AXIS reported FY 2025 net income available to common shareholders of USD 979 million (USD 12.52 per common share; USD 12.35 per diluted common share) and operating income of USD 1.0 billion (USD 12.92 per diluted common share). Gross premiums written rose 7% to USD 9.6 billion, with net premiums written up 6% to USD 6.1 billion and net premiums earned up 8% to USD 5.7 billion. Underwriting income was USD 725 million with an 89.8% combined ratio, while net investment income was USD 767 million and net investment gains were USD 59 million. Pre-tax catastrophe and weather-related losses, net of reinsurance, were USD 159 million (2.8 points), and the company recorded net favorable prior year reserve development of USD 87 million; foreign exchange losses were USD 142 million. AXIS ended FY 2025 with total cash and investments of USD 17.2 billion and total assets of USD 34.5 billion; common shareholders’ equity was USD 5.8 billion (book value per diluted common share of USD 77.20). During the year, AXIS repurchased 10 million common shares for USD 914 million. The company also highlighted the completion on April 24, 2025 of a loss portfolio transfer with Enstar, paying USD 2.0 billion of consideration; at December 31, 2025, collateral in the related trust and other arrangements totaled USD 2.0 billion, and reinsurance recoverable on unpaid losses associated with the transaction was USD 1.8 billion. AXIS also cited the impact of Bermuda corporate income tax developments, including a USD 19 million Bermuda deferred tax benefit in FY 2025.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Axis Capital Holdings Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001214816-26-000097), on February 27, 2026, and is solely responsible for the information contained therein.
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