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Axis Capital (AXS) Financials

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$97.64 +0.38 (+0.39%)
Closing price 03:59 PM Eastern
Extended Trading
$97.69 +0.05 (+0.06%)
As of 05:41 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Axis Capital

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.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 602 465 -416 0.40 282 -151 588 193 346 1,052 979
Consolidated Net Income / (Loss)		 642 513 -369 43 323 -120 619 223 376 1,082 1,009
Net Income / (Loss) Continuing Operations		 642 513 -369 43 323 -120 619 223 376 1,082 1,009
Total Pre-Tax Income 		645 522 -368 13 337 -129 649 243 398 1,008 1,216
Total Revenue		 4,182 4,076 4,402 5,052 5,117 4,686 5,259 5,254 5,535 5,951 6,362
Net Interest Income / (Expense)		 -51 -51 -55 -67 -68 -75 -62 -63 -68 -68 -67
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 51 51 55 67 68 75 62 63 68 68 67
Long-Term Debt Interest Expense		 51 51 55 67 68 75 62 63 68 68 67
Total Non-Interest Income		 4,233 4,127 4,457 5,120 5,185 4,761 5,321 5,317 5,603 6,019 6,428
Other Service Charges		 -2.95 7.22 -1.24 11 16 -8.09 23 13 22 31 23
Net Realized & Unrealized Capital Gains on Investments		 269 414 309 317 582 398 588 144 497 682 690
Premiums Earned		 3,686 3,706 4,149 4,791 4,587 4,371 4,710 5,160 5,084 5,306 5,715
Provision for Credit Losses		 - - - - - - -0.01 11 5.25 10 4.26
Total Non-Interest Expense		 3,537 3,554 4,770 5,040 4,780 4,815 4,610 5,000 5,131 4,933 5,141
Property & Liability Insurance Claims		 2,176 2,204 3,288 3,190 3,045 3,281 3,009 3,242 3,393 3,158 3,289
Other Operating Expenses		 597 603 579 627 635 580 663 680 684 666 704
Amortization Expense		 718 747 826 983 1,036 941 934 1,033 1,012 1,081 1,146
Impairment Charge		 46 0.00 27 67 37 7.88 0.02 44 42 27 2.27
Income Tax Expense		 3.03 6.34 -7.54 -29 24 -12 62 22 26 -56 217
Other Gains / (Losses), net		 0.00 -2.09 -8.40 0.99 9.72 -3.61 32 2.00 4.16 18 9.45
Preferred Stock Dividends Declared		 40 48 47 43 41 30 30 30 30 30 30
Basic Earnings per Share		 $6.10 $5.13 ($4.94) $0.00 $3.37 ($1.79) $6.95 $2.27 $4.06 $12.49 $12.52
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 78.19M
Diluted Earnings per Share		 $6.04 $5.08 ($4.94) $0.00 $3.34 ($1.79) $6.90 $2.25 $4.02 $12.35 $12.35
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 79.27M
Weighted Average Basic & Diluted Shares Outstanding		 98.60M 90.70M 84.20M 83.63M 83.80M 84.41M 84.80M 84.71M 84.45M 80.79M 73.97M
Cash Dividends to Common per Share		 $1.22 $1.43 $1.53 $1.57 $1.20 $1.23 $1.26 $1.29 $1.32 $1.32 $1.32

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 181 -150 388 204 173 286 187 216 294 282 247
Consolidated Net Income / (Loss)		 188 -143 395 212 181 294 194 223 302 290 255
Net Income / (Loss) Continuing Operations		 188 -143 395 212 181 294 194 223 302 290 255
Total Pre-Tax Income 		210 -186 270 245 227 267 236 280 370 330 308
Total Revenue		 1,467 1,401 1,426 1,454 1,503 1,568 1,453 1,524 1,677 1,708 1,665
Net Interest Income / (Expense)		 -16 -18 -17 -17 -17 -17 -17 -17 -17 -17 -16
Total Interest Income		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Interest Expense		 16 18 17 17 17 17 17 17 17 17 16
Long-Term Debt Interest Expense		 16 18 17 17 17 17 17 17 17 17 16
Total Non-Interest Income		 1,484 1,419 1,443 1,471 1,520 1,585 1,470 1,541 1,693 1,724 1,681
