AXIS Capital Holdings Limited

NYSE:AXS Stock Report

Market Cap: US$7.2b

AXIS Capital Holdings Future Growth

Future criteria checks 0/6

AXIS Capital Holdings's earnings are forecast to decline at 0.3% per annum while its annual revenue is expected to grow at 1.3% per year. EPS is expected to grow by 3.2% per annum. Return on equity is forecast to be 15.2% in 3 years.

Key information

-0.3%

Earnings growth rate

3.16%

EPS growth rate

Insurance earnings growth1.0%
Revenue growth rate1.3%
Future return on equity15.16%
Analyst coverage

Good

Last updated25 Aug 2026

Recent future growth updates

Recent updates

Seeking Alpha • Aug 14

AXS PFD E Offers Competitive Yield Versus Other Insurance Companies

Summary AXIS Capital Holdings Limited offers diversified specialty insurance and reinsurance, with strong A+ credit ratings and a BBB-rated preferred stock AXS.PR.E. AXS reported 15% YOY growth in both premiums written and diluted book value, with a solid 93.1% combined ratio, though reinsurance premiums declined 25%. The fixed-rate, non-cumulative Series E preferred AXS.PR.E offers QDI-eligible dividends and BBB credit quality, appealing for income-focused investors seeking stability. Portfolio strategy emphasizes fixed vs. floating coupons, call protection, and tax placement, with AXS.PR.E positioned for those prioritizing income and credit quality. Even without the low possibility of being Called, I rate AXS-E as a Buy for its yield, coverage ratios, and diversifying effect. Read the full article on Seeking Alpha
Narrative Update • Jul 13

AXS: Future Upside Will Rely On Expanded Share Repurchases

Analysts have nudged their price target for AXIS Capital Holdings higher to about $126.09 from $122, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margins, and expectations for the company’s future price-to-earnings ratio. What's in the News for AXIS Capital Holdings AXIS Capital Holdings Limited was removed from the Russell 1000 Dynamic Index, according to index constituent data.
Narrative Update • Jun 17

AXS: Future Upside Will Rely On 300 Million Share Repurchases

Analysts have slightly adjusted their price target for AXIS Capital Holdings to $122.00 from about $122.36, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What’s in the News for AXIS Capital Holdings No recent news items, periodical articles, or key developments were provided for AXIS Capital Holdings in the available sources.
Analysis Article • Jun 17

AXIS Capital Holdings (AXS) Stock Could Be 16% Below Fair Value As AI Underwriting Story Builds

AXIS Capital Holdings (NYSE:AXS) is drawing investor attention after its recent trading performance, with the stock last closing at $102.75. That price is a key reference point for how investors are weighing its value against recent return figures. See our latest analysis for AXIS Capital Holdings. The recent 7 day share price return of 5.26% stands in contrast to a year to date share price decline of 1.45%, while the 5 year total shareholder return of 139.88% points to a much stronger longer...
Narrative Update • Jun 02

AXS: Future Upside Will Rely On US$300 Million Share Repurchases

Analysts have nudged their price target for AXIS Capital Holdings higher to $122.36, a shift they link to updated assumptions around discount rate, revenue growth, profit margin, and a slightly richer future P/E of 8.24. What's in the News No recent news stories, periodical coverage, or key developments were provided for AXIS Capital Holdings in the supplied sources.
Narrative Update • May 13

AXS: Future Upside Will Rely On US$300 Million Share Repurchases

Analysts have nudged their price target for AXIS Capital Holdings slightly lower to about $122.36 from roughly $122.45, reflecting updated assumptions around the discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News AXIS Capital Holdings announced a share repurchase program authorizing the company to buy back up to US$300 million of its common shares (Key Developments).
Narrative Update • Apr 23

AXS: Future Upside Will Rely On Buybacks And Firm Fair Value

Analysts have adjusted their price target on AXIS Capital Holdings slightly, reducing it from about $123.18 to approximately $122.45. The change reflects updated assumptions related to revenue growth, profit margins, and forward P/E expectations.
Narrative Update • Apr 08

AXS: Future Upside Will Rely On Buybacks And Firm Fair Value

Analysts have trimmed their price target on AXIS Capital Holdings slightly to about $123.18 from roughly $123.64, reflecting small tweaks to fair value assumptions, discount rate inputs and projected revenue growth, profit margin and future P/E levels. What's in the News The Board of Directors authorized a new share buyback plan on February 26, 2026, signaling approval for additional capital returns to shareholders (Key Developments).
Narrative Update • Mar 25

