AXIS CAPITAL HOLDINGS LTD (AXS) Form 10-Q — Oct 28, 2026
AXIS Capital reported Q3 2026 net income available to common shareholders of $202 million, or $2.75 per diluted share, down from $3.74 a year ago, with operating income of $3.12 per diluted share. Gross premiums written rose 11% to $2.4 billion, led by the Insurance segment (up 13%), but the combined ratio deteriorated to 94.0% from 89.4% on $75 million of catastrophe and weather-related losses, including $44 million tied to the Middle East conflict and the Russia-Ukraine war.
Key figures
- Eps
- 2.75
- Revenue
- 1789933000
- Net Income
- 209078000
- Total Debt
- 1317905000
- Total Assets
- 36481066000
- Cash Position
- 1037878000
- Shares Outstanding
- 71737936
- Diluted eps 9m
- 9.42
- Combined ratio q3
- 94.0%
- Operating income q3
- $229 million ($3.12 per diluted share)
- Diluted eps q3 prior
- 3.74
- Debt to total capital
- 17.3%
- Shares repurchased q3
- $110 million (1.1 million shares)
- Combined ratio q3 prior
- 89.4%
- Net investment income q3
- 211367000
- Gross premiums written q3
- 2358643000
- Book value per diluted share
- 79.06
- Catastrophe losses q3 pretax
- $75 million (4.6 points)
- Remaining buyback authorization
- $154 million
AI analysis
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