Financial Ratios AXIS Capital Holdings Limited

Equities

AXS

BMG0692U1099

Multiline Insurance & Brokers

Market Closed - Nyse Other stock markets 21:00:02 11/05/2026 BST			5-day change	1st Jan Change
98.51 ^USD	-0.89%		-0.33%	-8.01%

05-07	EBRD agrees inaugural significant risk transfer deal for 1 billion euros	RE
05-01	Coforge Limited completed the acquisition of remaining 45.51% stake in Cigniti Technologies Limited.	CI

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Published financial data: AXIS CAPITAL HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Premiums and Annuity Revenues	4.71B	5.16B	5.08B	5.31B	5.71B
Total Interest And Dividend Income	454M	419M	612M	759M	767M
Gain (Loss) on Sale of Investments, Total (Rev)	134M	-457M	-74.63M	-139M	58.95M
Other Revenues, Total	23.3M	13.07M	22.5M	30.72M	23.22M
Total Revenues	5.32B	5.14B	5.64B	5.96B	6.56B
Policy Benefits	3.01B	3.24B	3.39B	3.16B	3.29B
Policy Acquisition / Underwriting Costs, Total	926M	1.02B	1B	1.07B	1.14B
Amortization of Goodwill and Intangible Assets - (IS)	12.42M	10.92M	10.92M	10.92M	9.92M
Selling General & Admin Expenses, Total	663M	680M	684M	666M	704M
Total Operating Expenses	4.61B	4.96B	5.09B	4.91B	5.14B
Operating Income	712M	180M	554M	1.05B	1.42B
Interest Expense, Total	-62.3M	-63.15M	-68.42M	-67.77M	-66.66M
Income (Loss) on Equity Invest.	32.08M	2M	4.16M	17.95M	9.45M
Currency Exchange Gains (Loss)	-315K	158M	-58.12M	50.82M	-142M
EBT, Excl. Unusual Items	681M	277M	432M	1.05B	1.23B
Restructuring Charges	-	-31.43M	-29M	-26.31M	-
Total Merger & Related Restructuring Charges	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	681M	245M	403M	1.03B	1.23B
Income Tax Expense	62.38M	22.04M	26.32M	-55.6M	217M
Earnings From Continuing Operations	619M	223M	376M	1.08B	1.01B
Net Income to Company	619M	223M	376M	1.08B	1.01B
Net Income - (IS)	619M	223M	376M	1.08B	1.01B
Preferred Dividend and Other Adjustments	30.25M	30.25M	30.25M	30.25M	30.25M
Net Income to Common Incl Extra Items	588M	193M	346M	1.05B	979M
Net Income to Common Excl. Extra Items	588M	193M	346M	1.05B	979M
Per Share Items
Net EPS - Basic	6.95	2.27	4.06	12.49	12.52
Basic EPS - Continuing Operations	6.95	2.27	4.06	12.49	12.52
Basic Weighted Average Shares Outstanding	84.71M	84.86M	85.14M	84.16M	78.19M
Net EPS - Diluted	6.9	2.25	4.02	12.35	12.35
Diluted EPS - Continuing Operations	6.9	2.25	4.02	12.35	12.35
Diluted Weighted Average Shares Outstanding	85.29M	85.67M	86.01M	85.18M	79.27M
Normalized Basic EPS	5.02	2.04	3.17	7.82	9.8
Normalized Diluted EPS	4.99	2.02	3.14	7.72	9.66
Dividend Per Share	1.69	1.73	1.76	1.76	1.76
Payout Ratio	28.43	80.5	48.9	16.83	17.15
Supplemental Items
EBITDA	779M	248M	630M	1.11B	1.48B
EBITA	724M	191M	565M	1.06B	1.43B
EBIT	712M	180M	554M	1.05B	1.42B
EBITDAR	798M	266M	649M	1.12B	1.5B
Total Revenues (As Reported)	5.32B	5.14B	5.64B	5.96B	6.56B
Effective Tax Rate - (Ratio)	9.16	8.99	6.54	-5.42	17.68
Current Domestic Taxes	-	-	291K	3.42M	42.46M
Current Foreign Taxes	29.15M	13.71M	44.41M	104M	136M
Total Current Taxes	29.15M	13.71M	44.7M	107M	178M
Deferred Domestic Taxes	-	-	-13.27M	-171M	46.44M