Other Service Charges		 10 6.05 8.34 8.53 6.84 7.02 3.58 8.66 6.59 4.38 5.65
Net Realized & Unrealized Capital Gains on Investments		 151 148 177 158 146 201 125 139 235 192 195
Premiums Earned		 1,323 1,265 1,258 1,304 1,367 1,377 1,341 1,393 1,452 1,528 1,480
Provision for Credit Losses		 -1.08 3.87 -4.66 13 1.13 0.91 2.73 2.33 5.48 -6.28 0.85
Total Non-Interest Expense		 1,258 1,582 1,161 1,196 1,275 1,300 1,214 1,242 1,301 1,384 1,356
Property & Liability Insurance Claims		 784 1,152 729 766 832 832 786 802 841 859 867
Other Operating Expenses		 179 170 163 148 165 189 159 161 172 212 158
Amortization Expense		 266 257 257 268 278 279 267 278 288 313 307
Impairment Charge		 29 3.63 12 14 0.01 0.23 1.93 0.40 0.06 -0.12 23
Income Tax Expense		 25 -42 -125 41 48 -19 44 56 70 46 56
Other Gains / (Losses), net		 2.94 1.33 1.17 7.90 1.62 7.26 2.29 -0.71 2.08 5.78 2.43
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		 $2.12 ($1.77) $4.57 $2.42 $2.06 $3.44 $2.30 $2.75 $3.79 $3.68 $3.34
Weighted Average Basic Shares Outstanding		 85.22M 85.14M 84.88M 84.48M 83.94M 84.17M 81.15M 78.38M 77.62M 78.19M 74.10M
Diluted Earnings per Share		 $2.10 ($1.76) $4.53 $2.40 $2.04 $3.38 $2.26 $2.72 $3.74 $3.63 $3.29
Weighted Average Diluted Shares Outstanding		 86.11M 86.01M 85.69M 85.33M 85M 85.18M 82.38M 79.33M 78.60M 79.27M 75.15M
Weighted Average Basic & Diluted Shares Outstanding		 - 84.45M 84.66M 84.18M 83.66M 80.79M 78.65M 78.17M 77.04M 73.97M 73.72M
Cash Dividends to Common per Share		 $0.00 - $0.00 $0.00 $0.00 - $0.00 $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 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 66 67 122 466 -254 -73 -186 -143 209 1,680 -1,742
Net Cash From Operating Activities		 791 407 259 11 199 344 1,198 798 1,256 1,845 -41
Net Cash From Continuing Operating Activities		 791 407 259 11 199 344 1,198 798 1,256 1,845 -41
Net Income / (Loss) Continuing Operations		 642 513 -369 43 323 -120 619 223 376 1,082 1,009
Consolidated Net Income / (Loss)		 642 513 -369 43 323 -120 619 223 376 1,082 1,009
Depreciation Expense		 26 25 31 9.80 75 66 67 68 76 55 56
Amortization Expense		 97 66 93 197 45 38 40 26 -20 -38 -40
Non-Cash Adjustments to Reconcile Net Income		 161 76 -71 -49 -135 -113 -309 448 105 122 -88
Changes in Operating Assets and Liabilities, net		 -135 -273 574 -190 -110 473 781 33 719 624 -978
Net Cash From Investing Activities		 -226 -129 392 639 -774 490 -1,197 -762 -856 280 -629
Net Cash From Continuing Investing Activities		 -226 -129 392 639 -774 490 -1,197 -762 -856 280 -629
Purchase of Investment Securities		 -11,772 -10,144 -9,558 -9,048 -10,707 -11,388 -13,158 -8,411 -7,242 -11,400 -10,071
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 9,442
Other Investing Activities, net		 30 - - -106 - - - 0.00 0.00 247 0.00
Net Cash From Financing Activities		 -487 -202 -546 -186 278 -909 -186 -150 -202 -417 -1,087
Net Cash From Continuing Financing Activities		 -487 -202 -546 -186 278 -909 -186 -150 -202 -417 -1,087
Repayment of Debt		 0.00 0.00 -67 0.00 -250 -500 - 79 5.25 -19 0.00
Repurchase of Common Equity		 -314 -495 -261 - - 0.00 0.00 -35 0.00 -200 -888
Payment of Dividends		 -159 -172 -188 -176 -180 -173 -176 -180 -184 -182 -173
Other Financing Activities, Net		 -18 -14 -25 -10 -10 -10 -10 -14 -24 -16 -27
