Bermuda's AXIS Capital Q4 underwriting income up 42%

AXIS Capital Holdings

28/01/2026 21:25

Overview

Bermuda-based insurance firm's Q4 underwriting income rose 42% yr/yr

Company's Q4 combined ratio improved to 90.4%

Company returned $1 bln to shareholders through repurchases and dividends

Outlook

Company did not provide specific guidance for future quarters or years

Result Drivers

INSURANCE PREMIUM GROWTH - Gross premiums in the insurance segment increased by 12%, contributing to improved underwriting results

LOWER CATASTROPHE LOSSES - Reduced catastrophe and weather-related losses helped improve the combined ratio

REINSURANCE SEGMENT GROWTH - Reinsurance segment saw a 13% increase in gross premiums, driven by new business in motor and credit lines

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$3.67
Q4 Net Income
$282 mln
Q4 Adjusted Combined Ratio
90.40%
Q4 Combined Ratio
90.40%
Q4 Expense Ratio
13.90%
Q4 Operating income
$250 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline insurance & brokers peer group is "buy"

Wall Street's median 12-month price target for AXIS Capital Holdings Ltd is $124.00, about 21% above its January 27 closing price of $102.51

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nGNEbTlQjL

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)