AXS
Financial ServicesAXIS Capital Holdings Limited · Insurance - Property & Casualty · $7B
What is AXIS Capital Holdings Limited?
AXIS Capital Holdings Limited is a Bermuda-based specialty insurer and reinsurer operating across global markets. Founded in 2003, the company serves commercial, institutional, and government clients through two core segments: Insurance and Reinsurance.
AXIS Capital generates revenue by underwriting specialty insurance and reinsurance risks that mainstream carriers often avoid. Its Insurance segment covers property, marine, aviation, terrorism, professional liability, cyber, and specialty health products. The Reinsurance segment sells coverage to other insurers, helping them manage exposure to catastrophes, agriculture losses, credit events, and motor liability. The company earns premiums by pricing and managing these risks across a diversified global book of business.
AXIS Capital was founded in 2003 and is headquartered in Pembroke, Bermuda.
- Specialty property and marine insurance for commercial and energy clients
- Professional liability and cyber insurance for enterprises and institutions
- Catastrophe and property reinsurance for primary insurers worldwide
- Credit, surety, and agriculture reinsurance products
- Accidental death, travel, and specialty health coverage for affinity groups
Is AXS a Good Stock to Buy?
UQS Score rates AXS as Below Average overall, reflecting a mixed profile across the five quality pillars.
The clearest positives for AXS sit in its Risk and Valuation pillars, which are rated Good and Attractive respectively. That combination suggests the stock is not carrying excessive balance-sheet or operational risk relative to peers, and that the current market price may not fully reflect the underlying business value.
The Moat and Growth pillars both register as Weak, indicating limited evidence of durable competitive advantages and below-average earnings expansion relative to sector peers. The Quality pillar lands at Neutral, offering no meaningful offset.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does AXS pay dividends?
Yes — AXIS Capital Holdings Limited pays a dividend.
AXIS Capital pays a regular dividend, which is consistent with the capital-return culture common among established specialty insurers. The dividend reflects management's confidence in generating recurring underwriting cash flows. Income-oriented investors may find the payout relevant, though the Weak Growth pillar rating suggests dividend growth may be constrained relative to higher-quality peers in the sector.
When does AXS report earnings?
AXIS Capital reports earnings on a quarterly cadence, typical for US-listed financial services companies.
The company's recent results reflect the dynamics of a specialty insurer navigating shifting catastrophe loss trends and reinsurance pricing cycles. Revenue and underwriting income can vary meaningfully quarter to quarter depending on large-loss events and reserve development. The Neutral Quality pillar rating suggests performance has been neither consistently strong nor materially deteriorating.
For the most recent quarter's results and guidance, visit AXIS Capital's investor relations page directly.
AXS Price History
+117.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in AXIS Capital Holdings Limited?
Based on AXIS Capital Holdings Limited's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
AXS Long-term Outlook
The fundamental outlook for AXS is cautious. The Weak Growth pillar suggests the company is not expected to expand earnings at a pace that outpaces the broader specialty insurance sector in the near term. On the positive side, the Good Risk rating implies the balance sheet is reasonably positioned to absorb adverse loss development. The Attractive Valuation pillar means the stock may offer a margin of safety relative to intrinsic value, but that alone does not guarantee upward earnings momentum.
Growth drivers
- Hardening reinsurance pricing cycles that can lift premium income across the book
- Expansion of professional liability and cyber insurance lines as demand grows globally
- Disciplined underwriting in specialty segments where competitors have retreated
Key risks
- Elevated catastrophe loss frequency could pressure underwriting margins materially
- Weak Moat rating signals limited pricing power if competition intensifies
- Valuation re-rating risk if growth disappoints relative to current market expectations
AXS vs Peers
AXIS Capital competes in the specialty insurance and reinsurance space alongside a range of focused underwriters and diversified carriers.
Definity operates primarily in the Canadian personal and commercial property-casualty market, giving it a more geographically concentrated book compared to AXIS Capital's global specialty focus.
Kinsale focuses exclusively on the US excess and surplus lines market, pursuing a technology-driven, low-cost underwriting model that differs from AXIS Capital's broader international and reinsurance platform.
The Hanover concentrates on US small and mid-sized commercial and personal lines distributed through independent agents, a more domestically oriented strategy than AXIS Capital's specialty and reinsurance mix.
Frequently Asked Questions
What does AXIS Capital do?
AXIS Capital is a global specialty insurer and reinsurer. It underwrites complex risks — including property, marine, cyber, professional liability, and catastrophe reinsurance — that standard carriers typically avoid. The company operates through an Insurance segment serving commercial clients and a Reinsurance segment selling coverage to other insurers.
Does AXS pay dividends?
Yes, AXIS Capital pays a regular dividend. This is consistent with the capital-return practices of established specialty insurers. Investors seeking income should review the current dividend rate and payout history on the company's investor relations page, as amounts can change with board decisions.
When does AXS report earnings?
