AXIS Capital Holdings Limited reported its financial results for the third quarter ended September 30, 2026, in a Form 8-K filed on October 28, 2026. The company reported net income available to common shareholders of $202 million, or $2.75 per diluted common share, for the quarter. Operating income was reported at $229 million, or $3.12 per diluted common share.
Key metrics for the third quarter of 2026 included an annualized return on average common equity (ROACE) of 13.8% and an annualized operating ROACE of 15.7%. The combined ratio was 94.0%, and underwriting income totaled $134 million. The company reported a book value per diluted common share of $79.06.
For the nine months ended September 30, 2026, net income available to common shareholders was $699 million, or $9.42 per diluted common share. The annualized ROACE and operating ROACE for the period were 16.1%. The combined ratio for the first nine months was 92.3%, with underwriting income of $464 million. Book value per diluted common share, excluding accumulated other comprehensive income (AOCI), was $84.33, representing a 14.4% increase compared to the same period in 2025.
AXIS Capital also reported that gross premiums written increased by 11% to $2.4 billion for the quarter, driven by a 13% increase in the insurance segment. Pre-tax, catastrophe and weather-related losses, net of reinsurance, were $75 million for the quarter, with $44 million attributed to the Middle East conflict and the Russia-Ukraine war.
The company returned $141 million to common shareholders in the quarter, consisting of $109 million in common share repurchases and $32 million in common share dividends. Fees related to arrangements with strategic capital partners were $23 million for the quarter.
