Quarterly ResultApr 29, 2026, 04:17 PM
AXS Q1 Operating ROACE 17.7%; Underwriting Income +15% to $187M
AI Summary
AXIS Capital Holdings Limited reported strong Q1 2026 financial results, with an annualized operating return on average common equity of 17.7% and a combined ratio of 89.8%. Underwriting income increased by 15% to $187 million, and net income available to common shareholders rose 33% to $247 million. The company returned $93 million to shareholders through $60 million in share repurchases and $33 million in dividends.
Key Highlights
- Annualized operating ROACE was 17.7%, with a combined ratio of 89.8%.
- Underwriting income increased 15% to $187 million compared to Q1 2025.
- Net income available to common shareholders rose 33% to $247 million.
- Book value per diluted common share grew 1.3% QoQ to $78.19, and 17.6% YoY.
- Gross premiums written increased 11% to $3.1 billion.
- Insurance segment gross premiums written rose 20% to $2.0 billion, with an 86.3% combined ratio.
- Returned $93 million to shareholders, including $60 million in share repurchases and $33 million in dividends.