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Combined Ratio % is a profitability metric of an insurance company to measure its performance in daily operations. It measures the money flowing out of an insurance company in the form of dividends, expenses, and losses.
Axis Capital Holdings's Combined Ratio % for the quarter that ended in Jun. 2026 was 93.10%
, which is higher than
89.80% for the pervious quarter ended in Mar. 2026.
Axis Capital Holdings's Combined Ratio % for the annual that ended in Dec. 2025 was 89.80%
, which is lower than
92.30% for the pervious year ended in Dec. 2024.
The historical rank and industry rank for Axis Capital Holdings's Combined Ratio % or its related term are showing as below:
AXS's Combined Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Combined Ratio % only.
Axis Capital Holdings (NYSE:AXS) Combined Ratio % Explanation
Combined Ratio % measures the money flowing out of an insurance company in the form of dividends, expenses and losses. A ratio below 100 percent suggests that the company is making an underwriting profit, while a ratio above 100 percent means that it paid more in the claim than it received. However, a ratio above 100 percent does not necessarily mean the company is losing money because the investment income is not included in the calculation.
Compared to Claims Ratio % and Expense Ratio %, the combined ratio is most important because it provides a comprehensive measure of an insurer's profitability.
Axis Capital Holdings Combined Ratio % Related Terms
Axis Capital Holdings Combined Ratio % Historical Data
* Premium members only.
The historical data trend for Axis Capital Holdings's Combined Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Insurance - Specialty subindustry, Axis Capital Holdings's Combined Ratio %, along with its competitors' market caps and Combined Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Axis Capital Holdings (NYSE:AXS) Combined Ratio % Calculation
Combined Ratio % is calculated as:
Combined Ratio %
=
( Incurred Losses
+
Expenses )
/
Earned Premium
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Frequently Asked Questions
What does a Combined Ratio % of 93.10% mean?
Axis Capital Holdings (AXS) has a Combined Ratio % of 93.10% as of Jun. 2026. Combined Ratio measures the money flowing out of an insurance company in the form of dividends, expenses, and losses. View historical data on Axis Capital Holdings and its competitors.
Is Axis Capital Holdings' Combined Ratio % too high?
Axis Capital Holdings' current Combined Ratio % is 93.10%. Overall, Axis Capital Holdings has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Axis Capital Holdings' Combined Ratio % compare to FAF and ACT?
Axis Capital Holdings' Combined Ratio % of 93.10% can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Combined Ratio % for an Insurance company?
A good Combined Ratio % depends on the Insurance industry context. However, Combined Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Combined Ratio % mean?
A high Combined Ratio % can signal that a stock is expensive relative to its fundamentals. Combined Ratio measures the money flowing out of an insurance company in the form of dividends, expenses, and losses. View historical data on Axis Capital Holdings and its competitors. Axis Capital Holdings's current Combined Ratio % is 93.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Axis Capital Holdings stock overvalued right now?
Based on GuruFocus' analysis, Axis Capital Holdings (AXS) is currently considered Fairly Valued. The stock's GF Value™ is $110.88, compared to a current price of $103.97 — trading 6.2% below its estimated fair value. The current Combined Ratio % is 93.10%. Axis Capital Holdings' overall GF Score™ is 85/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Combined Ratio % calculated?
Combined Ratio % is calculated from a company's financial statements. For Axis Capital Holdings (AXS), the current Combined Ratio % is 93.10% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Axis Capital Holdings (AXS) Overvalued in 2026?
Based on GuruFocus' analysis, Axis Capital Holdings stock appears to be undervalued.
The current stock price of $103.97 is trading 6.2% below its estimated GF Value™ of $110.88.
GuruFocus considers Axis Capital Holdings to be Fairly Valued.
Key valuation signals for AXS:
Combined Ratio %: 93.10%
GF Value™: $110.88 vs. price of $103.97 (6.2% below fair value)
No single metric tells the full story. See the AXS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Axis Capital Holdings Ltd is a specialty underwriter and provider of insurance and reinsurance solutions with operations in Bermuda, the United States (U.S.), Europe, Singapore, and Canada. The company manages its portfolio holistically, aiming to construct an optimum consolidated portfolio of funded and unfunded risks. The company's segment consists of Insurance and Reinsurance. The company generates the majority of its revenue from the Insurance segment. Geographically, the company generates the majority of its revenue from the United States, and also has its presence in Ireland, Lloyd's of London, and Bermuda.
85GF Score
Get the complete analysis for AXS
Combined Ratio % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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