Quarterly ResultApr 29, 2026, 04:46 PM
AXS Q1 Net Income $247M (+33%); Operating Income $257M; Combined Ratio 89.8%
AI Summary
AXIS Capital Holdings Limited reported Q1 2026 net income available to common shareholders of $247 million, a 33% increase year-over-year, and operating income of $257 million. The company achieved an annualized operating return on average common equity of 17.7% and a combined ratio of 89.8%. Gross premiums written rose 11% to $3.1 billion, driven by strong performance in the Insurance segment, while also returning $93 million to shareholders.
Key Highlights
- AXS Q1 Net Income $247 million, up 33% YoY.
- Operating Income $257 million, down 2% YoY.
- Combined ratio of 89.8%.
- Underwriting income $187 million, up 15% YoY.
- Gross premiums written $3.1 billion, up 11% YoY.
- Insurance segment gross premiums written $1.9 billion, up 20%.
- Book value per diluted common share $78.19, up 1.3% QoQ.
- Returned $93 million to shareholders ($60M buybacks, $33M dividends).
Price Impact
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