Axis Capital (AXS) reported $1.67 billion in revenue for the quarter ended March 2026, representing a year-over-year increase of 7.7%. EPS of $3.42 for the same period compares to $3.17 a year ago.
The reported revenue represents a surprise of +0.38% over the Zacks Consensus Estimate of $1.66 billion. With the consensus EPS estimate being $3.23, the EPS surprise was +5.99%.
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: General and Administrative Expense Ratio - Total: 8.6% compared to the 12.8% average estimate based on two analysts. Net loss and loss expense ratio - Total: 58.6% versus the two-analyst average estimate of 59.8%. Combined Ratio - Total: 89.8% versus 93.1% estimated by two analysts on average. Acquisition Cost Ratio - Insurance: 19.6% versus the two-analyst average estimate of 19.2%. General and Administrative Expense Ratio - Insurance: 10.6% versus 12.7% estimated by two analysts on average. Combined Ratio - Reinsurance: 92.7% compared to the 101% average estimate based on two analysts. General and Administrative Expense Ratio - Reinsurance: 2.1% versus the two-analyst average estimate of 4.2%. Net investment income: $184.74 million versus the two-analyst average estimate of $225.12 million. The reported number represents a year-over-year change of -11.1%. Net premiums earned: $1.48 billion versus $1.43 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +10.4% change. Net Premiums Earned- Reinsurance Segment: $338.71 million compared to the $331.29 million average estimate based on two analysts. The reported number represents a change of +2.4% year over year. Net Premiums Earned- Insurance Segment: $1.14 billion compared to the $1.1 billion average estimate based on two analysts. The reported number represents a change of +13% year over year. Other insurance related income (loss): $5.65 million versus $4.94 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +57.9% change.View all Key Company Metrics for Axis Capital here>>>
Shares of Axis Capital have returned -1.1% over the past month versus the Zacks S&P 500 composite's +12.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.7 Best Stocks for the Next 30 Days
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This article originally published on Zacks Investment Research (zacks.com).