |
7.43% |
12.17% |
Pre Tax Income Margin |
|
15.42% |
12.80% |
-8.36% |
0.25% |
6.59% |
-2.76% |
12.34% |
4.63% |
7.20% |
16.94% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
12.65 |
10.16 |
-6.72 |
0.19 |
4.95 |
-1.72 |
10.42 |
3.85 |
5.82 |
14.88 |
NOPAT to Interest Expense |
|
12.59 |
10.04 |
-4.70 |
0.62 |
4.61 |
-1.20 |
9.41 |
3.50 |
5.44 |
15.70 |
EBIT Less CapEx to Interest Expense |
|
12.65 |
10.16 |
-6.72 |
0.19 |
4.95 |
-1.72 |
10.42 |
3.85 |
5.82 |
14.88 |
NOPAT Less CapEx to Interest Expense |
|
12.59 |
10.04 |
-4.70 |
0.62 |
4.61 |
-1.20 |
9.41 |
3.50 |
5.44 |
15.70 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
24.74% |
33.55% |
-50.92% |
409.40% |
55.59% |
-144.01% |
28.43% |
80.50% |
48.90% |
16.83% |
Augmented Payout Ratio |
|
73.71% |
130.05% |
-121.71% |
409.40% |
55.59% |
-144.01% |
28.43% |
96.19% |
48.90% |
35.31% |
Quarterly Metrics And Ratios for Axis Capital
This table displays calculated financial ratios and metrics derived from Axis Capital's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
0.57% |
-1.01% |
2.41% |
7.88% |
8.88% |
3.04% |
7.93% |
8.05% |
2.44% |
11.97% |
1.88% |
EBITDA Growth |
|
242.32% |
-60.20% |
28.28% |
255.70% |
1,861.67% |
-286.19% |
30.61% |
31.58% |
6.05% |
248.37% |
-13.07% |
EBIT Growth |
|
-104.95% |
-62.92% |
43.96% |
512.36% |
9,692.23% |
-331.58% |
36.04% |
38.88% |
8.22% |
243.79% |
-12.44% |
NOPAT Growth |
|
-103.56% |
-74.70% |
32.44% |
340.51% |
12,194.72% |
-352.20% |
116.28% |
37.35% |
-3.27% |
320.34% |
-51.36% |
Net Income Growth |
|
-117.08% |
-76.33% |
20.71% |
333.25% |
2,104.45% |
-394.04% |
119.58% |
40.68% |
-3.92% |
305.95% |
-50.93% |
EPS Growth |
|
-135.71% |
-79.22% |
21.82% |
421.88% |
1,150.00% |
-466.67% |
125.37% |
43.71% |
-2.86% |
292.05% |
-50.11% |
Operating Cash Flow Growth |
|
0.00% |
-163.44% |
80.45% |
4.28% |
0.00% |
309.67% |
59.68% |
30.59% |
0.00% |
42.53% |
-19.54% |
Free Cash Flow Firm Growth |
|
457.11% |
367.67% |
-33.16% |
-120.56% |
462.02% |
-201.87% |
-286.46% |
-211.37% |
-223.69% |
-0.01% |
119.74% |
Invested Capital Growth |
|
-15.53% |
-10.36% |
-1.86% |
4.84% |
0.00% |
10.50% |
14.93% |
10.41% |
0.00% |
15.73% |
1.08% |
Revenue Q/Q Growth |
|
8.80% |
0.16% |
-2.28% |
1.82% |
0.00% |
-4.53% |
1.84% |
1.94% |
0.00% |
4.35% |
-7.34% |
EBITDA Q/Q Growth |
|
354.02% |
-59.67% |
119.72% |
-10.39% |
0.00% |
-138.03% |
252.07% |
-9.73% |
0.00% |
-46.79% |
-10.90% |
EBIT Q/Q Growth |
|
-107.60% |
3,765.98% |
151.28% |
-11.13% |
0.00% |
-188.50% |
245.23% |
-9.28% |
0.00% |
17.59% |
-11.56% |
NOPAT Q/Q Growth |
|
-104.54% |
3,466.26% |
253.75% |
-18.50% |
0.00% |
-170.19% |
403.38% |
-48.25% |
0.00% |
59.89% |
-33.03% |
Net Income Q/Q Growth |
|
-126.98% |
616.72% |
271.42% |
-16.34% |
0.00% |
-175.80% |
377.37% |
-46.40% |
0.00% |
62.47% |
-33.91% |