Deferred Foreign Taxes	33.24M	8.33M	-5.11M	8.01M	-7.98M
Total Deferred Taxes	33.24M	8.33M	-18.38M	-163M	38.46M
Normalized Net Income	426M	173M	270M	658M	766M
Interest on Long-Term Debt	62.3M	63.15M	63.42M	63.77M	63.66M
Supplemental Operating Expense Items
General and Administrative Expenses	663M	680M	684M	666M	704M
Net Rental Expense, Total	19.88M	18M	19.26M	13.5M	15.51M
Imputed Operating Lease Interest Expense	6.88M	6.21M	6.98M	4.86M	5.55M
Imputed Operating Lease Depreciation	13M	11.79M	12.28M	8.64M	9.96M
Stock-Based Comp., Other (Total)	49.42M	56.14M	57.73M	42.73M	45.22M
Total Stock-Based Compensation	49.42M	56.14M	57.73M	42.73M	45.22M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Investment In Debt Securities	12.76B	12.03B	12.92B	12.6B	13.42B
Investment In Equity and Preferred Securities, Total	1.06B	904M	1.07B	1.11B	1.3B
Trading Asset Securities, Total	-	-	-	-	-
Mortgage Loans	594M	627M	610M	506M	357M
Total Other Investments	720M	796M	660M	833M	684M
Total investments	15.13B	14.35B	15.26B	15.04B	15.76B
Cash And Equivalents	845M	751M	953M	2.14B	820M
Reinsurance Recoverable - (IS)	5.66B	6.37B	6.9B	7.39B	9.63B
Other Receivables - (Insurance Template)	2.69B	2.84B	3.49B	3.53B	3.61B
Deferred Policy Acquisition Costs - (BS)	466M	474M	451M	525M	802M
Gross Property Plant And Equipment	-	-	-	-	93.9M
Net Property Plant And Equipment	103M	92.21M	108M	92.52M	93.9M
Goodwill	101M	101M	101M	66.5M	66.5M
Other Intangibles, Total	209M	198M	187M	176M	166M
Restricted Cash	473M	423M	431M	920M	501M
Other Current Assets, Total	1.38B	1.59B	1.92B	1.95B	2.14B
Other Long-Term Assets, Total	307M	401M	452M	686M	886M
Total Assets	27.37B	27.6B	30.25B	32.52B	34.46B
Liabilities
Accounts Payable, Total	31.54M	19.69M	26.09M	270M	36.98M
Accrued Expenses, Total	9.09M	4.79M	1M	-	5M
Insurance And Annuity Liabilities	1.14B	1.3B	1.57B	1.53B	1.75B
Unpaid Claims	14.65B	15.17B	16.43B	17.22B	18.12B
Unearned Premiums	4.09B	4.36B	4.75B	5.21B	5.83B
Reinsurance Payable - (BS)	189M	220M	219M	181M	131M
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	18.65M	15.93M	12.42M	17.79M	16.94M
Short-Term Borrowings	-	81.39M	85.79M	66.38M	66.38M
Long-Term Debt	1.31B	1.31B	1.31B	1.32B	1.32B
Long-Term Leases	101M	86.65M	111M	88.83M	93.16M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	20.62M	703K	10.16M	3.1M	8.86M
Other Non Current Liabilities	398M	381M	453M	525M	731M
Total Liabilities	21.96B	22.96B	24.99B	26.43B	28.11B
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	2.35B	2.37B	2.38B	2.39B	2.41B
Retained Earnings	6.2B	6.25B	6.44B	7.34B	8.18B
Treasury Stock	-3.75B	-3.77B	-3.75B	-3.93B	-4.81B
Comprehensive Income and Other	56.54M	-760M	-366M	-268M	28.43M
Total Common Equity	4.86B	4.09B	4.71B	5.54B	5.81B
Total Equity	5.41B	4.64B	5.26B	6.09B	6.36B
Total Liabilities And Equity	27.37B	27.6B	30.25B	32.52B	34.46B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	84.8M	84.71M	84.45M	80.79M	73.97M
ECS Total Common Shares Outstanding	84.77M	84.67M	85.29M	82.98M	74.14M
Book Value / Share	57.34	48.31	55.26	66.75	78.32
Tangible Book Value	4.55B	3.79B	4.43B	5.3B	5.57B
