Cash flow AXIS Capital Holdings Limited

Equities

AXS

BMG0692U1099

Multiline Insurance & Brokers

Market Closed - Nyse Other stock markets 21:00:03 17/02/2026 GMT			5-day change	1st Jan Change
104.35 ^USD	+2.45%		+0.74%	-2.56%

02-04	Atlas Metals Sets Up At-the-market Facility with Axis Capital	MT
02-04	AXIS Capital Holdings Limited Announces Executive Changes	CI

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Published financial data: AXIS CAPITAL HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Premiums and Annuity Revenues	4.37B	4.71B	5.16B	5.08B	5.31B
Total Interest And Dividend Income	350M	454M	419M	612M	759M
Gain (Loss) on Sale of Investments, Total (Rev)	129M	134M	-457M	-74.63M	-139M
Other Revenues, Total	-8.09M	23.3M	13.07M	22.5M	30.72M
Total Revenues	4.84B	5.32B	5.14B	5.64B	5.96B
Policy Benefits	3.28B	3.01B	3.24B	3.39B	3.16B
Policy Acquisition / Underwriting Costs, Total	935M	926M	1.02B	1B	1.07B
Amortization of Goodwill and Intangible Assets - (IS)	11.39M	12.42M	10.92M	10.92M	10.92M
Selling General & Admin Expenses, Total	580M	663M	680M	684M	666M
Total Operating Expenses	4.81B	4.61B	4.96B	5.09B	4.91B
Operating Income	34.87M	712M	180M	554M	1.05B
Interest Expense, Total	-75.05M	-62.3M	-63.15M	-68.42M	-67.77M
Income (Loss) on Equity Invest.	-3.61M	32.08M	2M	4.16M	17.95M
Currency Exchange Gains (Loss)	-81.07M	-315K	158M	-58.12M	50.82M
EBT, Excl. Unusual Items	-125M	681M	277M	432M	1.05B
Restructuring Charges	-7.88M	-	-31.43M	-29M	-26.31M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-133M	681M	245M	403M	1.03B
Income Tax Expense	-12.32M	62.38M	22.04M	26.32M	-55.6M
Earnings From Continuing Operations	-120M	619M	223M	376M	1.08B
Net Income to Company	-120M	619M	223M	376M	1.08B
Net Income - (IS)	-120M	619M	223M	376M	1.08B
Preferred Dividend and Other Adjustments	30.25M	30.25M	30.25M	30.25M	30.25M
Net Income to Common Incl Extra Items	-151M	588M	193M	346M	1.05B
Net Income to Common Excl. Extra Items	-151M	588M	193M	346M	1.05B
Per Share Items
Net EPS - Basic	-1.79	6.95	2.27	4.06	12.49
Basic EPS - Continuing Operations	-1.79	6.95	2.27	4.06	12.49
Basic Weighted Average Shares Outstanding	84.26M	84.71M	84.86M	85.14M	84.16M
Net EPS - Diluted	-1.79	6.9	2.25	4.02	12.35
Diluted EPS - Continuing Operations	-1.79	6.9	2.25	4.02	12.35
Diluted Weighted Average Shares Outstanding	84.26M	85.29M	85.67M	86.01M	85.18M
Normalized Basic EPS	-0.93	5.02	2.04	3.17	7.82
Normalized Diluted EPS	-0.93	4.99	2.02	3.14	7.72
Dividend Per Share	1.65	1.69	1.73	1.76	1.76
Payout Ratio	-144.01	28.43	80.5	48.9	16.83
Supplemental Items
EBITDA	101M	779M	248M	630M	1.11B
EBITA	46.26M	724M	191M	565M	1.06B
EBIT	34.87M	712M	180M	554M	1.05B
EBITDAR	122M	798M	266M	649M	1.12B
Total Revenues (As Reported)	4.84B	5.32B	5.14B	5.64B	5.96B
Effective Tax Rate - (Ratio)	9.28	9.16	8.99	6.54	-5.42
Current Domestic Taxes	-	-	-	291K	3.42M
Current Foreign Taxes	-757K	29.15M	13.71M	44.41M	104M
Total Current Taxes	-757K	29.15M	13.71M	44.7M	107M
Deferred Domestic Taxes	-	-	-	-13.27M	-171M
Deferred Foreign Taxes	-11.56M	33.24M	8.33M	-5.11M	8.01M