EPS Q/Q Growth |
|
-162.50% |
340.00% |
318.75% |
-16.92% |
0.00% |
-183.81% |
357.39% |
-47.02% |
0.00% |
65.69% |
-33.14% |
Operating Cash Flow Q/Q Growth |
|
0.00% |
0.00% |
302.20% |
64.92% |
0.00% |
0.00% |
54.00% |
34.87% |
0.00% |
0.00% |
-13.07% |
Free Cash Flow Firm Q/Q Growth |
|
44.57% |
-29.62% |
-59.54% |
-149.94% |
0.00% |
-112.76% |
25.94% |
16.61% |
0.00% |
89.69% |
114.62% |
Invested Capital Q/Q Growth |
|
-6.22% |
4.09% |
6.35% |
1.00% |
0.00% |
0.00% |
10.61% |
-2.98% |
0.00% |
1.83% |
-3.39% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
17.76% |
7.15% |
15.95% |
14.03% |
32.44% |
-12.92% |
19.30% |
17.09% |
33.58% |
17.12% |
16.47% |
EBIT Margin |
|
-0.16% |
5.90% |
15.00% |
13.09% |
14.30% |
-13.26% |
18.90% |
16.82% |
15.11% |
17.02% |
16.25% |
Profit (Net Income) Margin |
|
-0.69% |
3.57% |
13.63% |
11.20% |
12.82% |
-10.18% |
27.73% |
14.58% |
12.03% |
18.72% |
13.36% |
Tax Burden Percent |
|
429.08% |
61.48% |
90.87% |
85.55% |
89.66% |
76.79% |
146.66% |
86.65% |
79.61% |
109.99% |
82.20% |
Interest Burden Percent |
|
100.00% |
98.38% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
0.00% |
34.66% |
8.02% |
15.65% |
11.74% |
0.00% |
-46.23% |
16.58% |
21.11% |
-7.27% |
18.77% |
Return on Invested Capital (ROIC) |
|
0.00% |
3.11% |
0.00% |
0.00% |
0.00% |
-8.06% |
22.54% |
11.79% |
0.00% |
15.06% |
10.61% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
2.89% |
0.00% |
0.00% |
0.00% |
-8.95% |
22.61% |
12.32% |
0.00% |
15.54% |
10.74% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
0.79% |
0.00% |
0.00% |
0.00% |
-2.57% |
7.28% |
3.46% |
0.00% |
4.21% |
3.27% |
Return on Equity (ROE) |
|
0.00% |
3.90% |
0.00% |
0.00% |
0.00% |
-10.63% |
29.82% |
15.25% |
0.00% |
19.27% |
13.87% |
Cash Return on Invested Capital (CROIC) |
|
16.84% |
14.38% |
1.87% |
-4.73% |
0.00% |
-4.13% |
-5.45% |
-0.54% |
0.00% |
0.17% |
10.51% |
Operating Return on Assets (OROA) |
|
0.00% |
1.13% |
0.00% |
0.00% |
0.00% |
-2.53% |
3.53% |
3.15% |
0.00% |
3.23% |
2.99% |
Return on Assets (ROA) |
|
0.00% |
0.68% |
0.00% |
0.00% |
0.00% |
-1.95% |
5.18% |
2.73% |
0.00% |
3.55% |
2.46% |
Return on Common Equity (ROCE) |
|
0.00% |
3.48% |
0.00% |
0.00% |
0.00% |
-9.45% |
26.68% |
13.68% |
0.00% |
17.41% |
12.53% |
Return on Equity Simple (ROE_SIMPLE) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
10.75% |
11.54% |
0.00% |
0.00% |
14.91% |
Net Operating Profit after Tax (NOPAT) |
|
-1.53 |
52 |
182 |
149 |
185 |
-130 |
394 |
204 |
179 |
286 |
192 |
NOPAT Margin |
|
-0.11% |
3.79% |
13.79% |
11.04% |
12.62% |
-9.28% |
27.64% |
14.03% |
11.92% |
18.26% |
13.20% |
Net Nonoperating Expense Percent (NNEP) |
|
0.52% |
0.22% |
0.15% |
-0.14% |
0.00% |
0.89% |
-0.07% |
-0.53% |
-0.21% |
-0.47% |
-0.13% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