Tangible Book Value Per Share	53.69	44.78	51.89	63.83	75.19
Total Debt	1.43B	1.5B	1.52B	1.49B	1.49B
Net Debt	586M	745M	569M	-655M	673M
Debt Equivalent Oper. Leases	159M	144M	154M	108M	124M
Equity Method Investments, Total	146M	148M	175M	207M	227M
Account Code - Inventory Valuation	3	3	3	3	3
Full Time Employees	2.08K	2.06K	2.05K	1.88K	1.97K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	619M	223M	376M	1.08B	1.01B
Depreciation, Depletion & Amortization	54.55M	57.37M	64.64M	44.39M	46.46M
Amortization of Goodwill and Intangible Assets - (CF)	12.42M	10.92M	10.92M	10.92M	9.92M
Total Depreciation, Depletion & Amortization	66.98M	68.29M	75.55M	55.31M	56.38M
(Gain) Loss on Sale of Investments - (CF)	-279M	427M	34.78M	58.54M	-164M
Deferred Policy Acquisition Costs - (CF)	-34.39M	-10.55M	21.5M	-74.51M	-115M
Amort. Of Deferred Policy Acq. Costs - (CF)	3.85M	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-32.08M	-2M	-4.16M	-17.95M	-9.45M
Stock-Based Compensation (CF)	37.74M	48.49M	54.12M	42.73M	45.21M
Reinsurance Recoverable - (CF)	-735M	-724M	-555M	-547M	-2.31B
Change in Unearned Revenues	410M	287M	389M	483M	614M
Change in insurance Reserves / Liabilities	737M	544M	1.27B	842M	906M
Change in Other Net Operating Assets (Collected)	320M	-170M	-410M	-78.48M	-72.36M
Other Operating Activities	-	-	-	-	-
Cash from Operations	1.11B	692M	1.26B	1.84B	-40.93M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-1.08B	-586M	-486M	169M	-577M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-211K	-32.66M	-338M	-118M	-768K
Other Investing Activities, Total	-38.73M	-36.83M	-31.14M	230M	-51.28M
Cash from Investing	-1.11B	-656M	-856M	280M	-629M
Long-Term Debt Issued, Total	-	78.95M	5.25M	-	-
Total Debt Issued	-	78.95M	5.25M	-	-
Long-Term Debt Repaid, Total	-	-	-	-19.41M	-
Total Debt Repaid	-	-	-	-19.41M	-
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-10.24M	-48.98M	-23.6M	-216M	-914M
Issuance of Preferred Stock	-	-	-	-	-
Repurchase of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-146M	-149M	-154M	-152M	-143M
Preferred Dividends Paid	-30.25M	-30.25M	-30.25M	-30.25M	-30.25M
Common & Preferred Stock Dividends Paid	-176M	-180M	-184M	-182M	-173M
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	-186M	-150M	-202M	-417M	-1.09B
Foreign Exchange Rate Adjustments	-74K	-29.83M	11.75M	-28.34M	14.48M
Net Change in Cash	-186M	-143M	209M	1.68B	-1.74B
Supplemental Items
Cash Interest Paid	59.4M	59.89M	63.6M	64.18M	62.55M
Cash Income Tax Paid (Refund)	45.08M	33.42M	77.48M	80.56M	127M
Net Debt Issued / Repaid	-	78.95M	5.25M	-19.41M	-
Levered Free Cash Flow	-9.82B	-11.31B	-10.95B	-11.18B	-13.03B
Unlevered Free Cash Flow	-9.78B	-11.27B	-10.9B	-11.14B	-12.99B
Change In Net Working Capital	10.34B	11.5B	11.38B	11.89B	13.98B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.67	0.41	1.2	2.09	2.65
Return on Total Capital	6.55	1.73	5.36	9.15	11.54
Return On Equity %	11.56	4.44	7.6	19.06	16.21
Return on Common Equity	12.25	4.31	7.86	20.51	17.25
Margin Analysis
Gross Profit Margin %	26.07	16.96	22.14	29.02	32.58
SG&A Margin	12.46	13.25	12.13	11.18	10.72