Effect of Exchange Rate Changes		 -12 -9.35 17 3.11 44 2.15 -0.07 -30 12 -28 14
Cash Interest Paid		 49 49 50 65 60 54 59 60 64 64 63
Cash Income Taxes Paid		 13 12 0.00 16 40 4.41 45 33 77 81 127

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 Q2 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 6/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 339 117 458 -187 -184 1,592 269 -1,924 -51 -37 67
Net Cash From Operating Activities		 397 249 384 518 587 356 309 -1,654 674 630 519
Net Cash From Continuing Operating Activities		 397 249 384 518 587 356 309 -1,654 674 630 519
Net Income / (Loss) Continuing Operations		 151 -143 395 212 181 294 194 223 302 290 255
Consolidated Net Income / (Loss)		 151 -143 395 212 181 294 194 223 302 290 255
Depreciation Expense		 16 13 14 14 14 13 14 13 14 15 14
Amortization Expense		 -3.49 -8.51 -8.63 -9.76 -8.50 -12 -11 -9.44 -10 -9.18 -9.68
Non-Cash Adjustments to Reconcile Net Income		 44 -35 17 41 -43 107 17 -48 -35 -23 26
Changes in Operating Assets and Liabilities, net		 190 422 -34 261 444 -47 95 -1,834 403 357 234
Net Cash From Investing Activities		 -4.58 -109 211 -621 -700 1,391 462 -185 -566 -341 -323
Net Cash From Continuing Investing Activities		 -4.58 -109 211 -621 -700 1,391 462 -185 -566 -341 -323
Purchase of Investment Securities		 -1,723 -1,434 -2,792 -2,201 -2,785 -3,622 -3,328 -2,123 -2,206 -2,497 -2,347
Sale and/or Maturity of Investments		 1,719 1,325 3,003 1,579 2,085 4,766 3,790 1,938 1,640 2,156 2,024
Net Cash From Financing Activities		 -46 -52 -123 -84 -95 -115 -512 -93 -152 -330 -125
Net Cash From Continuing Financing Activities		 -46 -52 -123 -84 -95 -115 -512 -93 -152 -330 -125
Repurchase of Common Equity		 - - -62 -38 -40 -60 -440 -50 -110 -288 -60
Payment of Dividends		 -45 -46 -48 -45 -45 -45 -47 -42 -42 -42 -43
Other Financing Activities, Net		 -1.11 -6.17 -14 -0.44 -0.39 -0.98 -25 -1.10 -0.06 -0.89 -23
Effect of Exchange Rate Changes		 -6.83 28 -14 0.28 25 -39 9.44 8.58 -7.00 3.45 -4.10
Cash Interest Paid		 14 14 18 15 18 14 17 14 17 14 17
Cash Income Taxes Paid		 34 23 6.80 18 23 33 13 59 33 22 -2.01

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 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 19,982 20,814 24,760 24,133 25,604 25,878 27,369 27,683 30,251 32,681 34,462
Cash and Due from Banks		 988 1,039 949 1,233 1,241 903 845 751 953 2,143 820
Restricted Cash		 187 202 415 597 335 600 473 423 431 920 501
Trading Account Securities		 12,329 12,152 13,366 11,925 13,060 12,674 13,561 12,659 13,684 13,382 14,371
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 0.00
Loans Held for Sale		 - - - - - - - - - - 232
Mortgage Servicing Rights		 206 350 325 299 433 593 594 627 610 506 357
Unearned Premiums Asset		 4,460 5,205 3,822 4,021 4,173 3,933 4,000 4,284 4,984 4,764 5,384
Deferred Acquisition Cost		 472 439 474 567 492 431 466 474 451 686 802
Goodwill		 - 47 102 102 102 101 101 101 101 66 66
Intangible Assets		 87 38 258 242 231 220 209 198 187 176 166
Other Assets		 1,180 1,267 4,968 5,067 5,459 6,357 7,121 8,166 8,850 10,037 11,764
Total Liabilities & Shareholders' Equity		 19,982 20,814 24,760 24,133 25,604 25,878 27,369 27,683 30,251 32,681 34,462
Total Liabilities		 14,115 14,541 19,419 19,102 20,060 20,582 21,958 23,043 24,987 26,592 28,105
Short-Term Debt		 9.36 63 101 112 33 105 32 20 26 270 37
Long-Term Debt		 992 993 1,377 1,342 1,808 1,310 1,311 1,394 1,400 1,382 1,383