Total Deferred Taxes	-11.56M	33.24M	8.33M	-18.38M	-163M
Normalized Net Income	-78.04M	426M	173M	270M	658M
Interest on Long-Term Debt	75.05M	62.3M	63.15M	63.42M	63.77M
Supplemental Operating Expense Items
General and Administrative Expenses	580M	663M	680M	684M	666M
Net Rental Expense, Total	21.45M	19.88M	18M	19.26M	13.5M
Imputed Operating Lease Interest Expense	7.63M	6.88M	6.21M	6.98M	4.86M
Imputed Operating Lease Depreciation	13.81M	13M	11.79M	12.28M	8.64M
Stock-Based Comp., Other (Total)	47.79M	49.42M	56.14M	57.73M	42.73M
Total Stock-Based Compensation	47.79M	49.42M	56.14M	57.73M	42.73M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Investment In Debt Securities	12.04B	12.76B	12.03B	12.92B	12.6B
Investment In Equity and Preferred Securities, Total	789M	1.06B	904M	1.07B	1.11B
Trading Asset Securities, Total	-	-	-	-	-
Mortgage Loans	593M	594M	627M	610M	506M
Total Other Investments	835M	720M	796M	660M	833M
Total investments	14.26B	15.13B	14.35B	15.26B	15.04B
Cash And Equivalents	903M	845M	751M	953M	2.14B
Reinsurance Recoverable - (IS)	4.93B	5.66B	6.37B	6.9B	7.39B
Other Receivables - (Insurance Template)	2.81B	2.69B	2.84B	3.49B	3.53B
Deferred Policy Acquisition Costs - (BS)	431M	466M	474M	451M	525M
Net Property Plant And Equipment	124M	103M	92.21M	108M	92.52M
Goodwill	101M	101M	101M	101M	66.5M
Other Intangibles, Total	220M	209M	198M	187M	176M
Restricted Cash	600M	473M	423M	431M	920M
Other Current Assets, Total	1.21B	1.38B	1.59B	1.92B	1.95B
Other Long-Term Assets, Total	291M	307M	401M	452M	686M
Total Assets	25.88B	27.37B	27.6B	30.25B	32.52B
Liabilities
Accounts Payable, Total	105M	31.54M	19.69M	26.09M	270M
Accrued Expenses, Total	13.27M	9.09M	4.79M	1M	-
Insurance And Annuity Liabilities	904M	1.14B	1.3B	1.57B	1.53B
Unpaid Claims	13.93B	14.65B	15.17B	16.43B	17.22B
Unearned Premiums	3.69B	4.09B	4.36B	4.75B	5.21B
Reinsurance Payable - (BS)	188M	189M	220M	219M	181M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	17.22M	18.65M	15.93M	12.42M	17.79M
Short-Term Borrowings	-	-	81.39M	85.79M	66.38M
Long-Term Debt	1.31B	1.31B	1.31B	1.31B	1.32B
Long-Term Leases	123M	101M	86.65M	111M	88.83M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	11.49M	20.62M	703K	10.16M	3.1M
Other Non Current Liabilities	298M	398M	381M	453M	525M
Total Liabilities	20.58B	21.96B	22.96B	24.99B	26.43B
Preferred Stock Redeemable	550M	550M	550M	550M	550M
Total Preferred Equity	550M	550M	550M	550M	550M
Common Stock, Total	2.21M	2.21M	2.21M	2.21M	2.21M
Additional Paid In Capital	2.33B	2.35B	2.37B	2.38B	2.39B
Retained Earnings	5.76B	6.2B	6.25B	6.44B	7.34B
Treasury Stock	-3.76B	-3.75B	-3.77B	-3.75B	-3.93B
Comprehensive Income and Other	414M	56.54M	-760M	-366M	-268M
Total Common Equity	4.75B	4.86B	4.09B	4.71B	5.54B
Total Equity	5.3B	5.41B	4.64B	5.26B	6.09B
Total Liabilities And Equity	25.88B	27.37B	27.6B	30.25B	32.52B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	84.41M	84.8M	84.71M	84.45M	80.79M
ECS Total Common Shares Outstanding	84.35M	84.77M	84.67M	85.29M	82.98M
Book Value / Share	56.26	57.34	48.31	55.26	66.75
Tangible Book Value	4.43B	4.55B	3.79B	4.43B	5.3B