AXS: Future Upside Will Rely On Buybacks And Steady Fair Value

Analysts have adjusted their price target for AXIS Capital Holdings to $123.64. The updated view reflects unchanged fair value estimates, a consistent 6.98% discount rate, and steady assumptions for revenue growth, profit margin, and future P/E.
Narrative Update • Mar 09

AXS: Future Upside Will Rely On Completed Buybacks And Refined Fair Value

Analysts have left their AXIS Capital Holdings price target effectively unchanged at around $124, reflecting stable views on fair value, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News AXIS Capital Holdings Limited announced a share repurchase program authorizing the company to buy back up to $300 million of its common shares (Buyback Transaction Announcements).
Narrative Update • Feb 22

AXS: Future Upside Will Rely On Completed Buybacks And Refined Fair Value

Analysts have adjusted their price target on AXIS Capital Holdings to $123.64, citing updated assumptions on future P/E while maintaining steady views on revenue growth and profit margin. What's in the News AXIS Capital Holdings completed a share repurchase tranche between October 1, 2025 and December 31, 2025, buying back 2,930,273 shares for $291.53 million, equal to 3.8% of the company.
Narrative Update • Feb 07

AXS: Future Upside Will Rely On Buybacks And Refined Fair Value

Analysts have modestly raised their price target on AXIS Capital Holdings to about US$123.64 from roughly US$120.91, citing updated assumptions that combine a slightly higher discount rate with adjusted expectations for revenue, profit margin, and future P/E. What's in the News Completed share repurchase of 2,930,273 shares, representing 3.8% of shares, for a total of US$291.53 million under the buyback announced on September 17, 2025 (Key Developments).
Narrative Update • Jan 23

AXS: Future Upside Will Rely On Refined Fair Value And Stable Metrics

Analysts have nudged their price target for AXIS Capital Holdings slightly higher to about $120.91 from $120.00, citing small adjustments in fair value inputs, discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News AXIS Capital Holdings reported that between September 17, 2025 and September 30, 2025, it repurchased 0 shares for $0 million under its existing buyback program (Key Developments).
Narrative Update • Jan 09

AXS: Future Upside Will Rely On Stable Metrics As Buyback Pauses

Analysts now place their price target for AXIS Capital Holdings at US$120.00, up from about US$118.18, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E estimates. What's in the News Between September 17, 2025 and September 30, 2025, AXIS Capital Holdings reported no share repurchases under its announced buyback, with 0 shares repurchased for US$0 million, completing that tranche of the program (Key Developments).
Narrative Update • Dec 24

AXS: Modest Upside Will Emerge As Buyback Stalls And Fundamentals Hold

Analysts have nudged their price target on AXIS Capital Holdings modestly higher, from approximately $116 to about $118 per share. They cite slightly stronger expected revenue growth, a marginally richer future earnings multiple, and a stable discount rate that together outweigh a small downward tweak to projected profit margins.
Narrative Update • Dec 10

AXS: Share Repurchases Will Support Upside As Fundamentals Remain Stable

Analysts have nudged their price target on AXIS Capital Holdings slightly lower to approximately $116.10 per share from about $116.20, reflecting only marginal tweaks to discount rate, revenue growth, profit margin, and future P E assumptions, while maintaining a broadly stable outlook. What's in the News Board of Directors authorizes a new share repurchase plan for AXIS Capital Holdings, setting the framework for future buybacks as of September 17, 2025 (company announcement).
Narrative Update • Nov 26

AXS: Share Buyback Program Is Expected To Drive Long-Term Upside

Analysts have raised their price target for AXIS Capital Holdings from $115.78 to $116.20. They cite improved profit margin forecasts and a slightly higher discount rate, despite moderating revenue growth expectations.
Narrative Update • Oct 26

Share Buyback and Leadership Transition Will Shape Specialty Insurance Prospects

Analysts have slightly lowered their price target for AXIS Capital Holdings from $116.38 to $115.78, citing updated projections for revenue growth and adjustments to profit margins. What's in the News AXIS Capital Holdings Limited announces a share repurchase program of up to $400 million of its common shares (Key Developments) The Board of Directors authorizes a buyback plan on September 17, 2025 (Key Developments) Between July and September 2025, the company completed the repurchase of 4,235,514 shares, representing 5.22% for $400 million under the existing buyback (Key Developments) Matthew Kirk will be appointed Chief Financial Officer effective March 31, 2026 as part of a planned leadership transition (Key Developments) Launch of AXIS Capacity Solutions, a new business unit focused on structured and multi-line portfolio capacity deals (Key Developments) Valuation Changes The Fair Value Estimate has decreased slightly from $116.38 to $115.78.
Narrative Update • Oct 12