99.92% |
94.10% |
84.79% |
86.94% |
85.77% |
112.98% |
81.42% |
82.29% |
84.82% |
82.92% |
83.56% |
Earnings before Interest and Taxes (EBIT) |
|
-2.19 |
80 |
198 |
176 |
210 |
-186 |
270 |
245 |
227 |
267 |
236 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
241 |
97 |
211 |
189 |
476 |
-181 |
275 |
248 |
505 |
269 |
239 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.90 |
1.07 |
1.02 |
1.00 |
0.00 |
0.99 |
1.11 |
1.17 |
1.22 |
1.36 |
1.54 |
Price to Tangible Book Value (P/TBV) |
|
0.97 |
1.16 |
1.09 |
1.07 |
0.00 |
1.05 |
1.18 |
1.24 |
1.29 |
1.43 |
1.62 |
Price to Revenue (P/Rev) |
|
0.00 |
0.84 |
0.00 |
0.00 |
0.00 |
0.84 |
0.98 |
1.04 |
0.00 |
1.27 |
1.38 |
Price to Earnings (P/E) |
|
0.00 |
22.75 |
0.00 |
0.00 |
0.00 |
13.44 |
9.81 |
9.63 |
0.00 |
7.18 |
9.71 |
Dividend Yield |
|
3.71% |
3.38% |
3.33% |
3.37% |
3.21% |
3.26% |
3.42% |
2.51% |
2.21% |
1.99% |
1.76% |
Earnings Yield |
|
0.00% |
4.40% |
0.00% |
0.00% |
0.00% |
7.44% |
10.20% |
10.39% |
0.00% |
13.93% |
10.30% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.61 |
0.86 |
0.83 |
0.77 |
0.00 |
0.78 |
0.83 |
0.89 |
0.97 |
0.86 |
0.94 |
Enterprise Value to Revenue (EV/Rev) |
|
0.00 |
0.99 |
0.00 |
0.00 |
0.00 |
0.95 |
1.08 |
1.11 |
0.00 |
1.12 |
1.18 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
0.00 |
15.33 |
66.34 |
0.00 |
0.00 |
11.55 |
11.78 |
11.09 |
0.00 |
6.52 |
7.13 |
Enterprise Value to EBIT (EV/EBIT) |
|
0.00 |
21.29 |
0.00 |
0.00 |
0.00 |
13.16 |
13.00 |
11.90 |
0.00 |
6.63 |
7.23 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
0.00 |
23.41 |
0.00 |
0.00 |
0.00 |
14.09 |
10.46 |
10.02 |
0.00 |
6.28 |
8.19 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
0.00 |
6.49 |
5.89 |
0.00 |
0.00 |
4.18 |
4.37 |
4.21 |
0.00 |
3.62 |
3.98 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
3.33 |
5.62 |
43.79 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
559.03 |
9.02 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.34 |
0.30 |
0.30 |
0.29 |
0.00 |
0.27 |
0.34 |
0.27 |
0.25 |
0.27 |
0.27 |
Long-Term Debt to Equity |
|
0.32 |
0.30 |
0.28 |
0.28 |
0.00 |
0.27 |
0.25 |
0.25 |
0.23 |
0.23 |
0.23 |
Financial Leverage |
|
0.31 |
0.27 |
0.29 |
0.31 |
0.00 |
0.29 |
0.32 |
0.28 |
0.25 |
0.27 |
0.30 |
Leverage Ratio |
|
5.69 |
5.48 |
5.59 |
5.86 |
0.00 |
5.85 |
5.76 |
5.75 |
5.38 |
5.53 |
5.70 |
Compound Leverage Factor |
|
5.69 |
5.39 |
5.59 |
5.86 |
0.00 |
5.85 |
5.76 |
5.75 |
5.38 |
5.53 |
5.70 |
Debt to Total Capital |
|
25.31% |
23.35% |
22.95% |
22.77% |
0.00% |
21.31% |
25.59% |
21.16% |
19.97% |
21.33% |
21.07% |
Short-Term Debt to Total Capital |
|
1.36% |
0.33% |
1.22% |
1.26% |
0.00% |
0.39% |
6.67% |
1.65% |
1.68% |
3.48% |
2.59% |
Long-Term Debt to Total Capital |
|
23.96% |
23.02% |
21.72% |
21.51% |
0.00% |
20.92% |
18.92% |
19.51% |
18.29% |