AXIS Capital reports on a quarterly cadence, as is standard for US-listed financial services companies. Specific dates are announced in advance by the company. For the next scheduled report, check AXIS Capital's investor relations page or a financial calendar service.
Is AXS a good stock to buy?
UQS Score rates AXS as Below Average overall. The Risk pillar is Good and the Valuation pillar is Attractive, which are positives. However, both the Moat and Growth pillars are rated Weak, indicating limited competitive differentiation and below-average earnings expansion. The full pillar breakdown is available to UQS Pro members.
Is AXS overvalued?
The UQS Valuation pillar for AXS is rated Attractive, suggesting the stock may be trading at a discount relative to its assessed fundamental value. That said, an attractive valuation alone does not guarantee returns — the Weak Growth and Moat ratings are important context for any valuation assessment.
How does AXS compare to its competitors?
Compared to peers like Kinsale Capital, Definity Financial, and The Hanover Insurance Group, AXIS Capital stands out for its global specialty and reinsurance footprint. However, its Weak Moat rating suggests it may lack the pricing power or structural advantages that some more focused competitors possess. See the full comparison in UQS Pro.
What is AXS's market cap bracket?
AXIS Capital is classified as a mid-cap company. This places it in a tier that typically offers more liquidity than small-cap peers but less index-driven demand than large-cap insurers. Mid-cap specialty insurers can carry meaningful volatility tied to catastrophe loss cycles.
Who founded AXIS Capital?
AXIS Capital was founded in 2003, emerging in the period following the September 11 attacks when significant new capital entered the specialty insurance and reinsurance market. Founding details are widely available through the company's public history and investor materials.
Is AXS a long-term quality investment?
As a long-term quality indicator, AXS scores Below Average on the UQS composite. The Attractive Valuation and Good Risk pillars offer some foundation, but the Weak Moat and Weak Growth ratings suggest the business has not demonstrated the durable competitive advantages typically associated with high-quality long-term holdings in the financial services sector.
What is the main competitive advantage of AXIS Capital?
AXIS Capital's breadth across specialty insurance lines and global reinsurance gives it diversification that smaller, more focused peers lack. However, the UQS Moat pillar is rated Weak, indicating that this diversification has not yet translated into a clearly durable structural advantage over competitors in the specialty insurance market.
What sector does AXS belong to?
AXS operates in the Financial Services sector, specifically within specialty insurance and reinsurance. This sector is sensitive to interest rate movements, catastrophe loss trends, and underwriting cycle dynamics — all of which can influence profitability independently of broader economic conditions.
Is AXS a growth stock or value stock?
Based on UQS pillar ratings, AXS leans toward the value side of the spectrum. The Valuation pillar is Attractive, suggesting potential undervaluation, while the Growth pillar is Weak, indicating limited near-term earnings expansion. This profile is more consistent with a value-oriented holding than a high-growth opportunity.
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Pro Analysis
AXS — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 56.2 | 56.9 | 27.0 | 32.0 | 93.2 | 99.0 | 0.0 |
| May 21, 2026 | 56.2 | 56.9 | 27.0 | 32.0 | 93.2 | 98.8 | 0.0 |
| May 20, 2026 | 56.2 | 56.9 | 27.0 | 32.0 | 93.2 | 99.2 | 0.0 |
| May 18, 2026 | 56.2 | 56.9 | 27.0 | 32.0 | 93.2 | 99.0 | 0.0 |
| May 17, 2026 | 56.2 | 56.9 | 27.0 | 31.7 | 93.2 | 99.0 | 0.0 |
| May 16, 2026 | 56.2 | 56.9 | 27.0 | 31.7 | 93.2 | 99.3 | 0.0 |
| May 14, 2026 | 56.2 | 56.9 | 27.0 | 31.7 | 93.2 | 99.0 | +0.1 |
| May 11, 2026 | 56.1 | 56.8 | 27.0 | 31.7 | 93.2 | 98.7 | +0.1 |
| May 10, 2026 | 56.0 | 56.8 | 27.0 | 31.6 | 93.2 | 98.4 | +3.6 |
| May 9, 2026 | 52.4 | 56.8 | 27.0 | 14.3 | 93.2 | 97.7 | -3.6 |
AXS — Pillar Breakdown
Quality
— 56.9/100 (25%)AXIS Capital Holdings Limited shows solid profitability with healthy returns on capital and reasonable margins.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 32.0/100 (20%)AXIS Capital Holdings Limited faces growth headwinds with declining or stagnant revenue trends.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 93.2/100 (15%)AXIS Capital Holdings Limited carries minimal financial risk with conservative leverage and strong solvency.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 100.0/100 (15%)AXIS Capital Holdings Limited appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 27/100 (25%)AXIS Capital Holdings Limited operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for AXS.
Score Composition
Financial Data
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How is the AXS UQS Score Calculated?
The UQS (Unified Quality Score) for AXIS Capital Holdings Limited is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses AXIS Capital Holdings Limited's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether AXIS Capital Holdings Limited is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.