What is Axis Capital Holders's reinsurance — year 6?

Axis Capital Holders (AXS) reported reinsurance — year 6 of 9.5% in Q4 2025.

What does reinsurance — year 6 mean?

This metric represents the prior year reserve development ratio, which measures the impact of changes in estimates for claims incurred in previous periods. A negative ratio indicates favorable development, where reserves were redundant, while a positive ratio indicates unfavorable development. It is a key indicator of the accuracy of historical loss reserving practices.

Axis Capital Holders (AXS) Reinsurance — Year 6

Screener

Other segment segments

Insurance

10.8%—

Similar metrics at other companies

AFGProperty and casualty insurance — Year 6

6.9%-4.3pp

CNAInternational — Year 6

6.5%—

ESN

ESNTProperty Insurance Product Line — Year 6

2%0.0pp

CNASurety — Year 6

9.2%+3.0pp

UFCSPersonal — Year 6

0.3%-0.1pp

GLRECasualty — Year 6

24.6%-1.8pp

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 / equity0×0.0×

Where this comes from

Reported directly by Axis Capital Holders in its filing.

Tagged under the XBRL concept us-gaap:ShortdurationInsuranceContractsHistoricalClaimsDurationYearSix.

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

Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
8.7%	11.6%	11.4%	10.8%	9.6%	9.5%	7.9%	6.7%	6.4%	4.3%

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is Axis Capital Holders's reinsurance — year 6?: Axis Capital Holders (AXS) reported reinsurance — year 6 of 9.5% in Q4 2025.
What does reinsurance — year 6 mean?: This metric represents the prior year reserve development ratio, which measures the impact of changes in estimates for claims incurred in previous periods. A negative ratio indicates favorable development, where reserves were redundant, while a positive ratio indicates unfavorable development. It is a key indicator of the accuracy of historical loss reserving practices.