AXIS Capital Q2 net income rises, delivers record profitability

Overview

• AXIS Capital Q2 net income rises to $216 mln, up from $204 mln in 2024

• Operating income for Q2 reaches $261 mln

• Company reports combined ratio of 88.9%, indicating efficient underwriting practices

Outlook

• Company remains focused on enhancing operations through technology and AI investments

• AXIS Capital emphasizes continued strategy advancement and market value provision

• Company highlights ongoing enhancement of operations via 'How We Work' program

Result Drivers

• REINSURANCE SEGMENT - Steady positive results with a 92% combined ratio

• TECHNOLOGY INVESTMENTS - 'How We Work' program supports growth through technology and AI investments

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the multiline insurance & brokers peer group is "buy"

• Wall Street's median 12-month price target for AXIS Capital Holdings Ltd is $112.00, about 14% above its July 28 closing price of $96.28

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nBwFs7Kga