AXS
AXIS Capital Holdings Limited107.14
+0.68+0.64%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Sharpened 2026 growth, margin targets
Q&A refined AXIS's 2026 view without walk-backs: insurance GWP mid-to-high single digits excluding RAC Re (potentially pushing double digits), reinsurance down double digits on casualty/professional caution, yet ~90% combined ratio intact amid 4-5% cats and ~1pt attritional pressure. G&A stays on glide to 11% despite variable comp and talent investments, with efficiency leverage expected. Reserves earned bipartisan nods from Pete and Matt Kirk—short-tail releases only. Delegated authority stable at ~32% of insurance. Confident tone; investors eye organic growth funding versus buybacks.
Key Stats
Market Cap
8.38BP/E (TTM)
8.88Basic EPS (TTM)
12.07Dividend Yield
0.02%Recent Filings
8-K
CFO, Legal Officer exits set
AXIS Capital accelerated Peter Vogt's CFO departure to April 1, 2026, after handing duties to Matthew Kirk effective March 31, following the August 2025 announcement. Chief Administrative and Legal Officer Conrad Brooks will exit December 31, 2026. Both receive termination-without-cause payments under employment agreements, post-release and covenants. Leadership stabilizes swiftly.
8-K
Amends LC facility to $250M
AXIS Capital subsidiaries amended their $300 million secured letter of credit facility with Citibank Europe plc on March 23, 2026, trimming capacity to $250 million while extending issuable LC tenors to March 31, 2028. Terms otherwise unchanged. Facility supports insurance operations. Lower limit frees collateral, yet extends liquidity runway.
8-K
AXIS 2025 results: $9.6B GPW
AXIS Capital filed its 2025 Q4 investor presentation on February 27, 2026, highlighting record full-year gross premiums written of $9.6 billion, up 7% year-over-year, with insurance surging 9% to $7.2 billion. It posted an 89.8% combined ratio and returned over $1 billion to shareholders via $888 million repurchases and $139 million dividends. Diluted book value per share hit $77.20.
10-K
FY2025 results
AXIS Capital delivered FY2025 gross premiums written of $9.6B, up 7% y/y, with insurance segment driving 9% growth to $7.2B on new business across property and professional lines, while reinsurance edged 3% higher to $2.5B. Net premiums earned rose 8% to $5.7B, yielding underwriting income of $725M and a 89.8% combined ratio, bolstered by $87M net favorable prior year development; Q4 cat losses net $159M trailed FY total. Net investment income ticked 1% higher to $767M on steady yields, book value per diluted share climbed 18% to $77.20 amid $914M buybacks. Debt steady at $1.3B with 17.2% leverage; $1.2B dividend capacity. Cyclical reinsurance pricing softens, yet specialty focus positions for 2026 growth. Catastrophes remain unpredictable.
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