Axis Capital (AXS) reported $1.71 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 7.4%. EPS of $2.84 for the same period compares to $3.29 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.72 billion, representing a surprise of -1.01%. The company delivered an EPS surprise of -12.07%, with the consensus EPS estimate being $3.23.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Axis Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Acquisition Cost Ratio - Total: 20.8% compared to the 21% average estimate based on two analysts. Net loss and loss expense ratio - Insurance: 59.5% versus 57.2% estimated by two analysts on average. Net loss and loss expense ratio - Reinsurance: 68.2% compared to the 65.9% average estimate based on two analysts. Combined Ratio - Insurance: 90% versus the two-analyst average estimate of 89.7%. Combined Ratio - Reinsurance: 94.5% versus the two-analyst average estimate of 92.1%. General and Administrative Expense Ratio - Reinsurance: 3% compared to the 3.1% average estimate based on two analysts. Net loss and loss expense ratio - Total: 61.4% versus the two-analyst average estimate of 60.4%. Net premiums earned: $1.52 billion compared to the $1.51 billion average estimate based on two analysts. The reported number represents a change of +9% year over year. Other insurance related income (loss): $5.6 million versus the two-analyst average estimate of $5.58 million. The reported number represents a year-over-year change of -35.3%. Net investment income: $181.59 million versus $208.68 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3% change. Net Premiums Earned- Reinsurance Segment: $331.82 million versus the two-analyst average estimate of $388.99 million. The reported number represents a year-over-year change of -8%. Net Premiums Earned- Insurance Segment: $1.19 billion versus the two-analyst average estimate of $1.12 billion. The reported number represents a year-over-year change of +14.9%.View all Key Company Metrics for Axis Capital here>>>
Shares of Axis Capital have returned +7.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Axis Capital Holdings Limited (AXS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).