AXIS CAPITAL HOLDINGS LTD (AXS) Form 8-K — Oct 28, 2026
AXIS Capital reported Q3 2026 net income available to common shareholders of $202 million, or $2.75 per diluted share, down 32% from $294 million a year ago, while operating income was $229 million, or $3.12 per diluted share, down 10% YoY. Growth remained strong: gross premiums written rose 11% to $2.4 billion, with the Insurance segment up 13%, and book value per diluted share excluding AOCI climbed 14.4% over twelve months to $84.33. The combined ratio deteriorated 4.6 points to 94.0%, driven by $75 million of catastrophe and weather-related losses (including $44 million from the Middle East conflict and Russia-Ukraine war) and rising acquisition costs tied to AXIS Capacity Solutions.
Key figures
- Eps
- 2.75
- Revenue
- 1789933000
- Guidance
- CEO said AXIS is well-positioned for the remainder of 2026 and 2027; no formal quantitative guidance given
- Net Income
- 201515000
- Total Debt
- 1317905000
- Total Assets
- 36481066000
- Cash Position
- 1037878000
- Shares Outstanding
- 72671000
- Bvps ex aoci
- $84.33, +14.4% YoY
- Ytd net income
- $699 million ($9.42 per diluted share)
- Roace annualized
- 13.8% (operating 15.7%)
- Combined ratio q3
- 94.0% vs 89.4% prior year
- Capital returned q3
- $141 million ($109M buybacks, $32M dividends)
- Operating income q3
- $229 million ($3.12 per diluted share)
- Cat weather losses q3
- $75 million pre-tax (4.6 points)
- Underwriting income q3
- $134 million, -29% YoY
- Operating eps prior year
- $3.25
- Gross premiums written q3
- $2.36 billion, +11% YoY
AI analysis
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