MARKETS / NYSE / Financials / Insurance / AXS

NYSE · FIRE, MARINE & CASUALTY INSURANCE · LARGE CAP

Axis Capital Holdings Ltd. AXS

18 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$6.6B

▲ 10.2% YoY

Net income

$1.0B

▼ 6.7% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

AXIS Capital Holdings Limited is a global specialty underwriter and provider of insurance and reinsurance solutions with operations in Bermuda, the United States, Europe, Singapore and Canada. At December 31, 2025, the company had common shareholders' equity of $5.8 billion, total capital of $7.7 billion and total assets of $34.5 billion. At December 31, 2025, it had 1,966 employees. Its underwriting operations are organized around two global platforms, AXIS Insurance and AXIS Re, and it has determined that it has two reportable segments, insurance and reinsurance.

Written from the business description in AXIS CAPITAL HOLDINGS LTD's annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 6.6B

Revenue, FY2025 · full 18-year series below

Revenue $B Net income $B

FY2025 · Revenue 6.6 · Net income 1.0

2.5B5.0B

2008201120142017202020232025

Compound annual growth

Revenue

+8.5%

+6.3%

+4.7%

+4.2%

Net income

+65.4%

+4.6%

+1.1%

EPS, diluted

+76.4%

Dividend / share

+0.6%

+1.3%

+3.7%

+4.9%

Returned to shareholders

+77.5%

+48.7%

+9.2%

+1.6%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +6.3% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

15 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 18.7% · Net 15.4%

10%20%-5%

200820162025

ROE

FY2025 · ROE 16.2%

5%10%15%-2%-4%-6%

200820162025

Three returns, three denominators.

Return on equity16.2%

Return on assets3.0%

Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Gross margin·

Operating margin18.7%

Net margin15.4%

EBITDA·

Each USD of equity produced 16 cents of profit this year.

Cash & shareholders

USD 1.0B

returned in FY2025 · dividends + net buybacks

Net buybacks $M Dividends $M

FY2025 · Dividends 142.7 · Net buybacks 887.7

500M1000MDividendsNet buybacks

2008201120142017202020232025

Dividends paidUSD 142.7M

Net buybacksUSD 887.7M

Share of profit102.1%

Consecutive raises·

USD 142.7M in dividends and USD 887.7M in buybacks — 102% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 34.5B

EquityUSD 6.4B

CashUSD 820.3M

Gross debtUSD 1.3B

Net debtUSD 496.5M

Net debt stands at 8% of equity.

The 18-year record

18 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative—not applicable◌not available in our data

AXS, 18-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue $B	6.6	6.0	5.6	5.1	5.3	4.8	5.2	5.1	4.6	4.0	4.1	4.3	4.2	3.9	3.8	3.6	2.8	2.8
Operating income $B	1.2	1.0	0.4	0.2	0.7	−0.1	0.3	0.0	−0.4	0.5	0.6	0.8	◌	0.6	0.1	0.9	◌	◌
EBITDA $B	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Income tax $B	0.2	−0.1	0.0	0.0	0.1	−0.0	0.0	−0.0	−0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	1.0	1.1	0.4	0.2	0.6	−0.1	0.3	0.0	−0.4	0.5	0.6	0.8	0.7	0.5	0.0	0.9	0.5	0.4
EPS, diluted $	12.35	12.35	4.02	2.25	6.90	−1.79	3.34	0.00	−4.94	5.08	6.04	7.29	5.93	4.00	0.07	6.02	3.07	2.26
Dividend / sh $	1.76	1.76	1.76	1.73	1.69	1.65	1.61	1.57	1.53	1.43	1.22	1.10	1.02	0.97	0.93	0.86	0.81	0.76
Payout %	14	14	41	67	24	−118	42	310	−37	26	18	15	16	22	446	13	23	27
ROE %	16.2	19.1	7.6	4.4	11.6	−2.2	6.1	0.8	−6.4	8.5	11.0	13.9	12.5	9.8	0.8	15.4	10.0	8.7
Shares out B	0.07	0.08	0.09	0.08	0.08	0.08	0.08	0.08	0.08	0.09	0.10	0.10	0.11	0.12	0.13	0.11	0.13	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

UNH · BRK-A · BRK-B · CI · ELV · CNC

Provenance

Company facts, as filed

How we verify · 0 failures in 52 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Two checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityFire, Marine & Casualty Insurance

Listed onNYSE

Incorporated innot stated in the filings

Fiscal year endsDecember 31

Data on record since2008