$AXS
AXIS CAPITAL HOLDINGS LTD
CIK:0001214816|SEC Filings
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues | ||||
| Net premiums earned | $ 1,518,984,000 | $ 1,393,431,000 | $ 2,999,451,000 | $ 2,734,251,000 |
| Net investment income | 181,594,000 | 187,297,000 | 366,333,000 | 395,009,000 |
| Other insurance related income | 5,601,000 | 8,662,000 | 11,249,000 | 12,240,000 |
| Net investment gains: | ||||
| (Increase) decrease in allowance for expected credit losses | 2,571,000 | (2,332,000) | 1,722,000 | (5,062,000) |
| Impairment losses | (116,000) | (400,000) | (383,000) | (2,326,000) |
| Other realized and unrealized investment gains | 44,280,000 | 46,200,000 | 18,175,000 | 20,850,000 |
| Total net investment gains | 46,735,000 | 43,468,000 | 19,514,000 | 13,462,000 |
| Total revenues | 1,752,914,000 | 1,632,858,000 | 3,396,547,000 | 3,154,962,000 |
| Expenses | ||||
| Net losses and loss expenses | 933,130,000 | 801,754,000 | 1,800,412,000 | 1,587,679,000 |
| Acquisition costs | 316,268,000 | 275,897,000 | 620,524,000 | 540,477,000 |
| General and administrative expenses | 164,889,000 | 161,078,000 | 323,046,000 | 320,241,000 |
| Foreign exchange losses (gains) | (2,344,000) | 94,885,000 | (38,539,000) | 151,920,000 |
| Interest expense and financing costs | 16,838,000 | 16,586,000 | 33,265,000 | 33,158,000 |
| Reorganization expenses | 5,546,000 | 0 | 28,715,000 | 0 |
| Amortization of intangible assets | 2,396,000 | 2,396,000 | 4,792,000 | 5,125,000 |
| Total expenses | 1,436,723,000 | 1,352,596,000 | 2,772,215,000 | 2,638,600,000 |
| Income before income taxes and interest in income (loss) of equity method investments | 316,191,000 | 280,262,000 | 624,332,000 | 516,362,000 |
| Income tax expense | (61,404,000) | (56,199,000) | (117,211,000) | (100,521,000) |
| Interest in income (loss) of equity method investments | 3,308,000 | (705,000) | 5,738,000 | 1,586,000 |
| Net income | 258,095,000 | 223,358,000 | 512,859,000 | 417,427,000 |
| Preferred share dividends | 7,563,000 | 7,563,000 | 15,125,000 | 15,125,000 |
| Net income available to common shareholders | $ 250,532,000 | $ 215,795,000 | $ 497,734,000 | $ 402,302,000 |
| Earnings per common share: | ||||
| Earnings per common share (in usd per share) | $ 3.41 | $ 2.75 | $ 6.74 | $ 5.04 |
| Earnings per diluted common share (in usd per share) | $ 3.38 | $ 2.72 | $ 6.67 | $ 4.98 |
| Weighted average common shares outstanding (in shares) | 73,549 | 78,378 | 73,821 | 79,757 |
| Weighted average diluted common shares outstanding (in shares) | 74,203 | 79,329 | 74,677 | 80,845 |