AXS

Axis Capital Holdings

Fundamental data last updated:April 13, 2026

company profile

SECTOR

Financial Services

industry

Insurance - Specialty

Exchange

NYSE

County of HQ

Bermuda

Next Earnings Date

04/29/26

Business Summary

AXS Axis Capital Holdings operates as a specialty insurer, underwriting complex commercial risks where pricing expertise and disciplined capital allocation determine profitability. The firm generates cash by collecting premiums upfront, investing that float, and earning underwriting margins reflected in its 15.40% operating margin. Its moat comes from underwriting specialization, long-standing broker relationships, and the ability to deploy capital at a 13.30% ROIC across cycles. At scale, consistent risk selection and pricing discipline create compounding book value growth, justifying its 1.3 price-to-book multiple when execution is strong.

VALUATION

P/E

8

Market Cap ($M USD)

$7,272

Forward P/E

6.8

PEG

0.3

PRICE TO SALES

1.2

PRICE TO BOOK

1.3

EV / EBITDA

6.3

5-Year Average P/E

DIVIDEND

Yield

1.80%

Annual Payout

$1.76

Payout Ratio

14.10%

Consecutive Years of Dividend Growth

0

5-Year Dividend Growth Rate

0.90%

Financial Health & Profitability

Earnings Per Share

$12.52

Next Year EPS Growth Estimate

$14.52

Next Year Revenue Growth Estimate

7.40%

Return on Equity (ROE)

15.40%

Operating Margin

-

Debt-to-Equity

0.2

Piotroski F-Score

5

Altman Z-Score

-

Return on Invested Capital (ROIC)

13.30%%

Current Ratio

-

Quick Ratio

Gainseekers Quantitative Analysis

Summary

AXS trades at 8x earnings and 6.8x forward earnings, which is a material discount for a firm generating a 13.30% ROIC and 15.40% operating margins. A PEG Forward of 0.3 implies the market is pricing growth at a fraction of its potential, especially with EPS expected to jump from 6.3 to 12.52 next year. At 1.3x book and 1.2x sales, this is not a speculative multiple but a balance-sheet-anchored valuation. The absence of an Altman Z-Score limits visibility into balance sheet distress risk, but the current pricing reflects deep skepticism rather than optimism. This looks like a statistically cheap compounder in a sector where stable underwriting profits should not command a single-digit multiple if growth materializes.

AI Exposure / Tech Reliance

As a specialty insurer in Financial Services, AXS operates in a data-intensive industry where underwriting precision and risk modeling are core competitive drivers. AI integration in pricing, claims automation, and fraud detection directly enhances operating margin durability, currently at 15.40%. Firms that deploy analytics effectively can expand ROIC beyond the current 13.30% by tightening loss ratios and improving capital allocation.

The Bull Case

A value or GARP investor buys AXS because the numbers scream asymmetry. An 8 P/E collapsing to 6.8 forward with EPS nearly doubling to 12.52 creates embedded earnings torque without multiple expansion. A 13.30% ROIC above many financial peers signals disciplined capital deployment, while a 15.40% operating margin shows underwriting profitability rather than volume-chasing. The Piotroski F-Score of 5 is neutral but not distressed, and short interest at just 0.90% of float suggests no aggressive bearish consensus. At 1.3x book, investors are paying a modest premium over net assets for a business compounding capital at double-digit rates, which is classic deep-value-with-growth optionality.

The Bear Case

There are real blemishes. Return on Equity is only 7.40%, which is mediocre for an insurance business and suggests either capital inefficiency or earnings volatility. The Debt/Equity metric is not provided, creating opacity around leverage risk, and the Altman Z-Score is also unavailable, limiting forensic balance sheet comfort. The PEG Forward at 0.3 implies explosive growth expectations tied to EPS rising to 12.52; if that estimate fails, the entire value thesis compresses. The dividend metrics are inconsistent, with a TTM Yield of 0.2 and Dividend Per Share USD listed at 1.80%, alongside a Payout Ratio of 1.76, making capital return policy unclear and potentially unstable.

Market Sentiment & Smart Money

Short Interest %

1.20%

Analyst Consensus

2

Average Analyst Price Target

$123.27

Institutional Ownership %

99.20%

1-Year Beta

0.24

Insider Buying % (6 Mo)

0.80%%

Distance to 52-Week High

89.00%%

Distance to 52-Week Low

111.40%%