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AXIS Capital Reports $202 Million Third-Quarter Net Income

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AXIS Capital Holdings Limited (NYSE: AXS) reported third-quarter 2026 net income of $209 million, or $2.77 per common share and $2.75 per diluted common share. Total revenue was $1.79 billion for the quarter ended September 30, 2026.

Net income available to common shareholders was $202 million, down 32% from the prior-year quarter. Gross premiums written increased 11% to $2.4 billion, while the consolidated combined ratio was 94.0%.

  • Net premiums earned rose to $1.62 billion from $1.45 billion a year earlier.
  • Insurance segment gross premiums written increased 13% to $1.91 billion.
  • Reinsurance segment gross premiums written increased 4% to $449 million.
  • Net investment income increased 14% to $211 million.
  • Book value per diluted common share was $79.06 at September 30, 2026.
  • The company returned $141 million to common shareholders during the quarter, including $109 million in share repurchases and $32 million in dividends.

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