What is Axis Capital Holders's insurance — loss ratio?

Axis Capital Holders (AXS) reported insurance — loss ratio of 59.5% in Q2 2026.

How has Axis Capital Holders's insurance — loss ratio changed year-over-year?

Axis Capital Holders's insurance — loss ratio increased by 9.4% year-over-year, from 54.4% to 59.5%.

What does insurance — loss ratio mean?

The loss ratio represents the proportion of net premiums earned that is consumed by net losses and loss adjustment expenses. It is a primary indicator of underwriting profitability and the effectiveness of risk selection within the insurance segment.

Axis Capital Holders (AXS) Insurance — Loss Ratio

Screener

Other segment segments

Reinsurance

68.2%+2.4%

Similar metrics at other companies

SPNTReinsurance — Loss Ratio

54.5%-2.1pp

SPNTInsurance & Services — Loss Ratio

56.7%0.0pp

NOD

NODKCrop — Loss Ratio

103.4%-29.3pp

RNRProperty — Loss Ratio

-0.8%-0.1pp

HGBermuda — Loss Ratio

57.5%-39.1pp

NOD

NODKAll Other — Loss Ratio

15.7%-21.4pp

Other financials

Income statement

See full

Revenue$1.8B+7.4%

Net income$258.1M+15.6%

EPS (diluted)$3.38+24.3%

Balance sheet

See full

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

See full

Operating cash flow$631.5M+138%

CapEx$14.2M+17.4%

Free cash flow$617.4M+137%

Valuation

See full

Market cap$7.61B+2.1%

Enterprise value$6.94B+3.5%

P/E6.9×-1.5×

P/S1.1×-0.1×

Profitability

See full

Net margin16.2%+1.9pp

FCF margin-6.9%-33.2pp

Returns & leverage

See full

Return on equity17.4%+2.4pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Axis Capital Holders in its filing.

Tagged under the XBRL concept us-gaap:LossRatio.

The source filing: Axis Capital Holders’s 10-Q, filed July 28, 2026.

Filed: Jul 28, 2026, 4:37 PM EDT
Fiscal quarter: Q2 FY2026
Calendar quarter: Q2 2026
Accession: 0001214816-26-000203

Three months ended and at June 30,	2026 / Insurance	2026 / Reinsurance	2026 / Total	2025 / Insurance	2025 / Reinsurance	2025 / Total
Net income available to common shareholders			$250,532			$215,795
Current accident year loss ratio	60.5%	69.1%	62.4%	55.9%	68.0%	59.0%
Prior year reserve development ratio	(1.0%)	(0.9%)	(1.0%)	(1.5%)	(1.4%)	(1.5%)
Net losses and loss expenses ratio	59.5%	68.2%	61.4%	54.4%	66.6%	57.5%
Acquisition cost ratio	20.1%	23.3%	20.8%	18.9%	22.5%	19.8%
General and administrative expense ratio	10.4%	3.0%	10.9%	12.0%	2.9%	11.6%
Combined ratio	90.0%	94.5%	93.1%	85.3%	92.0%	88.9%
Goodwill and intangible assets	$227,756	—	$227,756	$237,340	—	$237,340

ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS

FAQ

What is Axis Capital Holders's insurance — loss ratio?: Axis Capital Holders (AXS) reported insurance — loss ratio of 59.5% in Q2 2026.
How has Axis Capital Holders's insurance — loss ratio changed year-over-year?: Axis Capital Holders's insurance — loss ratio increased by 9.4% year-over-year, from 54.4% to 59.5%.
What does insurance — loss ratio mean?: The loss ratio represents the proportion of net premiums earned that is consumed by net losses and loss adjustment expenses. It is a primary indicator of underwriting profitability and the effectiveness of risk selection within the insurance segment.