Core Insights - AXIS Capital Holdings Limited (AXS) reported a fourth-quarter 2025 operating income of $3.25 per share, exceeding the Zacks Consensus Estimate by 9.4% and reflecting a year-over-year increase of 9.4% [1][9] - The company's total operating revenues reached $1.7 billion, surpassing the Zacks Consensus Estimate by 5.2% and showing a nearly 9% year-over-year growth driven by higher premiums earned [2][10] Financial Performance - Net premiums written increased by 13% to $1.4 billion, with a 14% rise in the Insurance segment and a 5% growth in the Reinsurance segment [2] - Net investment income decreased by 4.5% year over year to $187 million, falling short of the Zacks Consensus Estimate of $198 million [3] - Total expenses rose by 16.6% year over year to $1.4 billion, attributed to higher net losses, acquisition costs, and general administrative expenses [3] Underwriting Results - Pre-tax catastrophe and weather-related losses net of reinsurance amounted to $30 million, including $17 million from Hurricane Melissa [4] - Underwriting income increased by 42% year over year to $184 million, with the combined ratio improving to 90.4 from 94.2 a year ago [4][9] Segment Analysis - In the Insurance segment, gross premiums written improved by 11.7% year over year to $1.9 billion, with net premiums earned rising by 13.3% to $1.2 billion [5] - The Reinsurance segment saw gross premiums written increase by 13% year over year to $310.7 million, while net premiums earned rose by 4.2% to $365.6 million [6] Full-Year Highlights - For the full year 2025, AXIS reported an operating income of $12.92 per share, exceeding the Zacks Consensus Estimate by 1.9% and reflecting a 15.6% year-over-year increase [8] Capital Management - AXIS repurchased $888 million of common shares in 2025 and declared a quarterly cash dividend of 44 cents per share, totaling $139 million in annual dividends [12] - The company ended the fourth quarter with cash and cash equivalents of $820.3 million, down 61.7% from the previous year [11]

AXIS Capital (NYSE:AXS) Q4 2025 Earnings call January 29, 2026 08:30 AM ET Company ParticipantsAndrew Andersen - Equity Research Senior VPAndrew Kligerman - Managing DirectorChristian Getzoff - VPCliff Gallant - Head of Investor Relations and Corporate DevelopmentJosh Shanker - Managing DirectorPete Vogt - CFORowland Mayor - VPVince Tizzio - President and CEOConference Call ParticipantsCharlie Lederer - Research AnalystYaron Kinar - Research AnalystNone - AnalystOperatorGood morning, and welcome to the AXIS ...

AXIS Capital (NYSE:AXS) Q4 2025 Earnings call January 29, 2026 08:30 AM ET Company ParticipantsAndrew Andersen - Equity Research Senior VPAndrew Kligerman - Managing DirectorChristian Getzoff - VPCliff Gallant - Head of Investor Relations and Corporate DevelopmentJosh Shanker - Managing DirectorMatt Kirk - Incoming CFOPete Vogt - CFORowland Mayor - VPVince Tizzio - President and CEOConference Call ParticipantsCharlie Lederer - Research AnalystYaron Kinar - Research AnalystNone - AnalystOperatorGood morning, ...

AXIS Capital (NYSE:AXS) Q4 2025 Earnings call January 29, 2026 08:30 AM ET Speaker8Good morning, and welcome to the AXIS Capital Fourth Quarter 2025 Earnings Call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key, followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone keypad. To withdraw your question, please press sta ...

AXIS CAPITAL HOLDINGS LIMITED INVESTOR FINANCIAL SUPPLEMENT FOURTH QUARTER 2025 AXIS CAPITAL HOLDINGS LIMITED 29 Richmond Road Pembroke HM 08 Bermuda Contact Information: Cliff Gallant Investor Contact (415) 262-6843 investorrelations@axiscapital.com Website Information: www.axiscapital.com This report is for informational purposes only. It should be read in conjunction with the documents that the Company files with the Securities and Exchange Commission pursuant to the Securities Act of 1933 and the Securi ...

Axis Capital (AXS) came out with quarterly earnings of $3.25 per share, beating the Zacks Consensus Estimate of $2.97 per share. This compares to earnings of $2.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +9.43%. A quarter ago, it was expected that this insurance company would post earnings of $2.72 per share when it actually produced earnings of $3.25, delivering a surprise of +19.49%.Over the last four quarters, the c ...