EBITDA Margin %	14.63	4.83	11.16	18.58	22.57
EBITA Margin %	13.6	3.71	10.01	17.83	21.86
EBIT Margin %	13.37	3.5	9.82	17.65	21.71
Income From Continuing Operations Margin %	11.62	4.34	6.67	18.16	15.37
Net Income Margin %	11.62	4.34	6.67	18.16	15.37
Net Avail. For Common Margin %	11.06	3.75	6.13	17.65	14.91
Normalized Net Income Margin	8	3.37	4.78	11.04	11.67
Levered Free Cash Flow Margin	-184.44	-220.17	-193.98	-187.66	-198.54
Unlevered Free Cash Flow Margin	-183.71	-219.4	-193.23	-186.95	-197.91
Asset Turnover
Asset Turnover	0.2	0.19	0.19	0.19	0.2
Fixed Assets Turnover	46.91	52.53	56.35	59.4	70.42
Receivables Turnover (Average Receivables)	1.93	2.08	1.96	1.95	2.14
Short Term Liquidity
Current Ratio	1.36	1.39	1.39	1.45	1.47
Quick Ratio	0.43	0.41	0.42	0.51	0.36
Operating Cash Flow to Current Liabilities	0.14	0.08	0.13	0.17	-0
Days Sales Outstanding (Average Receivables)	189.46	175.2	185.88	188.17	170.96
Average Days Payable Outstanding	844.75	815.57	838.78	966.01	947.68
Long Term Solvency
Total Debt/Equity	26.44	32.25	28.93	24.44	23.49
Total Debt / Total Capital	20.91	24.38	22.44	19.64	19.02
LT Debt/Equity	26.09	30.15	27.06	23.06	22.18
Long-Term Debt / Total Capital	20.64	22.8	20.99	18.53	17.96
Total Liabilities / Total Assets	80.23	83.19	82.6	81.28	81.56
EBIT / Interest Expense	11.42	2.85	8.1	15.52	21.37
EBITDA / Interest Expense	12.81	4.21	9.48	16.53	22.45
(EBITDA - Capex) / Interest Expense	12.81	4.21	9.48	16.53	22.45
Total Debt / EBITDA	1.79	5.62	2.35	1.33	1
Net Debt / EBITDA	0.73	2.8	0.88	-0.58	0.45
Total Debt / (EBITDA - Capex)	1.79	5.62	2.35	1.33	1
Net Debt / (EBITDA - Capex)	0.73	2.8	0.88	-0.58	0.45
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.68	-3.5	9.89	5.57	10.17
Gross Profit, 1 Yr. Growth %	118.11	-37.21	43.44	38.36	23.72
EBITDA, 1 Yr. Growth %	603.49	-68.14	153.8	75.81	33.83
EBITA, 1 Yr. Growth %	1.19K	-73.66	196.27	88.07	35.05
EBIT, 1 Yr. Growth %	1.49K	-74.74	208.19	89.81	35.5
Earnings From Cont. Operations, 1 Yr. Growth %	-613.69	-63.94	68.68	187.49	-6.74
Net Income, 1 Yr. Growth %	-613.69	-63.94	68.68	187.49	-6.74
Normalized Net Income, 1 Yr. Growth %	-692.87	-59.39	56.07	143.86	16.45
Diluted EPS Before Extra, 1 Yr. Growth %	-485.47	-67.39	78.67	207.21	0
Net Property, Plant and Equip., 1 Yr. Growth %	-16.41	-10.73	17.22	-14.41	1.5
Accounts Receivable, 1 Yr. Growth %	-4.22	4.22	12.22	3.32	14.78
Total Assets, 1 Yr. Growth %	5.76	0.83	9.28	7.5	5.45
Common Equity, 1 Yr. Growth %	2.42	-15.86	15.24	17.53	4.82
Tangible Book Value, 1 Yr. Growth %	2.84	-16.7	16.73	19.69	5.23
Cash From Operations, 1 Yr. Growth %	224.54	-37.91	57.33	46.93	-102.22
Levered Free Cash Flow, 1 Yr. Growth %	-1.93K	-1.16K	13.49K	-1.28K	-1.19K
Unlevered Free Cash Flow, 1 Yr. Growth %	-1.78K	-1.12K	26.44K	-1.23K	-1.15K
Dividend Per Share, 1 Yr. Growth %	2.42	2.37	1.73	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.42	2.99	2.98	7.71	7.85
Gross Profit, 2 Yr. CAGR %	13.48	17.95	-5.1	40.88	30.84
EBITDA, 2 Yr. CAGR %	24.02	56.97	-10.08	111.24	53.39
EBITA, 2 Yr. CAGR %	27.91	103.03	-11.67	136.05	59.37