Claims and Claim Expense		 9,646 9,698 12,998 12,281 12,752 13,927 14,653 15,169 16,434 17,219 18,122
Unearned Premiums Liability		 2,761 2,969 3,641 3,636 3,626 3,686 4,091 4,361 4,748 5,212 5,826
Other Long-Term Liabilities		 707 818 1,303 1,732 1,841 1,555 1,872 2,099 2,380 2,510 2,737
Total Equity & Noncontrolling Interests		 5,867 6,272 5,341 5,030 5,544 5,296 5,411 4,640 5,263 6,089 6,356
Total Preferred & Common Equity		 5,867 6,272 5,341 5,030 5,544 5,296 5,411 4,640 5,263 6,089 6,356
Preferred Stock		 - - - - - - 550 550 550 550 550
Total Common Equity		 5,867 6,272 5,341 5,030 5,544 5,296 4,861 4,090 4,713 5,539 5,806
Common Stock		 2,244 2,302 2,301 2,311 2,319 2,332 2,348 2,368 2,385 2,396 2,408
Retained Earnings		 6,194 6,528 5,980 5,913 6,057 5,764 6,205 6,247 6,441 7,342 8,182
Treasury Stock		 -3,010 -3,562 -3,807 -3,791 -3,779 -3,765 -3,749 -3,765 -3,747 -3,931 -4,812
Accumulated Other Comprehensive Income / (Loss)		 -188 -122 92 -177 172 414 57 -760 -366 -268 28

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 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 27,120 28,565 29,316 29,473 31,759 32,079 32,723 33,249 34,151 34,336 35,619
Cash and Due from Banks		 1,210 817 1,174 890 1,144 1,093 981 2,757 852 826 862
Restricted Cash		 625 362 344 378 698 562 490 576 557 532 526
Trading Account Securities		 12,096 13,064 13,027 13,155 13,727 14,007 15,075 13,044 13,378 14,156 14,444
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 0.00
Loans Held for Sale		 - - - - - - - - - - 302
Mortgage Servicing Rights		 654 634 609 610 610 545 525 458 439 410 344
Unearned Premiums Asset		 4,386 4,752 5,139 5,181 5,578 5,800 5,429 5,901 6,250 5,849 6,331
Deferred Acquisition Cost		 542 560 586 504 543 592 574 626 655 641 934
Goodwill		 101 101 101 101 101 101 101 66 66 66 66
Intangible Assets		 201 195 192 190 184 181 179 173 171 168 164
Other Assets		 7,228 8,079 8,143 8,465 9,174 9,198 9,086 9,648 11,783 11,687 11,646
Total Liabilities & Shareholders' Equity		 27,120 28,565 29,316 29,473 31,759 32,079 32,723 33,249 34,151 34,336 35,619
Total Liabilities		 22,776 23,605 24,295 24,439 26,254 26,419 26,639 27,346 27,977 27,969 29,238
Short-Term Debt		 79 79 82 88 494 119 128 194 80 195 69
Long-Term Debt		 1,393 1,398 1,399 1,399 1,400 1,400 1,390 1,382 1,382 1,383 1,383
Claims and Claim Expense		 14,652 15,315 15,419 15,555 16,631 16,739 17,295 17,489 17,879 17,996 18,294
Unearned Premiums Liability		 4,651 4,822 5,139 4,996 5,354 5,675 5,453 5,860 6,155 5,995 6,564
Other Long-Term Liabilities		 2,001 1,991 2,255 2,401 2,375 2,487 2,373 2,422 2,481 2,401 2,928
Total Equity & Noncontrolling Interests		 4,343 4,960 5,021 5,033 5,505 5,659 6,083 5,903 6,174 6,367 6,381
Total Preferred & Common Equity		 4,343 4,960 5,021 5,033 5,505 5,659 6,083 5,903 6,174 6,367 6,381
Preferred Stock		 - 550 550 550 550 550 550 550 550 550 550
Total Common Equity		 4,343 4,410 4,471 4,483 4,955 5,109 5,533 5,353 5,624 5,817 5,831
Common Stock		 2,357 2,350 2,363 2,378 2,370 2,378 2,388 2,377 2,387 2,398 2,397
Retained Earnings		 6,244 6,381 6,486 6,628 6,791 6,957 7,093 7,492 7,673 7,933 8,396
Treasury Stock		 -3,765 -3,749 -3,748 -3,747 -3,794 -3,831 -3,871 -4,364 -4,414 -4,524 -4,865
Accumulated Other Comprehensive Income / (Loss)		 -1,043 -572 -631 -775 -412 -395 -77 -152 -22 10 -97