17.85% |
18.48% |
Preferred Equity to Total Capital |
|
0.00% |
9.09% |
8.54% |
8.46% |
0.00% |
8.22% |
7.43% |
7.66% |
7.24% |
7.11% |
7.35% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
74.69% |
67.56% |
68.51% |
68.77% |
0.00% |
70.46% |
66.97% |
71.18% |
72.79% |
71.56% |
71.58% |
Debt to EBITDA |
|
0.00 |
4.19 |
18.38 |
0.00 |
0.00 |
3.14 |
3.65 |
2.63 |
0.00 |
1.61 |
1.59 |
Net Debt to EBITDA |
|
0.00 |
0.71 |
3.71 |
0.00 |
0.00 |
0.09 |
0.10 |
-0.24 |
0.00 |
-1.38 |
-1.78 |
Long-Term Debt to EBITDA |
|
0.00 |
4.13 |
17.40 |
0.00 |
0.00 |
3.08 |
2.70 |
2.42 |
0.00 |
1.35 |
1.40 |
Debt to NOPAT |
|
0.00 |
6.39 |
0.00 |
0.00 |
0.00 |
3.83 |
3.24 |
2.37 |
0.00 |
1.55 |
1.83 |
Net Debt to NOPAT |
|
0.00 |
1.08 |
0.00 |
0.00 |
0.00 |
0.11 |
0.09 |
-0.21 |
0.00 |
-1.33 |
-2.04 |
Long-Term Debt to NOPAT |
|
0.00 |
6.30 |
0.00 |
0.00 |
0.00 |
3.76 |
2.40 |
2.19 |
0.00 |
1.30 |
1.60 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
10.94% |
5.46% |
5.66% |
0.00% |
11.11% |
10.51% |
10.30% |
0.00% |
9.69% |
9.64% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
1,068 |
751 |
304 |
-152 |
6,001 |
-765 |
-567 |
-473 |
-7,422 |
-766 |
112 |
Operating Cash Flow to CapEx |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
|
67.09 |
45.74 |
18.00 |
-9.07 |
364.90 |
-41.73 |
-33.06 |
-27.79 |
-440.51 |
-45.67 |
6.75 |
Operating Cash Flow to Interest Expense |
|
0.00 |
-7.24 |
14.24 |
23.70 |
0.00 |
13.60 |
22.40 |
30.46 |
0.00 |
21.21 |
18.65 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
-7.24 |
14.24 |
23.70 |
0.00 |
13.60 |
22.40 |
30.46 |
0.00 |
21.21 |
18.65 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.00 |
0.19 |
0.00 |
0.00 |
0.00 |
0.19 |
0.19 |
0.19 |
0.00 |
0.19 |
0.18 |
Fixed Asset Turnover |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
5,816 |
6,053 |
6,437 |
6,502 |
0.00 |
6,689 |
7,399 |
7,178 |
7,601 |
7,741 |
7,478 |
Invested Capital Turnover |
|
0.00 |
0.82 |
0.00 |
0.00 |
0.00 |
0.87 |
0.82 |
0.84 |
0.00 |
0.82 |
0.80 |
Increase / (Decrease) in Invested Capital |
|
-1,069 |
-700 |
-122 |
300 |
-5,816 |
635 |
961 |
677 |
7,601 |
1,052 |
80 |
Enterprise Value (EV) |
|
3,558 |
5,176 |
5,332 |
4,975 |
0.00 |
5,242 |
6,108 |
6,409 |
7,364 |
6,686 |
7,050 |
Market Capitalization |
|
3,921 |
4,388 |
4,484 |
4,462 |
4,725 |
4,651 |
5,507 |
5,995 |
6,767 |
7,548 |
8,258 |
Book Value per Share |
|
$51.31 |
$48.31 |
$52.06 |
$52.48 |
$0.00 |
$55.29 |
$58.38 |
$60.35 |
$65.92 |
$66.22 |
$66.26 |
Tangible Book Value per Share |
|
$47.75 |
$44.78 |
$48.57 |
$49.04 |
$0.00 |
$51.92 |
$55.02 |
$57.02 |
$62.59 |
$63.32 |
$63.29 |
Total Capital |
|
5,816 |
6,053 |
6,437 |
6,502 |
0.00 |
6,689 |
7,399 |
7,178 |
7,601 |
7,741 |
7,478 |
Total Debt |
|
1,472 |
1,413 |
1,477 |
1,481 |
0.00 |
1,426 |
1,893 |
1,519 |
1,518 |
1,651 |
1,576 |
