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Axis Capital Holders AXS Insurance — Acquisition cost ratio (as a percent)

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ACGLInsurance — Acquisition expense ratio
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$375M+9.3%
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ACGLReinsurance — Acquisition expense ratio
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ORIUnderwriting Acquisition And Other Expenses
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ACGLInsurance — Combined Ratio Percentage
96.5%-3.6pp

Other financials

Income statement

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Revenue$1.6B+8.0%
Net income$254.8M+31.3%
EPS (diluted)$3.29+45.6%

Balance sheet

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Cash & equivalents$862.4M-68.7%
Total debt$110.2M+2.7%
Total equity$6.4B+8.1%
Total assets$35.6B+7.1%

Cash flow

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Operating cash flow$519.4M+68.0%
CapEx$14.4M+97.9%
Free cash flow$505.0M+67.3%

Valuation

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Market cap$7.45B-7.4%
Enterprise value$6.69B+23.9%
P/E-2.2×
P/S1.1×-0.2×

Profitability

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Net margin16%+1.5pp
FCF margin-6.9%-32.6pp

Returns & leverage

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Return on equity17.4%+2.0pp
Debt / equity0.0×

Where this comes from

Reported directly by Axis Capital Holders in its filing.

Tagged under the XBRL concept us-gaap:AcquisitionCostRatio.

The official record: Axis Capital Holders’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Axis Capital Holders's insurance — acquisition cost ratio (as a percent)?
Axis Capital Holders (AXS) reported insurance — acquisition cost ratio (as a percent) of 19.6% in Q1 2026.
How has Axis Capital Holders's insurance — acquisition cost ratio (as a percent) changed year-over-year?
Axis Capital Holders's insurance — acquisition cost ratio (as a percent) increased by 2.1% year-over-year, from 19.2% to 19.6%.
What is the long-term trend for Axis Capital Holders's insurance — acquisition cost ratio (as a percent)?
Over 2 years (2021 to 2025), Axis Capital Holders's insurance — acquisition cost ratio (as a percent) has grown at a 2.5% compound annual growth rate (CAGR), from 54.4% to 57.1%.
What does insurance — acquisition cost ratio (as a percent) mean?
This ratio calculates the percentage of net premiums earned that is allocated to the costs of acquiring new business, such as commissions and brokerage fees. It provides insight into the efficiency of the company's distribution channels and market competitiveness.