AXS · XBRL financial data
Axis Capital Holdings financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (AXS's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 4,842 | 5,322 | 5,135 | 5,643 | 5,958 | 6,564 |
| Selling, general and administrative | 580 | 663 | 680 | 684 | 666 | 704 |
| Other operating income (expense) | (8) | 23 | 13 | 22 | 31 | 23 |
| Interest expense | 75 | 62 | 63 | 68 | 68 | 67 |
| Income tax expense (benefit) | (12) | 62 | 22 | 26 | (56) | 217 |
| Net income (loss) | (120) | 619 | 223 | 376 | 1,082 | 1,009 |
| Earnings per share, basic USD per share | (1.79) | 6.95 | 2.27 | 4.06 | 12.49 | 12.52 |
| Earnings per share, diluted USD per share | (1.79) | 6.90 | 2.25 | 4.02 | 12.35 | 12.35 |
| Weighted average shares, basic millions of shares | 84 | 85 | 85 | 85 | 84 | 78 |
| Weighted average shares, diluted millions of shares | 84 | 85 | 86 | 86 | 85 | 79 |
Balance sheet
CSVFiscal years (AXS's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 903 | 845 | 751 | 953 | 2,143 | 820 |
| Right-of-use asset | 124 | 103 | 92 | 108 | 93 | 94 |
| Goodwill | 101 | 101 | 101 | 101 | 66 | 66 |
| Total assets | 25,878 | 27,369 | 27,596 | 30,251 | 32,520 | 34,462 |
| Total liabilities | 20,582 | 21,958 | 22,956 | 24,987 | 26,431 | 28,105 |
| Retained earnings | 5,764 | 6,205 | 6,247 | 6,441 | 7,342 | 8,182 |
| Total stockholders' equity | 5,296 | 5,411 | 4,640 | 5,263 | 6,089 | 6,356 |
| Total liabilities and equity | 25,878 | 27,369 | 27,596 | 30,251 | 32,520 | 34,462 |
| Common shares outstanding (cover page) millions of shares | 84 | 85 | 85 | 84 | 81 | 74 |
Cash flows
CSVFiscal years (AXS's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | (120) | 619 | 223 | 376 | 1,082 | 1,009 |
| Stock-based compensation | 29 | 38 | 48 | 54 | 43 | 45 |
| Net cash from operating activities | 344 | 1,115 | 692 | 1,256 | 1,845 | (41) |
| Net cash from investing activities | 490 | (1,114) | (656) | (856) | 280 | (629) |
| Share repurchases | 0 | 0 | 35 | 0 | 200 | 888 |
| Dividends paid | 142 | 146 | 149 | 154 | 152 | 143 |
| Net cash from financing activities | (909) | (186) | (150) | (202) | (417) | (1,087) |
| Net change in cash | (73) | (186) | (143) | 209 | 1,680 | (1,742) |
Compare with peers
SIC 6331 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6331 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Axis Capital Holdings | 1,038 | 1,790 | 878* | 71.7M | — | 10-QSep 30, 2026 |
| American Financial Group | 1,438 | 2,030 | 92* | 82.9M | — | 10-QJun 30, 2026 |
| Kinsale Capital Group | 161 | 455 | 264* | 22.5M | — | 10-QSep 30, 2026 |
| Hanover Insurance Group | 506 | 1,736 | 520* | 34.4M | — | 10-QSep 30, 2026 |
| Renaissancere Holdings | 1,098 | 1,691 | 795* | 40.4M | — | 10-QSep 30, 2026 |
| Rli | 46 | 477 | 195* | 91.7M | — | 10-QSep 30, 2026 |
| Selective Insurance Group | 0.9 | 1,326 | 367* | 59.0M | — | 10-QSep 30, 2026 |
| Everest Group | 987 | 3,713 | 667* | 37.0M | — | 10-QSep 30, 2026 |
| White Mountains Insurance Group | 128 | 845 | (56)* | 2.4M | 2.3 quarters | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.