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Axis Capital Holders AXS Insurance — Gross outstanding liabilities

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Other financials

Income statement

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Revenue$1.8B+7.4%
Net income$258.1M+15.6%
EPS (diluted)$3.38+24.3%

Balance sheet

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Cash & equivalents$780.0M-8.5%
Total debt$108.3M+1.7%
Total equity$6.5B+5.3%
Total assets$36.6B+7.2%

Cash flow

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Operating cash flow$631.5M+138%
CapEx$14.2M+17.4%
Free cash flow$617.4M+137%

Valuation

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Market cap$7.61B+2.1%
Enterprise value$6.94B+3.5%
P/E6.9×-1.5×
P/S1.1×-0.1×

Profitability

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Net margin16.2%+1.9pp
FCF margin-6.9%-33.2pp

Returns & leverage

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Return on equity17.4%+2.4pp
Debt / equity0.0×

Where this comes from

Reported directly by Axis Capital Holders in its filing.

Tagged under the XBRL concept axs:ShortDurationInsuranceContractsLiabilityForUnpaidClaimsAndAllocatedClaimAdjustmentExpenseGross.

The source filing: Axis Capital Holders’s 10-K, filed February 27, 2026.

Filed
Feb 27, 2026, 7:58 AM EST
Fiscal year
FY2025
Accession
0001214816-26-000097
Line itemNet outstanding liabilitiesReinsurance recoverable on unpaid claimsGross outstanding liabilities
Property$972,298$526,407$1,498,705
Casualty4,015,6943,918,4237,934,117
Specialty other1,214,988438,8001,653,788
Total insurance segment6,202,9804,883,63011,086,610
Reinsurance segment
Casualty3,474,0873,297,2886,771,375
Specialty887,968402,5741,290,542
Run-off449,075368,271817,346

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Axis Capital Holders's insurance — gross outstanding liabilities?
Axis Capital Holders (AXS) reported insurance — gross outstanding liabilities of $11.09B in Q4 2025.
How has Axis Capital Holders's insurance — gross outstanding liabilities changed year-over-year?
Axis Capital Holders's insurance — gross outstanding liabilities increased by 5.2% year-over-year, from $10.54B to $11.09B.
What does insurance — gross outstanding liabilities mean?
Represents the total estimated gross liability for claims that have been reported but not yet settled, plus estimates for claims incurred but not reported. This figure indicates the total potential payout obligation for the insurance segment before accounting for reinsurance recoveries.

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