Premiums and Revenues - Gross premiums written for Q4 2025 reached $2,209,707, an increase of 11.9% from $1,975,324 in Q4 2024[18] - Net premiums written increased by 12.9% to $1,383,193 in Q4 2025, compared to $1,225,549 in Q4 2024[18] - Total revenues for the year ended December 31, 2025, were $6,563,678, up from $5,957,651 in 2024, representing an increase of about 10.2%[26] - Gross premiums written for Q4 2025 reached $2,209,707, an increase from $2,124,184 in Q3 2025, contributing to total gross premiums of $9,644,514 for the year 2025, up from $9,005,888 in 2024[28] - Net premiums earned for Q4 2025 reached $1,528,475, an increase from $1,451,883 in Q3 2025, reflecting a growth of approximately 5.5%[23] - Total underwriting revenues for Q4 2025 amounted to $1,532,858, up from $1,458,476 in Q3 2025, leading to total underwriting revenues of $5,737,825 for 2025, compared to $5,336,956 in 2024[28] Income and Expenses - Net income available to common shareholders for the year ended December 31, 2025, was $978,648, down 6.9% from $1,051,536 in 2024[18] - Operating income for Q4 2025 was $249,544, a slight decrease of 0.9% from $251,816 in Q4 2024[18] - Total expenses for the year ended December 31, 2025, amounted to $5,347,500, compared to $4,949,413 in 2024, indicating an increase of about 8.1%[26] - Net income available to common shareholders for Q4 2025 was $282,044, compared to $294,301 in Q3 2025, a decrease of approximately 4.3%[23] - The company reported net investment losses of $14,584,000 in Q4 2025, contrasting with gains of $108,030,000 in Q4 2024[59] Investment Performance - Net investment income for Q4 2025 was $186,992, a decrease of 4.5% from $195,773 in Q4 2024[18] - Net investment income for Q4 2025 was $186,992, slightly up from $184,903 in Q3 2025[23] - Total net investment income for 2025 at $766,903, compared to $759,229 in 2024[28] - The fair value of fixed maturities available for sale increased to $13.02 billion, up from $12.15 billion, a growth of 7.1%[43] - Equity securities at fair value rose to $707.57 million, compared to $579.27 million, reflecting a 22.1% increase[43] Ratios and Returns - Annualized return on average common equity for Q4 2025 was 19.4%, down from 20.7% in Q4 2024[18] - The combined ratio improved to 90.4% in Q4 2025, down from 94.2% in Q4 2024[18] - The combined ratio for Q4 2025 was 90.4%, an increase from 89.4% in Q3 2025, with an annual combined ratio of 89.8% for 2025, down from 92.3% in 2024[28] - The current accident year loss ratio, excluding catastrophe and weather-related losses, was 56.2% in Q4 2025, compared to 55.7% in Q4 2024[18] - The net reserve for losses and loss expenses included $12.3 billion in IBNR, representing 68% of the total reserve[51] Assets and Equity - Total assets increased by 5.4% to $34,461,926 as of December 31, 2025, compared to $32,681,309 in 2024[18] - Shareholders' equity totaled $6.36 billion, slightly down from $6.09 billion, indicating a decrease of 0.4%[41] - Cash and cash equivalents decreased to $1.32 billion from $3.06 billion, a decline of 56.9%[41] - Total investments reached $15.76 billion, up from $15.04 billion, marking a 4.7% increase year-over-year[41] Shareholder Metrics - Book value per diluted common share increased to $77.20 in Q4 2025 from $65.27 in Q4 2024, reflecting a growth of 18.3% year-over-year[56] - Tangible book value per diluted common share rose to $74.71 in Q4 2025, up from $62.97 in Q4 2024, representing a year-over-year increase of 18.8%[57] - Earnings per diluted common share for Q4 2025 increased to $3.67, compared to $3.38 in Q4 2024, marking a growth of 8.6%[59] - The diluted common shares outstanding increased to 75,209 in Q4 2025 from 84,870 in Q4 2024, indicating a reduction in share dilution[57] Losses and Claims - The company reported net losses and loss expenses of $859,427 for Q4 2025, compared to $841,435 in Q3 2025, an increase of approximately 1.1%[23] - Catastrophe and weather-related losses for Q4 2025 were $29,855, compared to $43,659 in Q3 2025, with total losses for 2025 at $159,210, down from $225,996 in 2024[28] - Net losses and loss expenses for the quarter were $859,427 million, compared to $951,314 million in Q4 2024, indicating a reduction in claims[31] Foreign Exchange and Tax - Foreign exchange gains for the year 2025 amounted to $141,983,000, compared to losses of $50,822,000 in 2024, showing a significant turnaround[59] - Bermuda deferred tax benefit in 2025 is due to the derecognition of deferred tax liabilities related to Bermuda corporate income tax, effective December 11, 2025[83] - Bermuda deferred tax benefit in 2024 is due to the recognition of deferred tax assets net of deferred tax liabilities, effective for fiscal years beginning on or after January 1, 2025[83]

For the fourth quarter of 2025, the Company reports: Annualized return on average common equity ("ROACE") of 19.4% and annualized operating ROACE of 17.2%Combined ratio of 90.4%Underwriting income of $184 million, an increase of $55 million, or 42%, compared to the fourth quarter of 2024Book value per diluted common share of $77.20, an increase of $3.38, or 4.6%, compared to September 30, 2025 For the year ended 2025, the Company reports: Net income available to common shareholders of $979 million, or $12.3 ...

Wall Street analysts expect Axis Capital (AXS) to post quarterly earnings of $2.97 per share in its upcoming report, which indicates no change from the year-ago quarter. Revenues are expected to be $1.64 billion, up 3.5% from the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Prior to a company's earnings announcement ...

Axis Capital Holdings Limited (NYSE:AXS) is expected to release its quarterly earnings with an EPS of $2.97 and projected revenue of $1.33 billion.The company has a history of surpassing earnings estimates, indicating potential for another positive earnings surprise.Axis Capital Holdings Limited (NYSE:AXS) is set to release its quarterly earnings on January 28, 2026. Analysts expect earnings per share (EPS) to be $2.97, with projected revenue of $1.33 billion. Axis Capital operates in the Zacks Insurance - ...