Total Long-Term Debt |
|
1,393 |
1,394 |
1,398 |
1,399 |
0.00 |
1,400 |
1,400 |
1,400 |
1,390 |
1,382 |
1,382 |
Net Debt |
|
-363 |
239 |
298 |
-38 |
0.00 |
42 |
52 |
-136 |
47 |
-1,412 |
-1,757 |
Capital Expenditures (CapEx) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Expense (NNE) |
|
7.85 |
3.05 |
2.21 |
-2.10 |
-2.94 |
13 |
-1.17 |
-7.90 |
-1.62 |
-7.26 |
-2.29 |
Net Nonoperating Obligations (NNO) |
|
1,472 |
1,413 |
1,477 |
1,481 |
0.00 |
1,426 |
1,893 |
1,519 |
1,518 |
1,651 |
1,576 |
Total Depreciation and Amortization (D&A) |
|
243 |
17 |
13 |
13 |
266 |
4.66 |
5.63 |
3.88 |
278 |
1.59 |
3.17 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
($0.20) |
$0.48 |
$2.03 |
$1.68 |
$0.00 |
($1.77) |
$4.57 |
$2.42 |
$2.06 |
$3.44 |
$2.30 |
Adjusted Weighted Average Basic Shares Outstanding |
|
84.66M |
84.86M |
84.86M |
85.21M |
0.00 |
85.14M |
84.88M |
84.48M |
83.94M |
84.17M |
81.15M |
Adjusted Diluted Earnings per Share |
|
($0.20) |
$0.48 |
$2.01 |
$1.67 |
$0.00 |
($1.76) |
$4.53 |
$2.40 |
$2.04 |
$3.38 |
$2.26 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
84.66M |
85.67M |
85.85M |
85.81M |
0.00 |
86.01M |
85.69M |
85.33M |
85M |
85.18M |
82.38M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
84.67M |
84.71M |
85.20M |
85.22M |
0.00 |
84.45M |
84.66M |
84.18M |
83.66M |
80.79M |
78.65M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
7.36 |
52 |
182 |
156 |
211 |
-127 |
197 |
216 |
179 |
187 |
193 |
Normalized NOPAT Margin |
|
0.54% |
3.79% |
13.79% |
11.61% |
14.37% |
-9.10% |
13.84% |
14.85% |
11.92% |
11.93% |
13.31% |
Pre Tax Income Margin |
|
-0.16% |
5.80% |
15.00% |
13.09% |
14.30% |
-13.26% |
18.90% |
16.82% |
15.11% |
17.02% |
16.25% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
-0.14 |
4.88 |
11.73 |
10.52 |
12.76 |
-10.12 |
15.73 |
14.38 |
13.47 |
15.93 |
14.25 |
NOPAT to Interest Expense |
|
-0.10 |
3.14 |
10.79 |
8.88 |
11.26 |
-7.09 |
22.99 |
12.00 |
10.63 |
17.09 |
11.57 |
EBIT Less CapEx to Interest Expense |
|
-0.14 |
4.88 |
11.73 |
10.52 |
0.00 |
-10.12 |
15.73 |
14.38 |
0.00 |
15.93 |
14.25 |
NOPAT Less CapEx to Interest Expense |
|
-0.10 |
3.14 |
10.79 |
8.88 |
0.00 |
-7.09 |
22.99 |
12.00 |
0.00 |
17.09 |
11.57 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
80.50% |
0.00% |
0.00% |
0.00% |
48.90% |
31.08% |
28.11% |
0.00% |
16.83% |
20.60% |
Augmented Payout Ratio |
|
0.00% |
96.19% |
0.00% |
0.00% |
0.00% |
48.90% |
41.50% |
43.42% |
0.00% |
35.31% |
86.29% |
Key Financial Trends
Axis Capital Holdings Ltd. (NYSE: AXS) Financial Overview (Q1 2022 - Q1 2025):
Analyzing Axis Capital's quarterly financial statements over the last four years reveals key trends in profitability, revenue, expenses, and cash flow management. Below is a summary interpretation of the company's recent financial performance and its trajectory from 2022 through early 2025.
