AXIS Capital-Here's What Key Metrics Tell Us About Axis Capital (AXS) Q1 Earnings

Core Insights - Axis Capital reported revenue of $1.55 billion for the quarter ended March 2025, reflecting an 8.3% increase year-over-year, but fell short of the Zacks Consensus Estimate of$ 1.65 billion by -5.92% [1] - The company's EPS was $3.17, up from$ 2.57 in the same quarter last year, exceeding the consensus EPS estimate of $2.64 by +20.08% [1] Financial Performance Metrics - The combined ratio for insurance was 86.7%, slightly better than the estimated 86.9% [4] - The net loss and loss expense ratio totaled 58.6%, outperforming the estimated 61.1% [4] - The total combined ratio was 90.2%, compared to the average estimate of 93.5% [4] - The acquisition cost ratio for insurance was 19.2%, above the estimated 18.2% [4] - General and administrative expense ratio for total was 9.8%, significantly lower than the estimated 12.7% [4] - Net investment income reached$ 207.71 million, surpassing the average estimate of $188.03 million, marking a +24.1% year-over-year increase [4] - Net premiums earned were$ 1.34 billion, below the estimated $1.42 billion, but showed a +6.6% change year-over-year [4] - Other insurance-related income was$ 3.58 million, significantly lower than the estimated $7.17 million, representing a -57.1% year-over-year decline [4] - Net premiums earned in the insurance segment were$ 1.01 billion, slightly below the estimated $1.04 billion, with a +10% year-over-year change [4] - Net premiums earned in the reinsurance segment were$ 330.73 million, below the estimated $366.10 million, reflecting a -2.8% year-over-year change [4] Stock Performance - Axis Capital's shares have returned -3.7% over the past month, compared to a -0.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]