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Earnings transcript
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AXS
AXS
AXIS Capital Holdings Limited
$97.62
1.41
(1.47%)
| Exchange: | NYSE |
| Market Cap: | 7.197B |
| Shares Outstanding: | 135.442M |
Delayed data
About The Company
| Sector: | Financial Services | |||||
| Industry: | Insurance – Property & Casualty | |||||
| CEO: | Vincent Christopher Tizzio | |||||
| Full Time Employees: | 1876 | |||||
| Address: |
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| Website: | https://www.axiscapital.com |
AXIS Capital Holdings Limited, identified by the symbol AXS, functions as a global enterprise offering a diverse range of specialized insurance and reinsurance solutions through its network of subsidiaries. Its operations are strategically divided into two primary segments: Insurance and Reinsurance. The Insurance segment delivers direct coverage across numerous areas. This includes property insurance for commercial buildings, residential structures, active construction projects, and onshore energy installations. Its marine insurance portfolio spans offshore energy, cargo, various liability coverages, recreational boating, fine art, unique collectibles (specie), and hull war risks. Additionally, this segment underwrites policies for terrorism, aviation, credit and political risk, and general liability. A significant portion of its offerings falls under professional insurance, safeguarding against directors’ and officers’ liability, errors and omissions, employment practices liability, fiduciary responsibilities, crime, professional indemnity, cyber and privacy incidents, and medical malpractice, among other financial-related exposures. These professional policies cater to a wide clientele, including commercial businesses, financial institutions, non-profit organizations, and other professional service providers. The segment also extends to accident, travel, and specialized health products designed for employer and affinity groups. Conversely, the Reinsurance segment provides coverage to other insurance companies. This encompasses critical catastrophe reinsurance products and property reinsurance, which protects against property damage and associated losses stemming from both natural calamities and man-made events. The segment also underwrites professional lines, credit and surety, and motor liability reinsurance. Its specialized offerings further include agriculture reinsurance, coverage for various construction risks (such as the erection, testing, and commissioning of machinery and plants), as well as marine and aviation reinsurance. Lastly, it provides personal accident, specialty health, accidental death, travel, life, and disability reinsurance solutions. AXIS Capital Holdings Limited was established in 2001 and is headquartered in Pembroke, Bermuda.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 5,590,519 | 6,018,811 | 6,563,678 |
| Gross Profit | 1,196,472 | 1,789,773 | 3,275,137 |
| EBITDA | 542,418 | 1,131,310 | 1,348,668 |
| Operating Income | 398,445 | 1,008,238 | 1,225,630 |
| Net Income | 376,292 | 1,081,786 | 1,008,898 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 30,250,672 | 32,520,293 | 32,322,632 |
| Total Liabilities | 24,987,476 | 26,430,914 | 25,966,197 |
| Total Stockholders Equity | 5,263,196 | 6,089,379 | 6,356,435 |
| Total Debt | 1,522,605 | 1,488,173 | 1,603,280 |
| Cash and Cash Equivalents | 953,476 | 2,143,471 | 1,321,185 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 1,255,559 | 1,844,813 | -40,932 |
| Capital Expenditure | -31,144 | 0 | 0 |
| Free Cash Flow | 1,255,559 | 1,844,813 | -40,932 |
| Net Income | 376,292 | 1,081,786 | 1,008,898 |
| Net Change in Cash | 209,332 | 1,679,636 | -1,742,436 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 7,388,700.530 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 7,797,501.591 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 7,593,101.061 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,045,215.045 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,103,044.567 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,074,129.806 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 1,226,519.295 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 1,293,712.292 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 1,260,115.794 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 876,686.465 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 925,191.660 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 900,939.063 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 15.900 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 16.320 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 15.470 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 2 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance: AXIS Capital reported robust results in the Q2 2025 earnings call, with an annualized operating return on equity surpassing expectations. Key metrics such as revenue, net income, and operating income from recent income statements reflect consistent growth, positioning the company favorably within the insurance sector.
- Healthy Cash Flow Generation: Cash flow statements indicate strong net cash provided by operating activities and positive free cash flow, supported by effective management of operating expenses and capital expenditure. This financial stability enhances AXS's ability to fund growth initiatives and return value to shareholders through dividends (as evidenced by a competitive dividend yield TTM).
- Market Positioning: As highlighted in the company profile and earnings call summary, AXS benefits from a strategic focus on specialty insurance and reinsurance markets, which, combined with a solid market capitalization and operational scale (reflected in full-time employees and enterprise value TTM), provides a competitive edge in its industry.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates AXS intrinsic value between $245.77 – $318.69 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about AXS valuation
Is AXIS Capital Holdings Limited (AXS) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for AXIS Capital Holdings Limited (AXS) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is AXS a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether AXS trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is AXS’s P/E ratio?
You can see AXS’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for AXS?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is AXS a good long-term investment?
Whether AXS fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
AXS
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Daily snapshot
1.47
Trading Metrics:
| Open: | 98.27 | Previous Close: | 96.21 | |
| Day Low: | 95.83 | Day High: | 98.39 | |
| Year Low: | 88.07 | Year High: | 110.34 | |
| Price Avg 50: | 99.31 | Price Avg 200: | 100.01 | |
| Volume: | 625086 | Average Volume: | 564847 |
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Login — it's freeAXS full analysis
Welcome to MARKETSNAP’s SWOT analysis for AXIS Capital Holdings Limited, also known by its ticker AXS. If you’re a long-term investor looking to dig into a solid player in the insurance and reinsurance space, you’ve come to the right place. Today, we’re breaking down the strengths, weaknesses, opportunities, and threats for AXIS Capital, a company that might not be a household name like some tech giants, but definitely packs a punch in its niche. So, grab a coffee, let’s dive…
