Quarterly ResultJul 28, 2026, 04:28 PM
AXIS Capital Q2 Net Income $251M; Operating Income $211M
AI Summary
AXIS Capital Holdings Limited reported Q2 2026 net income of $251 million, or $3.38 per diluted common share, and operating income of $211 million, or $2.84 per diluted common share. The company achieved a 93.1% combined ratio and saw its book value per diluted common share increase by 14.7% year-over-year to $80.67. Gross premiums written grew 6% to $2.7 billion, driven by strong performance in the insurance segment, while the reinsurance segment maintained a disciplined stance. The company returned $122 million to shareholders through repurchases and dividends.
Key Highlights
- Q2 2026 net income available to common shareholders was $251 million.
- Q2 2026 operating income was $211 million, or $2.84 per diluted common share.
- Book value per diluted common share increased 14.7% year-over-year to $80.67.
- Gross premiums written rose 6% to $2.7 billion in Q2 2026.
- The combined ratio for Q2 2026 was 93.1%, producing $143 million in underwriting income.
- Insurance segment gross premiums written increased 15% to $2.2 billion.
- Reinsurance segment gross premiums written decreased 25% due to disciplined underwriting.
- Returned $122 million to common shareholders, including $89 million in share repurchases.
Price Impact
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