EBIT, 2 Yr. CAGR %	28.5	127.06	-11.76	141.86	60.37
Earnings From Cont. Operations, 2 Yr. CAGR %	38.29	36.11	-22.01	120.21	63.74
Net Income, 2 Yr. CAGR %	38.29	36.11	-22.01	120.21	63.74
Normalized Net Income, 2 Yr. CAGR %	33.07	48.82	-20.39	95.09	68.51
Diluted EPS Before Extra, 2 Yr. CAGR %	43.73	12.12	-23.67	134.28	75.28
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.57	-13.62	2.3	0.16	-6.8
Accounts Receivable, 2 Yr. CAGR %	-7.59	-0.09	8.15	7.68	2.85
Total Assets, 2 Yr. CAGR %	3.39	3.27	5.13	8.39	6.73
Common Equity, 2 Yr. CAGR %	0.96	-7.17	-1.53	16.38	10.99
Tangible Book Value, 2 Yr. CAGR %	1.28	-7.44	-1.39	18.2	12.23
Cash From Operations, 2 Yr. CAGR %	136.69	41.96	2.39	52.04	-81.94
Levered Free Cash Flow, 2 Yr. CAGR %	310.03	362.01	220.49	1.08K	271.36
Unlevered Free Cash Flow, 2 Yr. CAGR %	295.07	342.05	214.18	1.55K	262.65
Dividend Per Share, 2 Yr. CAGR %	2.45	2.4	2.05	0.86	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	1.49	-0.25	5.24	3.83	8.52
Gross Profit, 3 Yr. CAGR %	22.27	-6.84	25.9	7.61	34.91
EBITDA, 3 Yr. CAGR %	82.75	-21.16	84.24	12.44	81.42
EBITA, 3 Yr. CAGR %	76.55	-24.47	130.29	13.64	95.96
EBIT, 3 Yr. CAGR %	82.14	-25.28	151.4	13.9	99.39
Earnings From Cont. Operations, 3 Yr. CAGR %	143.17	-11.65	46.2	20.48	65.37
Net Income, 3 Yr. CAGR %	143.17	-11.65	46.2	20.48	65.37
Normalized Net Income, 3 Yr. CAGR %	103.78	-10.41	51.2	15.62	64.26
Diluted EPS Before Extra, 3 Yr. CAGR %	1.04K	-12.34	30.96	21.42	76.4
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-6.02	-4.36	-3.61	0.61
Accounts Receivable, 3 Yr. CAGR %	-4.46	-3.81	3.86	6.51	5.88
Total Assets, 3 Yr. CAGR %	4.28	2.53	5.34	5.92	7.57
Common Equity, 3 Yr. CAGR %	4.54	-4.99	-0.23	4.45	12.39
Tangible Book Value, 3 Yr. CAGR %	5.18	-5.1	0	5.19	13.71
Cash From Operations, 3 Yr. CAGR %	369.49	51.52	54.04	15.49	-62.85
Levered Free Cash Flow, 3 Yr. CAGR %	94.73	168.55	174.43	118.91	444.87
Unlevered Free Cash Flow, 3 Yr. CAGR %	96.57	162.01	166.43	116.03	581.21
Dividend Per Share, 3 Yr. CAGR %	2.49	2.43	2.17	1.36	0.57
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	5.85	2.33	2.08	2.86	6.27
Gross Profit, 5 Yr. CAGR %	5.64	15.98	10.48	9.92	27.85
EBITDA, 5 Yr. CAGR %	10.32	12.85	37.62	16.94	71.22
EBITA, 5 Yr. CAGR %	9.8	3.36	33.83	19.15	98.76
EBIT, 5 Yr. CAGR %	9.51	1.5	36.3	19.53	110.03
Earnings From Cont. Operations, 5 Yr. CAGR %	3.8	-9.57	54.3	27.31	52.98
Net Income, 5 Yr. CAGR %	3.8	-9.57	54.3	27.31	52.98
Normalized Net Income, 5 Yr. CAGR %	5.55	-5.39	39.92	22.31	57.9
Diluted EPS Before Extra, 5 Yr. CAGR %	6.32	-14.57	285.64	29.89	47.15
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-3.59	-5.34
Accounts Receivable, 5 Yr. CAGR %	2.54	-1.92	0.4	0.63	3.45
Total Assets, 5 Yr. CAGR %	5.63	2.19	4.62	4.9	5.9
Common Equity, 5 Yr. CAGR %	-1.14	-2.18	2.07	3.04	4.12
Tangible Book Value, 5 Yr. CAGR %	-2.1	-2.06	2.5	3.61	4.72
Cash From Operations, 5 Yr. CAGR %	22.34	21.71	159	56.11	-34.65
Levered Free Cash Flow, 5 Yr. CAGR %	163.33	42.38	52.45	80.48	89.76
Unlevered Free Cash Flow, 5 Yr. CAGR %	192.81	41.78	53.32	77.82	86.44
Dividend Per Share, 5 Yr. CAGR %	3.4	2.49	2.31	1.8	1.3