NYSE$AXS

AXIS Capital Holdings Limited · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

AXIS Capital reported a net income of $286 million for Q4 2024.

AXIS Capital reported a strong fourth quarter with a net income available to common shareholders of $286 million, or $3.38 per diluted common share, and operating income of $252 million, or $2.97 per diluted common share. The company's combined ratio was 94.2%, and gross premiums written increased by 11%. For the full year 2024, AXIS Capital reported net income available to common shareholders of $1.1 billion, or $12.35 per diluted common share.

  • Net income available to common shareholders for Q4 2024 was $286 million, or $3.38 per diluted common share.
  • Operating income for Q4 2024 was $252 million, or $2.97 per diluted common share.
  • The combined ratio for Q4 2024 was 94.2%.
  • Gross premiums written increased by 11% in Q4 2024.

Headline financials

Total Revenue

$1.47B

Previous: $1.48B-0.6%
EPS (adj)

$2.97

Previous: $2.94+1.0%
Combined Ratio

94.2%

Previous: 124.6%-24.4%
Net Losses & Loss Expenses Ratio

60.4%

Previous: 91.1%-33.7%
Catastrophe & Weather Losses Ratio

5.9%

No prior period
Current AY Loss Ratio ex-Cat

55.7%

No prior period
Prior Year Reserve Dev. Ratio

-1.2%

Previous: -33.6%+96.4%
Acquisition Cost Ratio

20.1%

Previous: 20.1%+0.0%
G&A Expense Ratio

13.7%

Previous: 13.4%+2.2%
Annualized Operating ROACE

18.2%

No prior period
Gross Premiums Written

$1.98B

No prior period
Current AY Combined Ratio

95.4%

Previous: 91.0%+4.8%
Current AY Combined Ratio ex-Cat

89.5%

No prior period
Annualized ROACE

20.7%

No prior period
Net Investment Income

$196M

Previous: $187M+4.7%
Net Income

$294M

Previous: -$143M+305.9%
Operating Income

$252M

Previous: -$107M+335.4%

Revenue & EPS history

AXIS Capital · Revenue · Quarterly

$1.47B

Q4 2024-0.6%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

AXIS Capital · $1.32B total across 2 segments · Q3 2023

  • Insurance
    $886M+13.2%
  • Reinsurance
    $437M-13.1%

Forward guidance

As we progress into 2025, we believe AXIS is poised to build on its positive momentum, while leveraging our specialty expertise to help our customers navigate an increasingly dynamic risk landscape.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.0%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+3.9%

Avg return

30 days after

44%

30 / 68 earnings

Positive

+9.2%

Q4 2022

Best reaction

-6.0%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.5%+0.9%-3.2%
Q4 2025+0.2%+1.0%+1.9%
Q3 2025+5.9%+8.8%+15.9%
Q1 2025+2.3%+2.7%+6.5%
Q4 2024+2.6%-0.3%+7.1%
Q3 2024-2.4%-1.0%+16.0%
Q2 2024+2.7%-0.3%+8.0%
Q1 2024+6.3%+8.7%+20.5%
Q4 2023-4.6%+5.5%+10.1%
Q3 2023-5.4%-5.7%+0.3%
Q2 2023+2.2%+0.7%-0.5%
Q1 2023-1.1%+1.1%-6.6%
Q4 2022+9.2%+6.2%+4.4%
Q3 2022-3.3%+4.9%+9.3%
Q2 2022-3.8%-7.0%+0.0%
Q1 2022+7.0%+4.9%+8.3%
Q4 2021-2.9%+1.6%-0.5%
Q3 2021+2.2%+2.3%-2.9%
Q2 2021-2.0%+1.7%+3.1%
Q1 2021+2.0%+2.8%-1.9%
Q4 2020-5.8%-4.1%-1.8%
Q3 2020-2.0%-4.1%+14.1%
Q2 2020+2.2%-1.7%+16.1%
Q1 2020+2.6%+12.7%+11.8%
Q4 2019+5.6%+4.1%-9.9%
Q3 2019-3.9%-3.7%-3.6%
Q2 2019+3.7%+2.0%+1.8%
Q1 2019-0.9%-1.4%+4.6%
Q4 2018-2.1%+0.5%+4.6%
Q3 2018+5.4%+3.6%-0.2%
Q2 2018-0.7%-2.0%-0.4%
Q1 2018+5.4%+2.9%+0.8%
Q4 2017+2.3%-2.3%+9.5%
Q3 2017-3.1%-3.8%-8.7%
Q2 2017-3.1%-1.4%-4.2%
Q1 2017-0.2%-2.7%-4.0%
Q4 2016+4.2%+4.8%+8.9%
Q3 2016+1.8%+2.4%+10.6%
Q2 2016+3.2%+3.3%+4.5%
Q1 2016-3.0%
Q4 2015-2.3%
Q3 2015-0.3%
Q2 2015-0.8%
Q1 2015+0.3%
Q4 2014-0.1%
Q3 2014-1.2%
Q2 2014-1.4%
Q1 2014-1.8%
Q4 2013-4.7%
Q3 2013+0.4%
Q2 2013-4.3%
Q1 2013+1.3%
Q4 2012-0.7%
Q3 2012-2.1%
Q2 2012-2.6%
Q1 2012+0.5%
Q4 2011-2.1%
Q3 2011+1.2%
Q2 2011-6.0%
Q1 2010-3.2%
Q1 2011+3.0%
Q4 2010-2.5%
Q4 2008-2.5%
Q4 2009-2.5%
Q3 2009+1.6%
Q3 2010+1.6%
Q2 2009-0.2%
Q2 2010-0.2%

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