AXIS Capital (AXS)
Underwrites specialty insurance and selected treaty reinsurance worldwide.
$96.41
vs last close+0.13 (+0.14%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,483 | 1,415 | 1,443 | 1,471 | 1,520 | 1,585 | 1,468 | 1,540 | 1,693 | 1,734 | 1,644 | 1,753 |
| Cost of revenue | 1,047 | 1,406 | 983 | 1,031 | 1,107 | 1,108 | 1,051 | 1,078 | 1,127 | 859 | 867 | 933 |
| Gross profit | 436 | 9 | 461 | 440 | 413 | 477 | 417 | 463 | 566 | 875 | 776 | 820 |
| 226 | 195 | 191 | 195 | 186 | 210 | 181 | 182 | 196 | 539 | 468 | 484 | |
| 179 | 170 | 163 | 148 | 165 | 189 | 159 | 161 | 172 | 212 | 462 | 481 | |
| Selling & marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 316 |
| General & administrative | 179 | 170 | 163 | 148 | 165 | 189 | 159 | 161 | 172 | 212 | 462 | 165 |
| Other expenses | 47 | 25 | 28 | 47 | 21 | 20 | 22 | 21 | 25 | 327 | 6 | 3 |
| Operating income | 210 | −186 | 270 | 245 | 227 | 267 | 236 | 280 | 370 | 336 | 308 | 335 |
| 3 | 1 | 1 | 8 | 2 | 7 | 2 | −1 | 2 | 0 | 0 | −14 | |
| Interest expense | 16 | 18 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 16 | 17 |
| Other non-operating income | −16 | −18 | −17 | −17 | −17 | −17 | −17 | −17 | −17 | −17 | 0 | 0 |
| Income before tax | 213 | −184 | 271 | 253 | 229 | 274 | 238 | 280 | 372 | 336 | 308 | 322 |
| Income tax expense | 25 | −42 | −125 | 41 | 48 | −19 | 44 | 56 | 70 | 46 | 56 | −61 |
| Net income from continuing operations | 188 | −143 | 395 | 212 | 181 | 294 | 194 | 223 | 302 | 290 | 252 | 383 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| Net income | 188 | −143 | 395 | 212 | 181 | 294 | 194 | 223 | 302 | 290 | 255 | 383 |
| EPS, basic | $2.12 | −$1.76 | $4.57 | $2.42 | $2.06 | $3.43 | $2.30 | $2.75 | $3.79 | $3.73 | $3.34 | $5.11 |
| EPS, diluted | $2.10 | −$1.76 | $4.53 | $2.40 | $2.04 | $3.38 | $2.26 | $2.72 | $3.74 | $3.67 | $3.29 | $5.06 |
| Weighted average shares, basic | 85 | 85 | 85 | 84 | 84 | 84 | 81 | 78 | 78 | 76 | 74 | 74 |
| Weighted average shares, diluted | 86 | 85 | 86 | 85 | 85 | 85 | 82 | 79 | 79 | 77 | 75 | 74 |
| EBITDA | 257 | −154 | 301 | 275 | 258 | 297 | 266 | 310 | 401 | 416 | 311 | 338 |
| Depreciation & amortization | 31 | 13 | 14 | 14 | 14 | 13 | 14 | 13 | 14 | 64 | 2 | 2 |
| EBIT | 226 | −167 | 287 | 262 | 244 | 284 | 253 | 297 | 387 | 352 | 308 | 336 |
