Axis Capital Holdings Ltd
AXS NYSE Fire, Marine & Casualty Insurance Financials FY2016βFY2025
What Axis Capital Holdings Ltd does
No business description yet.
- Legal name
- AXIS CAPITAL HOLDINGS LTD
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K Β· Feb 27, 2026
- Accession Β· CIK
- 0001214816-26-000097
0001214816
Revenue and margins
Axis Capital Holdings Ltd had $6.6B of revenue in fiscal 2025, up 10.2% on the year before.
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 10.4% a year. Loss periods are shown in red.
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cash flow
Free cash flow was β in fiscal 2025, β of revenue. Cash from operations minus capital spending.
Dividends, buybacks and share count
Axis Capital Holdings Ltd returned $1.0B to shareholders in fiscal 2025. The diluted share count fell 6.9%.
Balance sheet
Cash, debt and the ratios that show how comfortably Axis Capital Holdings Ltd can carry it.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $845M | $751M | $953M | $2.1B | $820M |
| Total assets | $27.4B | $27.7B | $30.3B | $32.7B | $34.5B |
| Total liabilities | $22.0B | $23.0B | $25.0B | $26.6B | $28.1B |
| Shareholders' equity | $5.4B | $4.6B | $5.3B | $6.1B | $6.4B |
| Net debt (β = net cash) | β | β | β | β | β |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 6 | β / 6 | β / 6 | β / 6 | β / 6 | β / 6 | β / 6 | β / 6 | β / 6 |
| Accruals ratio | 0.5% | β2.8% | 0.1% | 0.5% | β1.8% | β2.2% | β2.1% | β3.0% | β2.4% | 3.1% |
| Altman Z'' | β | β | β | β | β | β | β | β | β | β |
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $4.0B | $4.6B | $5.1B | $5.2B | $4.8B | $5.3B | $5.1B | $5.6B | $6.0B | $6.6B |
| Interest expense | $51.4M | $54.8M | $67.4M | $68.1M | $75.0M | $62.3M | $63.1M | $68.4M | $67.8M | $66.7M |
| Pretax income | $520M | β$377M | $13.5M | $347M | β$133M | $681M | $245M | $403M | $1.0B | $1.2B |
| Income tax | $6.3M | β$7.5M | β$29.5M | $23.7M | β$12.3M | $62.4M | $22.0M | $26.3M | β$55.6M | $217M |
| Net income | $513M | β$369M | $43.0M | $323M | β$120M | $619M | $223M | $376M | $1.1B | $1.0B |
| Net income to common | $465M | β$416M | $0.4M | $282M | β$151M | $588M | $193M | $346M | $1.1B | $979M |
| Diluted EPS | $5.08 | β$4.94 | $0.00 | $3.34 | β$1.79 | $6.90 | $2.25 | $4.02 | $12.35 | $12.35 |
| Diluted shares | 0.09B | 0.08B | 0.08B | 0.08B | 0.08B | 0.09B | 0.09B | 0.09B | 0.09B | 0.08B |
| Cash flow | ||||||||||
| Cash from operations | $407M | $259M | $10.8M | $199M | $344M | $1.2B | $798M | $1.3B | $1.8B | β$40.9M |
| Stock-based compensation | $52.2M | $12.7M | $34.3M | $32.5M | $29.0M | $37.7M | $48.5M | $54.1M | $42.7M | $45.2M |
| Acquisitions | $0.0M | $467M | $0.0M | $0.0M | β | β | β | β | β | β |
| Share buybacks | $495M | $261M | $0.0M | $0.0M | $0.0M | $0.0M | $35.0M | $0.0M | $200M | $888M |
| Dividends paid | $132M | $135M | $134M | $137M | $142M | $146M | $149M | $154M | $152M | $143M |
| Dividends and buybacks | $628M | $396M | $134M | $137M | $142M | $146M | $184M | $154M | $352M | $1.0B |
| Balance sheet | ||||||||||
| Cash and short-term investments | $1.0B | $949M | $1.2B | $1.2B | $903M | $845M | $751M | $953M | $2.1B | $820M |
| Loans, net | β | β | β | β | β | β | $87.2M | $305M | $248M | $232M |
| Goodwill | $47.1M | $102M | $102M | $102M | $101M | $101M | $101M | $101M | $66.5M | $66.5M |
| Intangible assets | $37.9M | $258M | $242M | $231M | $220M | $209M | $198M | $187M | $176M | $166M |
| Total assets | $20.8B | $24.8B | $24.1B | $25.6B | $25.9B | $27.4B | $27.7B | $30.3B | $32.7B | $34.5B |
| Total liabilities | $14.5B | $19.4B | $19.1B | $20.1B | $20.6B | $22.0B | $23.0B | $25.0B | $26.6B | $28.1B |
| Preferred stock | β | β | β | β | β | $550M | $550M | $550M | $550M | $550M |
| Shareholders' equity | $6.3B | $5.3B | $5.0B | $5.5B | $5.3B | $5.4B | $4.6B | $5.3B | $6.1B | $6.4B |
| Margins | ||||||||||
| Net margin | 12.8% | β8.0% | 0.8% | 6.3% | β2.5% | 11.6% | 4.3% | 6.7% | 18.2% | 15.4% |
| Returns | ||||||||||
| Return on equity | 8.2% | β6.4% | 0.8% | 6.1% | β2.2% | 11.6% | 4.4% | 7.6% | 19.1% | 16.2% |
| Return on assets | 2.5% | β1.6% | 0.2% | 1.3% | β0.5% | 2.3% | 0.8% | 1.3% | 3.4% | 3.0% |
| Return on tangible equity | 7.5% | β8.3% | 0.0% | 5.4% | β3.0% | 11.5% | 4.4% | 7.0% | 18.0% | 16.0% |
| Growth | ||||||||||
| Revenue growth | β | 14.6% | 10.9% | 1.6% | β6.4% | 9.9% | β3.5% | 9.9% | 5.6% | 10.2% |
| Net income growth | β | β171.9% | β | 651.9% | β137.2% | β | β63.9% | 68.7% | 187.5% | β6.7% |
| EPS growth | β | β197.2% | β | β | β153.6% | β | β67.4% | 78.7% | 207.2% | 0.0% |
| Share count change | β | β8.1% | β0.1% | 0.6% | β0.2% | 1.2% | 0.4% | 0.4% | β1.0% | β6.9% |
| Capital allocation | ||||||||||
| Stock comp / revenue | 1.3% | 0.3% | 0.7% | 0.6% | 0.6% | 0.7% | 0.9% | 1.0% | 0.7% | 0.7% |
| Quality scores | ||||||||||
| Accruals ratio | 0.5% | β2.8% | 0.1% | 0.5% | β1.8% | β2.2% | β2.1% | β3.0% | β2.4% | 3.1% |
Source: SEC EDGAR XBRL filings (CIK 0001214816). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.