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 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
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 $12.52
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 78.19M
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 $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 79.27M
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 $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 73.97M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 73,965,939.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 73,965,939.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 3.44
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 8.88% 3.04% 7.93% 8.05% 2.44% 11.97% 1.88% 4.82% 11.56% - 14.55%
EBITDA Growth		 1,861.67% -286.19% 30.61% 31.58% 6.05% 248.37% -13.07% 14.41% 60.45% - 30.74%
EBIT Growth		 9,692.23% -331.58% 36.04% 38.88% 8.22% 243.79% -12.44% 14.57% 62.99% - 30.51%
NOPAT Growth		 12,194.72% -352.20% 116.28% 37.35% -3.27% 320.34% -51.36% 9.80% 67.38% - 31.58%
Net Income Growth		 2,104.45% -394.04% 119.58% 40.68% -3.92% 305.95% -50.93% 5.38% 67.03% - 31.28%
EPS Growth		 1,150.00% -466.67% 125.37% 43.71% -2.86% 292.05% -50.11% 13.33% 83.33% - 45.58%
Operating Cash Flow Growth		 0.00% 309.67% 59.68% 30.59% 0.00% 42.53% -19.54% -419.29% 14.79% - 68.05%
Free Cash Flow Firm Growth		 462.02% -201.87% -286.46% -211.37% -223.69% -0.01% 119.74% 50.52% 99.41% - -191.49%
Invested Capital Growth		 0.00% 10.50% 14.93% 10.41% 0.00% 15.73% 1.08% 6.38% 4.52% - 4.74%
Revenue Q/Q Growth		 0.00% -4.53% 1.84% 1.94% 0.00% 4.35% -7.34% 4.88% 10.01% - -2.52%
EBITDA Q/Q Growth		 0.00% -138.03% 252.07% -9.73% 0.00% -46.79% -10.90% 18.82% 31.39% - -6.85%
EBIT Q/Q Growth		 0.00% -188.50% 245.23% -9.28% 0.00% 17.59% -11.56% 18.70% 32.03% - -6.56%
NOPAT Q/Q Growth		 0.00% -170.19% 403.38% -48.25% 0.00% 59.89% -33.03% 16.83% 33.79% - -11.09%
Net Income Q/Q Growth		 0.00% -175.80% 377.37% -46.40% 0.00% 62.47% -33.91% 15.09% 35.15% - -12.03%
EPS Q/Q Growth		 0.00% -183.81% 357.39% -47.02% 0.00% 65.69% -33.14% 20.35% 37.50% - -9.37%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 54.00% 34.87% 0.00% 0.00% -13.07% -635.21% 140.73% - -17.60%
Free Cash Flow Firm Q/Q Growth		 0.00% -112.76% 25.94% 16.61% 0.00% 89.69% 114.62% -309.06% 81.32% - -141.28%
Invested Capital Q/Q Growth		 0.00% 0.00% 10.61% -2.98% 0.00% 1.83% -3.39% 2.11% 4.04% - 0.73%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 32.44% -12.92% 19.30% 17.09% 33.58% 17.12% 16.47% 18.65% 22.28% - 18.79%
EBIT Margin		 14.30% -13.26% 18.90% 16.82% 15.11% 17.02% 16.25% 18.39% 22.07% - 18.51%
Profit (Net Income) Margin		 12.82% -10.18% 27.73% 14.58% 12.03% 18.72% 13.36% 14.65% 18.00% - 15.31%
Tax Burden Percent		 89.66% 76.79% 146.66% 86.65% 79.61% 109.99% 82.20% 79.70% 81.58% - 82.68%
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		 11.74% 0.00% -46.23% 16.58% 21.11% -7.27% 18.77% 20.05% 18.99% - 18.11%
Return on Invested Capital (ROIC)		 0.00% -8.06% 22.54% 11.79% 0.00% 15.06% 10.61% 12.00% 14.31% - 13.02%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -8.95% 22.61% 12.32% 0.00% 15.54% 10.74% 11.96% 14.45% - 13.18%
Return on Net Nonoperating Assets (RNNOA)		 0.00% -2.57% 7.28% 3.46% 0.00% 4.21% 3.27% 3.01% 3.59% - 3.25%
Return on Equity (ROE)		 0.00% -10.63% 29.82% 15.25% 0.00% 19.27% 13.87% 15.02% 17.90% - 16.26%
