AXIS Reports Q1 Revenue of $1.64B, Below Consensus
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
0mins
Should l Buy AXS?
Reports Q1 revenue $1.64B, consensus $1.81B. The company said, "AXIS began 2026 building on the profitable growth that has defined our performance over the past three years. In the quarter, we produced gross premiums written of $3.1 billion, which represents an 11% increase year-over-year, with an 89.8% combined ratio. This translates to a 17.7% annualized operating return on average common equity, with 17.6% diluted book value per share growth over the past twelve months."
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Analyst Views on AXS
Wall Street analysts forecast AXS stock price to rise
9 Analyst Rating
7 Buy
2 Hold
0 Sell
Strong Buy
Current: 99.390
Low
110.00
Averages
124.22
High
141.00
Current: 99.390
Low
110.00
Averages
124.22
High
141.00
About AXS
AXIS Capital Holdings Limited is a holding company. The Company, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions with operations in Bermuda, the United States, Europe, Singapore, and Canada. Its underwriting operations are organized around its global underwriting platforms: AXIS Insurance and AXIS Re. It operates through two segments: insurance and reinsurance. The insurance segment offers specialty insurance products to a variety of niche markets on a worldwide basis. The product lines in this segment are professional lines, property, liability, cyber, marine and aviation, accident and health, and credit and political risk. The reinsurance segment provides treaty reinsurance to insurance companies on a worldwide basis. The product lines in this segment are liability, accident and health, professional lines, credit and surety, motor, agriculture, marine and aviation, catastrophe, property, and engineering.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
AXIS Capital Q1 2026 Earnings Highlights
- Strong Start: AXIS Capital reported a diluted EPS of $3.29 and net income of $247 million in Q1 2026, demonstrating the company's profitability and market adaptability in its insurance business despite facing market pressures.
- Premium Growth: The total insurance premiums reached $1.98 billion in the first quarter, up approximately 20% year-over-year, with a combined ratio of 86.3%, indicating AXIS's success in core execution and expanding business classes, enhancing its competitive position.
- Cautious Underwriting Strategy: Despite a 13% decline in property insurance pricing, AXIS maintains strict requirements for underwriting returns, ensuring new business meets expected return standards, showcasing the company's resilience in uncertain markets.
- Shareholder Returns: In Q1, AXIS returned $93 million to shareholders through dividends and share repurchases, reflecting the company's balance between ongoing investments and shareholder returns, further boosting investor confidence.
See More
Bitcoin Stays in Tight Trading Range as APE, AXS, and KAT Experience Largest Liquidations
Bitcoin Trading Range: Over the weekend, Bitcoin entered a narrow trading range, indicating a period of consolidation in the market.
High-Volatility Coins: High-volatility coins became the focus of market liquidity games, attracting attention from traders.
Top Liquidation Rankings: According to Coinglass data, APE, AXS, and KAT secured the top three positions in the liquidation rankings within the last 12 hours.
Market Positioning: These coins ranked 1st, 2nd, and 4th respectively, highlighting their significant activity in the market during this timeframe.
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Five Attractive Value Stocks with Impressive EV-to-EBITDA Ratios
- Matador Resources: As a leading oil and gas explorer in the U.S., Matador Resources has an expected year-over-year earnings growth rate of 312% for 2026, with the Zacks consensus estimate for its earnings revised up by 73.3% over the past 60 days, indicating strong profitability and market appeal.
- Pampa Energia: This independent energy-integrated company in Argentina has an expected year-over-year earnings growth rate of 24.1% for 2026, and its earnings consensus estimate has been revised upward by 0.7% in the last 60 days, reflecting robust performance in the energy sector.
- Occidental Petroleum: As an integrated oil and gas company, Occidental Petroleum is projected to have a year-over-year earnings growth rate of 40.3% for 2026, with its earnings consensus estimate revised up by 377% over the past 60 days, showcasing its competitive edge and investment attractiveness in the industry.
- First American Financial: Focused on real estate transactions, First American Financial has an expected earnings growth rate of 5.5% for 2026, with its earnings consensus estimate revised up by 3.4% in the past 60 days, demonstrating stability and growth potential in the real estate market.