Tangible Book Value Per Share	52.46	53.69	44.78	51.89	63.83
Total Debt	1.45B	1.43B	1.5B	1.52B	1.49B
Net Debt	547M	586M	745M	569M	-655M
Debt Equivalent Oper. Leases	172M	159M	144M	154M	108M
Equity Method Investments, Total	114M	146M	148M	175M	207M
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	1.92K	2.08K	2.06K	2.05K	1.88K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-120M	619M	223M	376M	1.08B
Depreciation, Depletion & Amortization	54.41M	54.55M	57.37M	64.64M	44.39M
Amortization of Goodwill and Intangible Assets - (CF)	11.39M	12.42M	10.92M	10.92M	10.92M
Total Depreciation, Depletion & Amortization	65.8M	66.98M	68.29M	75.55M	55.31M
(Gain) Loss on Sale of Investments - (CF)	-112M	-279M	427M	34.78M	58.54M
Deferred Policy Acquisition Costs - (CF)	60.83M	-34.39M	-10.55M	21.5M	-74.51M
Amort. Of Deferred Policy Acq. Costs - (CF)	5.14M	3.85M	-	-	-
(Income) Loss On Equity Investments - (CF)	3.61M	-32.08M	-2M	-4.16M	-17.95M
Stock-Based Compensation (CF)	29M	37.74M	48.49M	54.12M	42.73M
Reinsurance Recoverable - (CF)	-724M	-735M	-724M	-555M	-547M
Change in Unearned Revenues	63M	410M	287M	389M	483M
Change in insurance Reserves / Liabilities	1.18B	737M	544M	1.27B	842M
Change in Other Net Operating Assets (Collected)	-106M	320M	-170M	-410M	-78.48M
Other Operating Activities	-	-	-	-	-
Cash from Operations	344M	1.11B	692M	1.26B	1.84B
Cash Acquisitions	-	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	695M	-1.08B	-586M	-486M	169M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-160M	-211K	-32.66M	-338M	-118M
Other Investing Activities, Total	-44.66M	-38.73M	-36.83M	-31.14M	230M
Cash from Investing	490M	-1.11B	-656M	-856M	280M
Long-Term Debt Issued, Total	-	-	78.95M	5.25M	-
Total Debt Issued	-	-	78.95M	5.25M	-
Long-Term Debt Repaid, Total	-500M	-	-	-	-19.41M
Total Debt Repaid	-500M	-	-	-	-19.41M
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-10.38M	-10.24M	-48.98M	-23.6M	-216M
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-225M	-	-	-	-
Common Dividends Paid	-142M	-146M	-149M	-154M	-152M
Preferred Dividends Paid	-31.83M	-30.25M	-30.25M	-30.25M	-30.25M
Common & Preferred Stock Dividends Paid	-173M	-176M	-180M	-184M	-182M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-909M	-186M	-150M	-202M	-417M
Foreign Exchange Rate Adjustments	2.15M	-74K	-29.83M	11.75M	-28.34M
Net Change in Cash	-73.22M	-186M	-143M	209M	1.68B
Supplemental Items
Cash Interest Paid	54.11M	59.4M	59.89M	63.6M	64.18M
Cash Income Tax Paid (Refund)	4.41M	45.08M	33.42M	77.48M	80.56M
Net Debt Issued / Repaid	-500M	-	78.95M	5.25M	-19.41M
Levered Free Cash Flow	-9.56B	-9.82B	-11.31B	-10.95B	-11.18B
Unlevered Free Cash Flow	-9.51B	-9.78B	-11.27B	-10.9B	-11.14B
Change In Net Working Capital	9.65B	10.34B	11.5B	11.38B	11.89B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.08	1.67	0.41	1.2	2.09
Return on Total Capital	0.31	6.55	1.73	5.36	9.15
Return On Equity %	-2.22	11.56	4.44	7.6	19.06
Return on Common Equity	-3.17	12.25	4.31	7.86	20.51
Margin Analysis
Gross Profit Margin %	12.93	26.07	16.96	22.14	29.02
SG&A Margin	11.97	12.46	13.25	12.13	11.18
