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Bermuda-based specialty insurer and reinsurer covering property, casualty and specialty commercial risks worldwide.
Bermuda-based specialty insurer and reinsurer covering property, casualty and specialty commercial risks worldwide.
Earns premiums for taking on other people's risks, either insuring businesses directly, mostly through brokers, or reinsuring, which means insuring other insurers' books. Profit is what remains of premiums after claims and costs. Casualty claims can take years to settle, so the premiums held in the meantime earn investment income that supports results.
Moat: narrow (underwriting discipline, scale). Bermuda/Lloyd's platform and broker access support diversified specialty underwriting in a competitive market.
Headquarters: Pembroke, Bermuda · Founded: 2001 · Employees: 1,966
Size Axis Capital (AXS) is a United States Financials company (Multi-Line Insurance) with a market value of $7.60B, the 919th largest of 3,117 United States companies the cockpit tracks. Shares closed at $105.97 on 6 Nov 2026.
Performance Over six months the shares gained 6.6%, against +5.4% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 21 in its peer set.
Growth Revenue grew 10.2% over the last twelve months (peer median +6.9%); the operating margin is 18.3% (peer median 14.1%).
Valuation It trades at 1.33× book value against a peer median of 1.25× (9th most expensive of 21).
Price implies The share price implies a return on equity of about 8.1%; Axis Capital delivers 16.0%, so the price asks less than the business earns today.
Credit Axis Capital has 4 bonds outstanding ($1.32B), rated A- by the agencies and trading like BBB at a weighted spread of 98 bp.
Short interest Short interest is 3.1% of the free float (15 Oct 2026).
Next results Next results expected around 27 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.93B | $6.51B | $5.97B | $5.62B | $5.26B |
| Revenue growth | — | +9% | +6% | +7% | — |
| Net income | $1.01B | $1.01B | $1.08B | $376M | $223M |
| Free cash flow | $2.66B | -$40.9M | $1.84B | $1.26B | $798M |
| Capital expenditure | $55.6M | $51.3M | $17.4M | $31.1M | $36.8M |
| Total debt | $1.47B | $1.49B | $1.49B | $1.52B | $1.50B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Axis Capital AXS | $7.60B | +7% | +10% | 16% | 1.33× | 8.1% |
| Arch Capital ACGL | $36.6B | +14% | -5% | 19% | 1.58× | 8.3% |
| RenaissanceRe RNR | $14.0B | +16% | -21% | 13% | 1.34× | 7.5% |
| Everest EG | $15.2B | +18% | -9% | 13% | 1.08× | 6.6% |
| W. R. Berkley WRB | $27.9B | +16% | +1% | 19% | 2.91× | 12.8% |
| Markel MKL | $23.7B | +7% | -1% | 10% | 1.28× | 9.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AXS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.7% | +1.6% | 4th highest of 21 |
| 6-month return | +6.6% | +5.4% | 10th highest of 21 |
| Return on equity | 16.0% | 14.6% | 10th highest of 21 |
| Price / book | 1.33× | 1.25× | 9th most expensive of 21 |
| Trailing P/E | 8.1× | 10.6× | 7th cheapest of 21 |
| ROE the price implies | 8.1% | 8.1% | 9th least demanding of 21 |
| ROE delivered | 16.0% | 14.4% | 9th highest of 20 |
| Bond spread | 98 bp | 104 bp | 6th tightest of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Axis Capital AXS | United States | $7.60B | +7% | +10% | 16% | 1.33× | 8.1% | 16.0% |
| Lincoln National LNC | United States | $7.67B | +12% | +12% | 23% | 0.74× | 8.6% | 22.6% |
| Great Eastern G07.SI | Singapore | $7.47B | +21% | +27% | 15% | 1.73× | 11.4% | 14.8% |
| Hiscox HSX.L | United Kingdom | $8.08B | +18% | +4% | 17% | 2.06× | 15.1% | 16.6% |
| China Taiping Insurance 0966.HK | Hong Kong | $8.28B | -24% | +19% | 36% | 0.63× | 8.1% | 36.2% |
| Db Insurance 005830.KS | South Korea | $6.90B | +2% | -14% | 17% | 0.85× | 5.1% | 17.0% |
| Kinsale Capital KNSL | United States | $8.64B | +26% | +8% | 28% | 4.70× | 30.6% | 27.8% |
| China Reinsurance (Group) 1508.HK | Hong Kong | $6.64B | -5% | +11% | 10% | 0.40× | 5.5% | 9.7% |
| Enact ACT | United States | $6.38B | +5% | +2% | 13% | 1.19× | 7.9% | 12.9% |
| RLI RLI | United States | $6.27B | +39% | +6% | 22% | 3.70× | 15.4% | 22.1% |
| Sony Financial 8729.T | Japan | $6.06B | +1% | -10% | 14% | 1.08× | 5.1% | 14.4% |
| FWD 1828.HK | Hong Kong | $5.54B | +7% | +24% | 4% | 0.92× | 7.3% | 4.1% |
| Sunshine Insurance 6963.HK | Hong Kong | $5.35B | 0% | +8% | 14% | 0.66× | 5.4% | 13.7% |
| White Mountains Insurance WTM | United States | $5.35B | +5% | +21% | 22% | 0.99× | 6.3% | 21.9% |
| CNO Financial CNO | United States | $5.09B | +20% | +2% | 17% | 2.19× | 16.0% | 16.9% |
| Aditya Birla Capital ABCAPITAL.NS | India | $11.5B | +8% | +24% | 12% | 2.56× | 41.9% | 12.1% |
| Globe Life GL | United States | $12.1B | +4% | +6% | 21% | 2.08× | 11.7% | n/a |
| Unum UNM | United States | $12.2B | -5% | -5% | 3% | 1.52× | 8.1% | 2.6% |
| Aegon AGN.AS | Netherlands | $12.7B | +4% | +16% | 10% | 1.25× | 8.2% | 10.5% |
| CNA Financial CNA | United States | $12.8B | +9% | +2% | 10% | 1.25× | 7.2% | 9.6% |
| Mapfre MAP.MC | Spain | $14.1B | -2% | +5% | 12% | 1.26× | 8.4% | 12.4% |
Axis Capital has 4 bonds outstanding with $1.32B face value. The agencies rate it A-; its bonds trade like BBB. Weighted yield 5.66%, a spread of 98 bp over government bonds.