Cash Return on Invested Capital (CROIC)		 0.00% -4.13% -5.45% -0.54% 0.00% 0.17% 10.51% 5.72% 8.47% - 9.21%
Operating Return on Assets (OROA)		 0.00% -2.53% 3.53% 3.15% 0.00% 3.23% 2.99% 3.36% 4.10% - 3.53%
Return on Assets (ROA)		 0.00% -1.95% 5.18% 2.73% 0.00% 3.55% 2.46% 2.68% 3.34% - 2.92%
Return on Common Equity (ROCE)		 0.00% -9.45% 26.68% 13.68% 0.00% 17.41% 12.53% 13.62% 16.32% - 14.81%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 10.75% 11.54% 0.00% 0.00% 14.91% 14.44% 15.91% - 16.76%
Net Operating Profit after Tax (NOPAT)		 185 -130 394 204 179 286 192 224 300 - 252
NOPAT Margin		 12.62% -9.28% 27.64% 14.03% 11.92% 18.26% 13.20% 14.70% 17.88% - 15.16%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.89% -0.07% -0.53% -0.21% -0.47% -0.13% 0.05% -0.13% - -0.16%
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		 85.77% 112.98% 81.42% 82.29% 84.82% 82.92% 83.56% 81.46% 77.60% - 81.44%
Earnings before Interest and Taxes (EBIT)		 210 -186 270 245 227 267 236 280 370 - 308
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 476 -181 275 248 505 269 239 284 374 - 313
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.99 1.11 1.17 1.22 1.36 1.54 1.46 1.29 - 1.31
Price to Tangible Book Value (P/TBV)		 0.00 1.05 1.18 1.24 1.29 1.43 1.62 1.53 1.35 - 1.36
Price to Revenue (P/Rev)		 0.00 0.84 0.98 1.04 0.00 1.27 1.38 1.36 1.21 - 1.16
Price to Earnings (P/E)		 0.00 13.44 9.81 9.63 0.00 7.18 9.71 9.56 7.66 - 7.33
Dividend Yield		 3.21% 3.26% 3.42% 2.51% 2.21% 1.99% 1.76% 1.70% 1.84% - 1.74%
Earnings Yield		 0.00% 7.44% 10.20% 10.39% 0.00% 13.93% 10.30% 10.46% 13.05% - 13.64%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.78 0.83 0.89 0.97 0.86 0.94 1.16 1.04 - 1.05
Enterprise Value to Revenue (EV/Rev)		 0.00 0.95 1.08 1.11 0.00 1.12 1.18 1.46 1.33 - 1.25
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 11.55 11.78 11.09 0.00 6.52 7.13 8.62 7.12 - 6.30
Enterprise Value to EBIT (EV/EBIT)		 0.00 13.16 13.00 11.90 0.00 6.63 7.23 8.75 7.20 - 6.39
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 14.09 10.46 10.02 0.00 6.28 8.19 10.03 8.28 - 7.77
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 4.18 4.37 4.21 0.00 3.62 3.98 0.00 0.00 - 48.62
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 559.03 9.02 20.88 12.60 - 11.68
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.27 0.34 0.27 0.25 0.27 0.27 0.24 0.25 - 0.23
Long-Term Debt to Equity		 0.00 0.27 0.25 0.25 0.23 0.23 0.23 0.22 0.22 - 0.22
Financial Leverage		 0.00 0.29 0.32 0.28 0.25 0.27 0.30 0.25 0.25 - 0.25
Leverage Ratio		 0.00 5.85 5.76 5.75 5.38 5.53 5.70 5.60 5.39 - 5.61
Compound Leverage Factor		 0.00 5.85 5.76 5.75 5.38 5.53 5.70 5.60 5.39 - 5.61
Debt to Total Capital		 0.00% 21.31% 25.59% 21.16% 19.97% 21.33% 21.07% 19.15% 19.86% - 18.54%
Short-Term Debt to Total Capital		 0.00% 0.39% 6.67% 1.65% 1.68% 3.48% 2.59% 1.04% 2.45% - 0.88%
Long-Term Debt to Total Capital		 0.00% 20.92% 18.92% 19.51% 18.29% 17.85% 18.48% 18.10% 17.40% - 17.66%
Preferred Equity to Total Capital		 0.00% 8.22% 7.43% 7.66% 7.24% 7.11% 7.35% 7.20% 6.92% - 7.02%
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		 0.00% 70.46% 66.97% 71.18% 72.79% 71.56% 71.58% 73.65% 73.22% - 74.44%
Debt to EBITDA		 0.00 3.14 3.65 2.63 0.00 1.61 1.59 1.43 1.35 - 1.11
Net Debt to EBITDA		 0.00 0.09 0.10 -0.24 0.00 -1.38 -1.78 0.05 0.19 - 0.05