EBITDA Margin %	2.08	14.63	4.83	11.16	18.58
EBITA Margin %	0.96	13.6	3.71	10.01	17.83
EBIT Margin %	0.72	13.37	3.5	9.82	17.65
Income From Continuing Operations Margin %	-2.49	11.62	4.34	6.67	18.16
Net Income Margin %	-2.49	11.62	4.34	6.67	18.16
Net Avail. For Common Margin %	-3.11	11.06	3.75	6.13	17.65
Normalized Net Income Margin	-1.61	8	3.37	4.78	11.04
Levered Free Cash Flow Margin	-197.4	-184.44	-220.17	-193.98	-187.66
Unlevered Free Cash Flow Margin	-196.43	-183.71	-219.4	-193.23	-186.95
Asset Turnover
Asset Turnover	0.19	0.2	0.19	0.19	0.19
Fixed Assets Turnover	41.27	46.91	52.53	56.35	59.4
Receivables Turnover (Average Receivables)	1.63	1.93	2.08	1.96	1.95
Short Term Liquidity
Current Ratio	1.35	1.36	1.39	1.39	1.45
Quick Ratio	0.48	0.43	0.41	0.42	0.51
Operating Cash Flow to Current Liabilities	0.04	0.14	0.08	0.13	0.17
Days Sales Outstanding (Average Receivables)	225.21	189.46	175.2	185.88	188.17
Average Days Payable Outstanding	743.22	844.75	815.57	838.78	966.01
Long Term Solvency
Total Debt/Equity	27.38	26.44	32.25	28.93	24.44
Total Debt / Total Capital	21.49	20.91	24.38	22.44	19.64
LT Debt/Equity	27.05	26.09	30.15	27.06	23.06
Long-Term Debt / Total Capital	21.24	20.64	22.8	20.99	18.53
Total Liabilities / Total Assets	79.54	80.23	83.19	82.6	81.28
EBIT / Interest Expense	0.46	11.42	2.85	8.1	15.52
EBITDA / Interest Expense	1.63	12.81	4.21	9.48	16.53
(EBITDA - Capex) / Interest Expense	1.63	12.81	4.21	9.48	16.53
Total Debt / EBITDA	11.87	1.79	5.62	2.35	1.33
Net Debt / EBITDA	4.48	0.73	2.8	0.88	-0.58
Total Debt / (EBITDA - Capex)	11.87	1.79	5.62	2.35	1.33
Net Debt / (EBITDA - Capex)	4.48	0.73	2.8	0.88	-0.58
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-6.41	9.68	-3.5	9.89	5.57
Gross Profit, 1 Yr. Growth %	-41.89	118.11	-37.21	43.44	38.36
EBITDA, 1 Yr. Growth %	-80.11	603.49	-68.14	153.8	75.81
EBITA, 1 Yr. Growth %	-89.55	1.19K	-73.66	196.27	88.07
EBIT, 1 Yr. Growth %	-91.91	1.49K	-74.74	208.19	89.81
Earnings From Cont. Operations, 1 Yr. Growth %	-137.23	-613.69	-63.94	68.68	187.49
Net Income, 1 Yr. Growth %	-137.23	-613.69	-63.94	68.68	187.49
Normalized Net Income, 1 Yr. Growth %	-132.47	-692.87	-59.39	56.07	143.86
Diluted EPS Before Extra, 1 Yr. Growth %	-153.59	-485.47	-67.39	78.67	207.21
Net Property, Plant and Equip., 1 Yr. Growth %	11.24	-16.41	-10.73	17.22	-14.41
Accounts Receivable, 1 Yr. Growth %	-10.84	-4.22	4.22	12.22	3.32
Total Assets, 1 Yr. Growth %	1.07	5.76	0.83	9.28	7.5
Common Equity, 1 Yr. Growth %	-0.49	2.42	-15.86	15.24	17.53
Tangible Book Value, 1 Yr. Growth %	-0.25	2.84	-16.7	16.73	19.69
Cash From Operations, 1 Yr. Growth %	72.61	224.54	-37.91	57.33	46.93
Levered Free Cash Flow, 1 Yr. Growth %	-1.74K	-1.93K	-1.16K	13.49K	-1.28K
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.62K	-1.78K	-1.12K	26.44K	-1.23K
Dividend Per Share, 1 Yr. Growth %	2.48	2.42	2.37	1.73	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-2.47	1.42	2.99	2.98	7.71
Gross Profit, 2 Yr. CAGR %	-9.18	13.48	17.95	-5.1	40.88
EBITDA, 2 Yr. CAGR %	-11.16	24.02	56.97	-10.08	111.24
EBITA, 2 Yr. CAGR %	-40.71	27.91	103.03	-11.67	136.05