- Consistent revenue growth observed with Total Revenue increasing from approximately $1.32 billion in Q1 2022 to $1.45 billion in Q1 2025, demonstrating steady premium earnings and strong investment gains.
- Premiums Earned have remained robust and growing, from about $1.23 billion in Q1 2022 to $1.34 billion in Q1 2025, supporting top-line strength in underwriting operations.
- Significant positive Net Realized & Unrealized Capital Gains on Investments, rising to $125 million in Q1 2025 from about $108 million in Q1 2022, reflecting effective investment management contributing to income.
- The company has generated positive Net Income attributable to common shareholders in nearly all quarters (e.g., $186.5 million in Q1 2025), indicating profitable operations despite insurance sector volatility.
- Operating cash flow is strong, with Net Cash From Continuing Operating Activities increasing substantially to approximately $309 million in Q1 2025, up from $240 million in Q1 2022, indicating healthy cash generation from core business operations.
- Long-term debt levels have remained relatively flat between $1.39 billion in early 2022 and $1.38 billion in Q1 2025, suggesting manageable leverage but ongoing interest expenses of around $16-17 million quarterly.
- Total assets increased modestly from about $28.56 billion in Q1 2022 to $33.25 billion by Q1 2025, signaling consistent balance sheet expansion likely driven by asset and premium growth.
- Share repurchase programs have been active, with over $439 million used in share repurchases in Q1 2025 and previously consistent buybacks, which may support shareholder returns but reduce cash reserves.
- Amortization expenses have been high and slightly increasing through the period, reflecting high non-cash charges that reduced operating income (e.g., $267 million expensed in Q1 2025).
- Insurance claims and other operating expenses have grown, with Property & Liability Insurance Claims rising from $720 million in Q1 2022 to approximately $786 million in Q1 2025, putting pressure on profit margins.
Summary: Axis Capital shows a generally positive financial trajectory with steady revenue growth and strong investment income supporting profitability. The company’s ability to generate solid cash flow from operations alongside active share repurchases underscores shareholder return focus. However, rising claims expenses and high amortization charges are cost factors to monitor. Stable debt levels imply manageable financial risk, though quarterly interest expenses are material. Overall, Axis Capital appears to be navigating the insurance market effectively while maintaining a strong balance sheet and cash flow profile.
10/15/25 10:54 PM ETAI Generated. May Contain Errors.