Axis Capital (AXS) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - Axis Capital reported $1.59 billion in revenue for Q2 2025, a year-over-year increase of 5.7%, with an EPS of $3.29 compared to $2.93 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $1.64 billion by 3.27%, while the EPS exceeded the consensus estimate of $2.88 by 14.24% [1] Financial Performance Metrics - The combined ratio for the total was reported at 88.9%, better than the estimated 91.9% [4] - The net loss and loss expense ratio for total was 57.5%, compared to the estimated 60.2% [4] - The general and administrative expense ratio for insurance was 12%, slightly better than the estimated 12.1% [4] - The combined ratio for reinsurance was 92%, significantly better than the estimated 101.1% [4] - The net investment income was $187.3 million, which is a decrease of 1.9% year-over-year, and below the average estimate of $193.87 million [4] - Net premiums earned totaled $1.39 billion, which is a year-over-year increase of 6.8%, but below the average estimate of $1.42 billion [4] - The net premiums earned in the insurance segment were $1.03 billion, a 7.8% year-over-year increase, but below the estimate of $1.05 billion [4] - The net premiums earned in the reinsurance segment were $360.47 million, a 4.1% year-over-year increase, exceeding the estimate of $351.17 million [4] Stock Performance - Axis Capital's shares have returned -7.3% over the past month, contrasting with the Zacks S&P 500 composite's +3.6% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]