{"id":3060,"date":"2025-10-30T08:00:15","date_gmt":"2025-10-30T09:00:15","guid":{"rendered":"http:\/\/www.xinetica.com\/?p=3060"},"modified":"2025-10-30T14:28:20","modified_gmt":"2025-10-30T14:28:20","slug":"axis-capital-reports-strong-underwriting-result-for-q325","status":"publish","type":"post","link":"http:\/\/www.xinetica.com\/index.php\/2025\/10\/30\/axis-capital-reports-strong-underwriting-result-for-q325\/","title":{"rendered":"AXIS Capital reports strong underwriting result for Q3\u201925"},"content":{"rendered":"

Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has reported a rise in underwriting income for both the third quarter and nine month period ended September 30th, 2025, with a strong performance in its insurance and reinsurance segments.<\/p>\n

\"axis-capital-logo\"For the third quarter of 2025, AXIS generated underwriting income of $188 million, up 39% year-on-year, as the insurance underwriting result increased by 55.2% to $153.3 million, and the reinsurance result decreased by 3.7% to $35 million.<\/p>\n

For the nine-month period, underwriting income rose by 22% year-on-year to $541 million, driven by 30% growth in the insurance result to $439.5 million, and a 2.9% decrease in the reinsurance underwriting result to $101.5 million.<\/p>\n

Net of reinsurance, pre-tax catastrophe and weather-related losses amounted to $44 million, with the large majority, or $43 million attributable to the insurance segment, and just $1 million to the reinsurance segment. $20 million of the total is attributable to the Middle East conflict, explains AXIS.<\/p>\n

For the nine-month period, AXIS has reported pre-tax catastrophe and weather-related losses, net of reinsurance, of $129 million, split $126.7 million insurance and $2.7 million reinsurance, of which $32 million relates to the January California wildfires and the conflict in the Middle East.<\/p>\n

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During both periods, AXIS’ underwriting also benefited from net favourable prior year reserve development, which totalled $19 million in Q3’25 and $57 million in 9M’25.<\/p>\n

Across the business, the combined ratio strengthened by 3.7 percentage points to 89.4%, and for 9M’25 improved by 2.1 percentage points to 89.5%. The insurance segment combined ratio improved by 4.5 percentage points to 85.9% for Q3 and by 2.4 percentage points to 86% for 9M’25. The reinsurance combined ratio rose by 0.8 percentage points to 92.2% for Q3 but was flat for the nine month period at 92.1%.<\/p>\n

In terms of growth, the Bermudian re\/insurer’s gross premiums written (GWP) rose 10% to $2.1 billion in Q3’25, with 11% growth in insurance to $1.7 billion, driven by all lines of business with the exception of cyber, and growth of 6% in reinsurance to $432.3 million, driven by new business in agriculture, and credit and surety lines, and premium adjustments in liability lines.<\/p>\n

Group-wide GWP for 9M’25 increased 6% to $7.4 billion, with 7% growth in the insurance arm to $5.3 billion, again driven by growth in all lines but cyber, while 9M’25 reinsurance GWP increased by 2% to $2.2 billion, driven by new business and premium adjustments.<\/p>\n

Net premiums written (NPW) for the third quarter rose 9% to $1.4 billion, with an 11% increase in the insurance segment to $1.1 billion, reflecting the increase in gross premiums written in the quarter, and 3% increase in the reinsurance segment to $268 million.<\/p>\n

For the nine month period, NPW rose 5% year-on-year to $4.7 billion, with a 7% increase in the insurance segment to $3.4 billion, reflecting the rise in GWP, partially offset by a 2% decrease in reinsurance NPW to $1.3 billion, driven by increased cession rates in AXIS’ strategic capital partners consistent with recent periods.<\/p>\n

On the asset side of the balance sheet, AXIS’ net investment income fell to $185 million in Q3’25 from $205 million a year earlier, and for the nine month period increased to $578 million from $563 million.<\/p>\n

All in all, AXIS has reported net income of $294 million for the third quarter of 2025, an increase of 70% on the prior year. For 9M’25 net income totalled $679 million, which is down on 9M’24 by 9%.<\/p>\n

Operating income increased by 11% to $255 million for Q3’25, and rose by 11% to $775 million for 9M’25.<\/p>\n

Vince Tizzio, President and CEO of AXIS Capital, said: “AXIS produced another strong quarter highlighted by a 14% year-over-year increase in diluted book value per common share, and annualized operating return on equity of 18%. These results are direct outcomes of the enhancements we have made to our product portfolio, operating model, and a highly engaged team focused on disciplined execution.<\/p>\n

“Our insurance business again delivered an excellent quarter with record third quarter gross premiums written of $1.7 billion, representing 11% growth, record third quarter new business premiums of $570 million, and an 85.9% combined ratio. In parallel, AXIS Re continued its track record of solid performance with a 92.2% combined ratio and a 6% increase in gross premiums written.<\/p>\n

“Our “How We Work” program is driving ongoing operational improvements throughout the business, powered by investments in data, technology, and AI. Our team remains resolute in building on the progress we\u2019ve achieved, as we pursue our ambition to become the industry\u2019s leading specialty underwriter.”<\/p>\n

The post AXIS Capital reports strong underwriting result for Q3’25<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bermuda-based insurer and reinsurer, AXIS Capital Holdings Limited, has reported a rise in underwriting income for both the third quarter […]<\/p>\n","protected":false},"author":1,"featured_media":1819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3060"}],"collection":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=3060"}],"version-history":[{"count":3,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3060\/revisions"}],"predecessor-version":[{"id":3063,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/3060\/revisions\/3063"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/1819"}],"wp:attachment":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=3060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=3060"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=3060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}