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Surge in Options Trading Volume for Coinbase and AXIS Capital
- Coinbase Options Volume: Coinbase Global Inc saw options trading volume of 115,512 contracts, equating to approximately 11.6 million shares, which represents about 89.9% of its average daily trading volume over the past month, indicating strong market interest in its future performance.
- High-Frequency Contracts: Notably, the $202.50 strike call option expiring on April 2, 2026, has seen 6,983 contracts traded today, representing around 698,300 underlying shares of COIN, suggesting bullish sentiment among investors at this price level.
- AXIS Options Activity: AXIS Capital Holdings Ltd experienced options trading volume of 3,765 contracts, translating to approximately 376,500 shares, which is about 70.9% of its average daily trading volume over the past month, reflecting investor interest in its stock.
- AXIS High-Frequency Contracts: The $110 strike call option expiring on April 17, 2026, has seen 3,741 contracts traded today, representing approximately 374,100 shares of AXS, indicating optimistic expectations for AXIS's future performance.
See More
Investors Focus on Attractive EV/EBITDA Ratios
- Valuation Tool Comparison: While the price-to-earnings (P/E) ratio is popular among investors, the EV-to-EBITDA ratio is considered superior due to its comprehensive valuation approach, particularly in assessing potential acquisition targets, as it better reflects a company's true value and earnings potential.
- Industry Performance Variance: The EV-to-EBITDA ratio varies significantly across industries, with high-growth sectors typically exhibiting higher multiples, thus caution is advised when making cross-industry comparisons to avoid misleading investment decisions.
- Company Growth Expectations: Eni S.p.A. anticipates a year-over-year growth rate of 10.3% for 2026, while Sanmina Corp. boasts an impressive expected growth rate of 66.5%, and FirstSun Capital Bancorp and First American Financial Corp. project growth rates of 13.8% and 5%, respectively, indicating strong future profitability potential for these firms.
- Investment Strategy Recommendation: Investors are advised to combine EV-to-EBITDA with other major valuation ratios such as price-to-book (P/B) and price-to-sales (P/S) to comprehensively screen for value stocks, thereby enhancing the likelihood of investment success.
See More
Axis Capital Declares Quarterly Dividend of $0.44
- Quarterly Dividend Announcement: Axis Capital Holdings declares a quarterly dividend of $0.44 per share, consistent with previous distributions, indicating stable cash flow and shareholder return strategy, which is expected to bolster investor confidence.
- Dividend Yield: The forward yield of 1.68% reflects the company's attractiveness in the current market environment, potentially drawing in investors seeking stable income.
- Earnings Performance Beat: Axis Capital reported a non-GAAP EPS of $3.25, beating expectations by $0.13, with revenue of $1.73 billion exceeding forecasts by $400 million, demonstrating the company's ongoing competitiveness and profitability.
- Future Growth Outlook: The company anticipates mid- to high single-digit premium growth for 2026 while investing in technology and new business lines, showcasing its proactive positioning for future market opportunities.
See More
AXIS Capital Q1 2026 Earnings Highlights
- Strong Start: AXIS Capital reported a diluted EPS of $3.29 and net income of $247 million in Q1 2026, demonstrating the company's profitability and market adaptability in its insurance business despite facing market pressures.
- Premium Growth: The total insurance premiums reached $1.98 billion in the first quarter, up approximately 20% year-over-year, with a combined ratio of 86.3%, indicating AXIS's success in core execution and expanding business classes, enhancing its competitive position.
- Cautious Underwriting Strategy: Despite a 13% decline in property insurance pricing, AXIS maintains strict requirements for underwriting returns, ensuring new business meets expected return standards, showcasing the company's resilience in uncertain markets.
- Shareholder Returns: In Q1, AXIS returned $93 million to shareholders through dividends and share repurchases, reflecting the company's balance between ongoing investments and shareholder returns, further boosting investor confidence.
See More
Bitcoin Stays in Tight Trading Range as APE, AXS, and KAT Experience Largest Liquidations
Bitcoin Trading Range: Over the weekend, Bitcoin entered a narrow trading range, indicating a period of consolidation in the market.
High-Volatility Coins: High-volatility coins became the focus of market liquidity games, attracting attention from traders.
Top Liquidation Rankings: According to Coinglass data, APE, AXS, and KAT secured the top three positions in the liquidation rankings within the last 12 hours.
