AXIS Capital Reports Third Quarter Net Income Available to Common Shareholders of $202 Million, or $2.75 per Diluted Common Share and Operating Income of $229 Million, or $3.12 per Diluted Common Share
AXIS Capital reported Q3 2026 net income available to common shareholders of $202 million ($2.75 per diluted share) and operating income of $229 million ($3.12 operating EPS), with operating income down 10% year-over-year. Underwriting deteriorated: the combined ratio worsened 4.6 points to 94.0% and underwriting income fell 29% to $134 million, driven by higher catastrophe losses ($75 million pre-tax, including Middle East conflict and Russia-Ukraine war losses), a rising acquisition cost ratio, and property softening. Gross premiums written still grew 11% to $2.4 billion, with the Insurance segment up 13% and AXIS Re posting its 11th consecutive profitable quarter.
Key figures
- Eps
- 2.75
- Revenue
- $1.79 billion
- Gpw yoy
- 11%
- Bvps ex aoci
- 84.33
- Operating eps
- 3.12
- Combined ratio
- 94.0%
- Dividends paid
- 32000000
- Capital returned
- 141000000
- Operating income
- 229000000
- Roace annualized
- 13.8%
- Share repurchases
- 109000000
- Underwriting income
- 134000000
- Net income yoy change
- -32%
- Net investment income
- 211367000
- Gross premiums written
- 2400000000
- Catastrophe losses pretax
- 75000000
- Combined ratio prior year
- 89.4%
- Operating roace annualized
- 15.7%
- Operating income yoy change
- -10%
- Book value per diluted share
- 79.06
- Net income available to common
- 201515000
- Underwriting income yoy change
- -29%
AI analysis
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