EBIT, 2 Yr. CAGR %	-45.58	28.5	127.06	-11.76	141.86
Earnings From Cont. Operations, 2 Yr. CAGR %	67.31	38.29	36.11	-22.01	120.21
Net Income, 2 Yr. CAGR %	67.31	38.29	36.11	-22.01	120.21
Normalized Net Income, 2 Yr. CAGR %	24.56	33.07	48.82	-20.39	95.09
Diluted EPS Before Extra, 2 Yr. CAGR %	1.85K	43.73	12.12	-23.67	134.28
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-3.57	-13.62	2.3	0.16
Accounts Receivable, 2 Yr. CAGR %	-4.58	-7.59	-0.09	8.15	7.68
Total Assets, 2 Yr. CAGR %	3.55	3.39	3.27	5.13	8.39
Common Equity, 2 Yr. CAGR %	5.61	0.96	-7.17	-1.53	16.38
Tangible Book Value, 2 Yr. CAGR %	6.36	1.28	-7.44	-1.39	18.2
Cash From Operations, 2 Yr. CAGR %	464.67	136.69	41.96	2.39	52.04
Levered Free Cash Flow, 2 Yr. CAGR %	168.15	310.03	362.01	220.49	1.08K
Unlevered Free Cash Flow, 2 Yr. CAGR %	171.83	295.07	342.05	214.18	1.55K
Dividend Per Share, 2 Yr. CAGR %	2.52	2.45	2.4	2.05	0.86
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.9	1.49	-0.25	5.24	3.83
Gross Profit, 3 Yr. CAGR %	14.68	22.27	-6.84	25.9	7.61
EBITDA, 3 Yr. CAGR %	-9.44	82.75	-21.16	84.24	12.44
EBITA, 3 Yr. CAGR %	-34.1	76.55	-24.47	130.29	13.64
EBIT, 3 Yr. CAGR %	-40.66	82.14	-25.28	151.4	13.9
Earnings From Cont. Operations, 3 Yr. CAGR %	-31.15	143.17	-11.65	46.2	20.48
Net Income, 3 Yr. CAGR %	-31.15	143.17	-11.65	46.2	20.48
Normalized Net Income, 3 Yr. CAGR %	-30.05	103.78	-10.41	51.2	15.62
Diluted EPS Before Extra, 3 Yr. CAGR %	-28.72	1.04K	-12.34	30.96	21.42
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-6.02	-4.36	-3.61
Accounts Receivable, 3 Yr. CAGR %	-3.13	-4.46	-3.81	3.86	6.51
Total Assets, 3 Yr. CAGR %	1.48	4.28	2.53	5.34	5.92
Common Equity, 3 Yr. CAGR %	1.29	4.54	-4.99	-0.23	4.45
Tangible Book Value, 3 Yr. CAGR %	1.7	5.18	-5.1	0	5.19
Cash From Operations, 3 Yr. CAGR %	9.84	369.49	51.52	54.04	15.49
Levered Free Cash Flow, 3 Yr. CAGR %	70.38	94.73	168.55	174.43	118.91
Unlevered Free Cash Flow, 3 Yr. CAGR %	69.11	96.57	162.01	166.43	116.03
Dividend Per Share, 3 Yr. CAGR %	2.55	2.49	2.43	2.17	1.36
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.69	5.85	2.33	2.08	2.86
Gross Profit, 5 Yr. CAGR %	-8.12	5.64	15.98	10.48	9.92
EBITDA, 5 Yr. CAGR %	-23.75	10.32	12.85	37.62	16.94
EBITA, 5 Yr. CAGR %	-33.9	9.8	3.36	33.83	19.15
EBIT, 5 Yr. CAGR %	-37.45	9.51	1.5	36.3	19.53
Earnings From Cont. Operations, 5 Yr. CAGR %	-28.44	3.8	-9.57	54.3	27.31
Net Income, 5 Yr. CAGR %	-28.44	3.8	-9.57	54.3	27.31
Normalized Net Income, 5 Yr. CAGR %	-21.37	5.55	-5.39	39.92	22.31
Diluted EPS Before Extra, 5 Yr. CAGR %	-21.59	6.32	-14.57	285.64	29.89
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	-3.59
Accounts Receivable, 5 Yr. CAGR %	6.83	2.54	-1.92	0.4	0.63
Total Assets, 5 Yr. CAGR %	5.31	5.63	2.19	4.62	4.9
Common Equity, 5 Yr. CAGR %	-1.96	-1.14	-2.18	2.07	3.04
Tangible Book Value, 5 Yr. CAGR %	-3	-2.1	-2.06	2.5	3.61
Cash From Operations, 5 Yr. CAGR %	-15.37	22.34	21.71	159	56.11
Levered Free Cash Flow, 5 Yr. CAGR %	226.9	163.33	42.38	52.45	80.48
Unlevered Free Cash Flow, 5 Yr. CAGR %	332.97	192.81	41.78	53.32	77.82
Dividend Per Share, 5 Yr. CAGR %	6.22	3.4	2.49	2.31	1.8