Long-Term Debt to EBITDA		 0.00 3.08 2.70 2.42 0.00 1.35 1.40 1.35 1.19 - 1.06
Debt to NOPAT		 0.00 3.83 3.24 2.37 0.00 1.55 1.83 1.66 1.57 - 1.37
Net Debt to NOPAT		 0.00 0.11 0.09 -0.21 0.00 -1.33 -2.04 0.06 0.22 - 0.06
Long-Term Debt to NOPAT		 0.00 3.76 2.40 2.19 0.00 1.30 1.60 1.57 1.38 - 1.31
Noncontrolling Interest Sharing Ratio		 0.00% 11.11% 10.51% 10.30% 0.00% 9.69% 9.64% 9.30% 8.84% - 8.96%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 6,001 -765 -567 -473 -7,422 -766 112 -234 -44 - -102
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		 364.90 -41.73 -33.06 -27.79 -440.51 -45.67 6.75 -14.10 -2.62 - -6.23
Operating Cash Flow to Interest Expense		 0.00 13.60 22.40 30.46 0.00 21.21 18.65 -99.74 40.45 - 31.62
Operating Cash Flow Less CapEx to Interest Expense		 0.00 13.60 22.40 30.46 0.00 21.21 18.65 -99.74 40.45 - 31.62
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.19 0.19 0.19 0.00 0.19 0.18 0.18 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		 0.00 6,689 7,399 7,178 7,601 7,741 7,478 7,636 7,945 - 7,833
Invested Capital Turnover		 0.00 0.87 0.82 0.84 0.00 0.82 0.80 0.82 0.80 - 0.86
Increase / (Decrease) in Invested Capital		 -5,816 635 961 677 7,601 1,052 80 458 343 - 355
Enterprise Value (EV)		 0.00 5,242 6,108 6,409 7,364 6,686 7,050 8,839 8,300 - 8,236
Market Capitalization		 4,725 4,651 5,507 5,995 6,767 7,548 8,258 8,236 7,530 - 7,621
Book Value per Share		 $0.00 $55.29 $58.38 $60.35 $65.92 $66.22 $66.26 $71.51 $74.41 - $78.83
Tangible Book Value per Share		 $0.00 $51.92 $55.02 $57.02 $62.59 $63.32 $63.29 $68.49 $71.41 - $75.72
Total Capital		 0.00 6,689 7,399 7,178 7,601 7,741 7,478 7,636 7,945 - 7,833
Total Debt		 0.00 1,426 1,893 1,519 1,518 1,651 1,576 1,462 1,578 - 1,453
Total Long-Term Debt		 0.00 1,400 1,400 1,400 1,390 1,382 1,382 1,382 1,383 - 1,383
Net Debt		 0.00 42 52 -136 47 -1,412 -1,757 53 220 - 64
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)		 -2.94 13 -1.17 -7.90 -1.62 -7.26 -2.29 0.71 -2.08 - -2.43
Net Nonoperating Obligations (NNO)		 0.00 1,426 1,893 1,519 1,518 1,651 1,576 1,462 1,578 - 1,453
Total Depreciation and Amortization (D&A)		 266 4.66 5.63 3.88 278 1.59 3.17 4.04 3.51 - 4.68
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($1.77) $4.57 $2.42 $2.06 $3.44 $2.30 $2.75 $3.79 $3.68 $3.34
Adjusted Weighted Average Basic Shares Outstanding		 0.00 85.14M 84.88M 84.48M 83.94M 84.17M 81.15M 78.38M 77.62M 78.19M 74.10M
Adjusted Diluted Earnings per Share		 $0.00 ($1.76) $4.53 $2.40 $2.04 $3.38 $2.26 $2.72 $3.74 $3.63 $3.29
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 86.01M 85.69M 85.33M 85M 85.18M 82.38M 79.33M 78.60M 79.27M 75.15M
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		 0.00 84.45M 84.66M 84.18M 83.66M 80.79M 78.65M 78.17M 77.04M 73.97M 73.72M
Normalized Net Operating Profit after Tax (NOPAT)		 211 -127 197 216 179 187 193 224 300 - 272
Normalized NOPAT Margin		 14.37% -9.10% 13.84% 14.85% 11.92% 11.93% 13.31% 14.72% 17.88% - 16.31%
Pre Tax Income Margin		 14.30% -13.26% 18.90% 16.82% 15.11% 17.02% 16.25% 18.39% 22.07% - 18.51%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 12.76 -10.12 15.73 14.38 13.47 15.93 14.25 16.90 22.21 - 18.76
NOPAT to Interest Expense		 11.26 -7.09 22.99 12.00 10.63 17.09 11.57 13.51 18.00 - 15.36
EBIT Less CapEx to Interest Expense		 0.00 -10.12 15.73 14.38 0.00 15.93 14.25 16.90 22.21 - 18.76
