AXS
AXIS CAPITAL HOLDINGS LTD
Next earnings Jul 20, 2026 (after close) · consensus $3.48 EPS, $1.76B rev
Last earnings -2.4% on 2026-04-29
$113.36
▲ +4.15%$113.36▲ +11.76%
over 1Y
L $87.51H $113.36
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+4.2%
1W+8.3%
1M+18.8%
3M+11.5%
YTD+9.2%
1Y+11.8%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 17 analysts
Buy
Specialty insurer at just 8.2x earnings with 15.9% ROE, growing premiums and aggressive buybacks — cheap, with cat risk the main caveat.
Diluted EPS $12.35 · FY2025
The read
Quality fundamentals and an attractive price line up (~21% below fair value) — the rarer case where both the business and the entry look good.
AXIS Capital is a specialty insurance and reinsurance underwriter, and the stock is priced as deep value despite solid returns. FY2025 revenue grew 10.2% to $6.56B, net income was a strong $1.01B (only modestly below the $1.08B of FY2024), and return on equity reached 15.9% — well above the cost of capital. Diluted EPS held flat at $12.35 even as net income dipped, because management retired 8.4% of shares through $888M of buybacks (+344.0%). Retained earnings grew 11.4% and book value (equity) rose 4.4% to $6.36B.
The valuation is the draw: at $100.99 the stock trades at just 8.2x earnings and roughly book value, a typical discount for the sector but cheap for a business compounding book at this ROE. The earnings dip reflects catastrophe losses — the 10-K discloses $159M of net cat losses in 2025 (California Wildfires, Hurricane Melissa, Middle East conflict) versus $226M in 2024 — well-managed within a normal range. Heavy buybacks at/around book value are accretive to per-share book value, the right capital-allocation move for a cheap insurer.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:54 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $5.32B | $5.14B | $5.64B | $5.96B | $6.56B |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $619M | $223M | $376M | $1.08B | $1.01B |
| Diluted EPS | $6.90 | $2.25 | $4.02 | $12.35 | $12.35 |
| Net margin | 11.6% | 4.3% | 6.7% | 18.2% | 15.4% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield12.1%
FCF yield—
Quality & risk
ROIC (est.)—
Free cash flow—
Total debt—
Net cash$820M
Piotroski F-Score3/6
Capital returns
Buyback yield10.6%
Dividend yield (est.)1.7%
Shareholder yield12.3%
Shares Δ YoY-8.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsSome governance/structural items recently, but no outright red flags.
Recent filings
all on EDGAR ↗144Filing2026-06-17open ↗8-KPeriod ending 2026-06-152026-06-15open ↗3Period ending 2026-06-152026-06-15open ↗144Filing2026-06-10open ↗4Period ending 2026-05-132026-06-03open ↗8-KPeriod ending 2026-05-142026-05-18open ↗144Filing2026-05-18open ↗144Filing2026-05-11open ↗4Period ending 2026-05-072026-05-08open ↗144Filing2026-05-07open ↗DEFA14AFiling2026-05-01open ↗13F-HRPeriod ending 2026-03-312026-04-29open ↗
Frequently asked
- Is AXIS CAPITAL HOLDINGS LTD (AXS) a buy?
- AXS currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Specialty insurer at just 8.2x earnings with 15.9% ROE, growing premiums and aggressive buybacks — cheap, with cat risk the main caveat.
- What is AXS's fair value?
- A Modified-Graham model based on AXS's SEC fundamentals estimates a fair value of about $136.79. It is an estimate from reported earnings, not a price target.
- Is AXS overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, AXS currently appears undervalued relative to its SEC-grounded earnings power.
- What is AXIS CAPITAL HOLDINGS LTD's quality score?
- AXS scores 77.57293274531422/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001214816, latest 10-Q filed 2026-04-29) · EODHD · Proprietary analysis · as of 6/21/2026, 8:54:26 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.