earnings
confidence high
sentiment positive
materiality 0.80
AXIS Capital Q1 net income $247M ($3.29/diluted), operating income $257M, combined ratio 89.8%
AXIS CAPITAL HOLDINGS LTD
2026-Q1 EPS reported
$3.29
revenue$1,643,631,000
- Net income $247M up 33% YoY; diluted EPS $3.29; operating income $257M ($3.42 diluted EPS).
- Gross premiums written $3.1B up 11% YoY; underwriting income $187M up 15% YoY.
- Insurance segment GPW $1.9B, combined ratio 86.3%; AXIS Re combined ratio 92.7%.
- Book value per diluted share $78.19, up 1.3% QoQ or 17.6% YoY; net investment income $185M down 11%.
- Capital returned $93M ($60M buybacks, $33M dividends); reorganization expenses $23M.