AI And Cyber Investments Will Expand Specialty Insurance Prospects

Analysts have raised their price target for AXIS Capital Holdings from $113.50 to $116.38, citing strengthened revenue growth expectations, even though the outlook for profit margin is slightly lower. What's in the News AXIS Capital Holdings Limited announced a share repurchase program authorizing up to $400 million in common share buybacks (Buyback Transaction Announcements).
Seeking Alpha • Dec 23

AXIS Capital: A Niche Leader Priced For NOPAT Fall

Summary AXIS Capital is a global leader in specialty insurance and reinsurance, with a 30.2% annual NOPAT growth and a 15.3% ROIC in TTM. The company’s diversified portfolio, disciplined risk management, and innovation focus position it to continue delivering value despite market challenges. AXIS’s market valuation implies a 31% decline in future NOPAT, presenting a compelling investment opportunity given its strong historical performance. Risks include cyclical industry pressures, catastrophic events, regulatory challenges, and competition, but AXIS’s strategic advantages offer robust defenses. Read the full article on Seeking Alpha
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New Narrative • Aug 28

Decisive Enhancements And Digital Investments Poised To Elevate Profitability And Market Position

Improved underwriting discipline from specialty underwriting focus and strategic portfolio reshaping expected to enhance profitability and earnings stability.
Seeking Alpha • Aug 15

AXIS Capital: Successful Transition To Less Risky Business Model

Summary We had rated AXIS Capital as a buy in May 2023. The stock has outperformed the broader market and delivered spectacular returns. We go over why we don't like it as much and what are the two big risks. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:AXS - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20286,8911,044N/A2,1913
12/31/20276,656977N/A2,0804
12/31/20266,324933N/A1,9584
6/30/20266,8051,0742,4552,455N/A
3/31/20266,6851,039169169N/A
12/31/20256,564979-41-41N/A
9/30/20256,301983-316-316N/A
6/30/20256,238862-403-403N/A
3/31/20256,0558501,7701,770N/A
12/31/20245,9581,0521,8451,845N/A
9/30/20245,9676151,7391,739N/A
6/30/20245,7906231,5201,520N/A
3/31/20245,7245611,3991,399N/A
12/31/20235,6433461,2561,256N/A
9/30/20235,610537887887N/A
6/30/20235,404340922922N/A
3/31/20235,218224905905N/A
12/31/20225,135193798798N/A
9/30/20225,0813491,0221,022N/A
6/30/20225,1914141,0941,094N/A
3/31/20225,3336141,1031,103N/A
12/31/20215,3225881,1981,198N/A
9/30/20215,2063861,0051,005N/A
6/30/20215,119266772772N/A
3/31/20214,982150538538N/A
12/31/20204,842-151344344N/A
9/30/20204,912-156306306N/A
6/30/20204,951-55322322N/A
3/31/20205,032-1N/A207N/A
12/31/20195,173282N/A199N/A
9/30/20195,08394N/A121N/A
6/30/20195,123110N/A37N/A
3/31/20195,09136N/A41N/A
12/31/20185,0900N/A11N/A
9/30/20185,202161N/A78N/A
6/30/20184,997-350N/A68N/A
3/31/20184,828-358N/A208N/A
12/31/20174,577-416N/A259N/A
9/30/20174,217-247N/A453N/A
6/30/20174,156398N/A493N/A
3/31/20174,129432N/A385N/A
12/31/20164,006465N/A407N/A
9/30/20163,977469N/A354N/A
6/30/20163,811540N/A738N/A
3/31/20163,774484N/A805N/A
12/31/20153,850602N/A791N/A
9/30/20153,916630N/A829N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AXS's earnings are forecast to decline over the next 3 years (-0.3% per year).

Earnings vs Market: AXS's earnings are forecast to decline over the next 3 years (-0.3% per year).

High Growth Earnings: AXS's earnings are forecast to decline over the next 3 years.

Revenue vs Market: AXS's revenue (1.3% per year) is forecast to grow slower than the US market (13.4% per year).

High Growth Revenue: AXS's revenue (1.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AXS's Return on Equity is forecast to be low in 3 years time (15.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/13 07:23
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AXIS Capital Holdings Limited is covered by 24 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Michael ZaremskiBMO Capital Markets Equity Research
Charles LedererBMO Capital Markets Equity Research
Joshua ShankerBofA Global Research