AXIS Capital Holdings Limited

axiscapital.com

What Do They Do?

Sells specialty insurance to businesses and organizations, and reinsurance to insurance companies.

How Do They Make Money?

Insurance customers pay premiums for coverage, which AXIS earns over the period it provides coverage, generally one to two years. Reinsurance premiums are set from estimates when a contract begins and earned as coverage runs.

FY2025 revenue

Who Are Their Customers?

Insurance is produced mainly through wholesale and retail brokers worldwide, with some products distributed through managing general agents and underwriters. Reinsurance is produced mainly through reinsurance brokers worldwide and is sold to insurance companies.

Do Revenues Turn Into Profits?

Yes. It kept 15 cents of every revenue dollar as net income in FY2025.

Net income, FY2025

15% of revenue

▼ −7% vs FY2024 ($1.1B, 18%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Revenue: ▲ +7%; vs $1.6B in Q2 FY2025
Net income: ▲ +16%; vs $223.4M in Q2 FY2025

Mar 26, 2026 Matthew Kirk became CFO, and Peter Vogt departed earlier than planned Kirk assumed the CFO role on March 31, 2026; Vogt departed effective April 1, 2026.

Growing. Revenue grew 23% in 4 years, from $5.3B in FY2021 to $6.6B in FY2025, about 5% a year.

More transactional specialty business The older report described transactional specialty business aimed at the lower middle market as a growing area. The latest report describes investment in attractive growth markets and advancing capabilities for more transactional specialist business targeting that market with key distribution partners.

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