Market Positioning: These coins ranked 1st, 2nd, and 4th respectively, highlighting their significant activity in the market during this timeframe.
See More
Five Attractive Value Stocks with Impressive EV-to-EBITDA Ratios
- Matador Resources: As a leading oil and gas explorer in the U.S., Matador Resources has an expected year-over-year earnings growth rate of 312% for 2026, with the Zacks consensus estimate for its earnings revised up by 73.3% over the past 60 days, indicating strong profitability and market appeal.
- Pampa Energia: This independent energy-integrated company in Argentina has an expected year-over-year earnings growth rate of 24.1% for 2026, and its earnings consensus estimate has been revised upward by 0.7% in the last 60 days, reflecting robust performance in the energy sector.
- Occidental Petroleum: As an integrated oil and gas company, Occidental Petroleum is projected to have a year-over-year earnings growth rate of 40.3% for 2026, with its earnings consensus estimate revised up by 377% over the past 60 days, showcasing its competitive edge and investment attractiveness in the industry.
- First American Financial: Focused on real estate transactions, First American Financial has an expected earnings growth rate of 5.5% for 2026, with its earnings consensus estimate revised up by 3.4% in the past 60 days, demonstrating stability and growth potential in the real estate market.
See More
Surge in Options Trading Volume for Coinbase and AXIS Capital
- Coinbase Options Volume: Coinbase Global Inc saw options trading volume of 115,512 contracts, equating to approximately 11.6 million shares, which represents about 89.9% of its average daily trading volume over the past month, indicating strong market interest in its future performance.
- High-Frequency Contracts: Notably, the $202.50 strike call option expiring on April 2, 2026, has seen 6,983 contracts traded today, representing around 698,300 underlying shares of COIN, suggesting bullish sentiment among investors at this price level.
- AXIS Options Activity: AXIS Capital Holdings Ltd experienced options trading volume of 3,765 contracts, translating to approximately 376,500 shares, which is about 70.9% of its average daily trading volume over the past month, reflecting investor interest in its stock.
- AXIS High-Frequency Contracts: The $110 strike call option expiring on April 17, 2026, has seen 3,741 contracts traded today, representing approximately 374,100 shares of AXS, indicating optimistic expectations for AXIS's future performance.
See More
Investors Focus on Attractive EV/EBITDA Ratios
- Valuation Tool Comparison: While the price-to-earnings (P/E) ratio is popular among investors, the EV-to-EBITDA ratio is considered superior due to its comprehensive valuation approach, particularly in assessing potential acquisition targets, as it better reflects a company's true value and earnings potential.
- Industry Performance Variance: The EV-to-EBITDA ratio varies significantly across industries, with high-growth sectors typically exhibiting higher multiples, thus caution is advised when making cross-industry comparisons to avoid misleading investment decisions.
- Company Growth Expectations: Eni S.p.A. anticipates a year-over-year growth rate of 10.3% for 2026, while Sanmina Corp. boasts an impressive expected growth rate of 66.5%, and FirstSun Capital Bancorp and First American Financial Corp. project growth rates of 13.8% and 5%, respectively, indicating strong future profitability potential for these firms.
- Investment Strategy Recommendation: Investors are advised to combine EV-to-EBITDA with other major valuation ratios such as price-to-book (P/B) and price-to-sales (P/S) to comprehensively screen for value stocks, thereby enhancing the likelihood of investment success.
See More
Axis Capital Declares Quarterly Dividend of $0.44
- Quarterly Dividend Announcement: Axis Capital Holdings declares a quarterly dividend of $0.44 per share, consistent with previous distributions, indicating stable cash flow and shareholder return strategy, which is expected to bolster investor confidence.
- Dividend Yield: The forward yield of 1.68% reflects the company's attractiveness in the current market environment, potentially drawing in investors seeking stable income.
- Earnings Performance Beat: Axis Capital reported a non-GAAP EPS of $3.25, beating expectations by $0.13, with revenue of $1.73 billion exceeding forecasts by $400 million, demonstrating the company's ongoing competitiveness and profitability.
- Future Growth Outlook: The company anticipates mid- to high single-digit premium growth for 2026 while investing in technology and new business lines, showcasing its proactive positioning for future market opportunities.
See More
