Overview

* AXIS Capital ( AXS/PE ) Q2 net income rises to $216 mln, up from $204 mln in 2024

* Operating income for Q2 reaches $261 mln

* Company reports combined ratio of 88.9%, indicating efficient underwriting practices

Outlook

* Company remains focused on enhancing operations through technology and AI investments

* AXIS Capital ( AXS/PE ) emphasizes continued strategy advancement and market value provision

* Company highlights ongoing enhancement of operations via 'How We Work' program

Result Drivers

* REINSURANCE SEGMENT - Steady positive results with a 92% combined ratio

* TECHNOLOGY INVESTMENTS - 'How We Work' program supports growth through technology and AI investments

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $2.72

Q2 Net $216 mln

Income

Q2 87.8%

Adjusted

Combined

Ratio

Q2 88.9%

Combined

Ratio

Q2 11.6%

Expense

Ratio

Q2 $261 mln

Operatin

g income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the multiline insurance & brokers peer group is "buy"

* Wall Street's median 12-month price target for AXIS Capital Holdings Ltd ( AXS/PE ) is $112.00, about 14% above its July 28 closing price of $96.28

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)