NOPAT Less CapEx to Interest Expense		 0.00 -7.09 22.99 12.00 0.00 17.09 11.57 13.51 18.00 - 15.36
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 48.90% 31.08% 28.11% 0.00% 16.83% 20.60% 20.06% 17.39% - 15.76%
Augmented Payout Ratio		 0.00% 48.90% 41.50% 43.42% 0.00% 35.31% 86.29% 86.21% 82.55% - 63.18%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, investor-friendly takeaway on Axis Capital (NYSE: AXS) based on quarterly data across the last four years. The focus is on notable trends in cash flow, profitability, and the balance sheet.

  • Revenue growth in 2025: Total revenue rose through 2025, with Q4 2025 reporting about $1.707B in revenue, up from roughly $1.453B in Q1 2025.
  • Earnings per share trending higher: Diluted earnings per share climbed to $3.63 in Q4 2025, up from $2.72 in Q2 2025 and earlier quarters.
  • Healthy operating cash flow in late 2025: Net cash from continuing operating activities was strong in Q3 2025 (~$674M) and remained solid in Q4 2025 (~$630M).
  • Solid but stable balance sheet: Total assets hovered around $34.1B–$34.3B in 2025, with total equity roughly $5.8B–$6.4B, indicating stable capitalization.
  • Premiums earned and top-line inputs: Premiums earned were robust in 2025, contributing to the revenue expansion (Q4 2025 premiums earned around $1.528B).
  • Debt levels remain manageable: Short-term debt about $0.2B and long-term debt around $1.3B–$1.4B through 2025, with steady interest expense signals.
  • Share repurchases continued: Axis repurchased common equity in 2025 (e.g., Q4 2025 repurchase around $288M), which can support per-share metrics over time.
  • Q2 2025 operating cash flow weakness: Q2 2025 shows a notably negative operating cash flow (approximately −$1.65B), driven by working capital movements.
  • Significant investing cash outflows in some quarters: In 2025 Q2, net cash from continuing investing activities was heavy (roughly −$2.12B) due to large investment purchases, weighing on cash flow.
  • Liability load remains high: Total liabilities were around $27–28B in 2025, highlighting substantial leverage common to insurance industry peers but a potential area to monitor for risk if claims stretch higher.
05/14/26 11:04 PM ETAI Generated. May Contain Errors.

Axis Capital Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Axis Capital's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Axis Capital's net income appears to be on an upward trend, with a most recent value of $1.01 billion in 2025, rising from $641.63 million in 2015. The previous period was $1.08 billion in 2024. View Axis Capital's forecast to see where analysts expect Axis Capital to go next.

Over the last 10 years, Axis Capital's total revenue changed from $4.18 billion in 2015 to $6.36 billion in 2025, a change of 52.1%.

Axis Capital's total liabilities were at $28.11 billion at the end of 2025, a 5.7% increase from 2024, and a 99.1% increase since 2015.

In the past 10 years, Axis Capital's cash and equivalents has ranged from $751.42 million in 2022 to $2.14 billion in 2024, and is currently $820.25 million as of their latest financial filing in 2025.


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Financial statements for NYSE:AXS last updated on 5/3/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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