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AI brief of an SEC Form 8-K · AXIS CAPITAL HOLDINGS LTD (AXS)

AXIS Capital Q3 net income falls 32% to $202 million as premiums rise 11%

Mixed Impact 3 of 5 earnings Written later

AXIS Capital reported third quarter 2026 net income available to common shareholders of $202 million, or $2.75 per diluted share, down 32% from the prior year quarter. Gross premiums written rose 11% to $2.4 billion, but the combined ratio rose to 94.0% from 89.4%, and underwriting income fell 29% to $134 million, which weighs on shareholder earnings.

Key points

  • Net income available to common shareholders was $202 million, down $92 million, or 32%; operating income was $229 million, or $3.12 per diluted share, down 10%
  • Underwriting income was $134 million, down $55 million, or 29%; the combined ratio was 94.0% versus 89.4% a year earlier
  • Gross premiums written rose 11% to $2.4 billion; catastrophe and weather-related losses were $75 million in the quarter
  • Book value per diluted share was $79.06 at September 30, 2026; the company returned $141 million to common shareholders, including $109 million of share repurchases

The filing

CompanyAXIS CAPITAL HOLDINGS LTD (AXS)
Form8-K, current report
Filed with the SECOct 28, 2026, 4:45 PM ET
Accession number0001214816-26-000213

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.