AXS

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Axis Capital (AXS), which belongs to the Zacks Insurance - Property and Casualty industry. This insurance company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7.65%. For the last reported quarter, Axis Capital came out with earnings of $3.42 per share versus the Zacks Consensus Estimate of $3.23 per share, representing a surprise of 5.88%. For the previous quarter, the company was expected to post earnings of $2.97 per share and it actually produced earnings of $3.25 per share, delivering a surprise of 9.43%. With this earnings history in mind, recent estimates have been moving higher for Axis Capital. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Axis Capital currently has an Earnings ESP of +3.82%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 28, 2026. With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss. Many companies end up beatin...

PEMBROKE, Bermuda, July 06, 2026 (GLOBE NEWSWIRE) -- AXIS Capital Holdings Limited (“AXIS Capital” or the “Company”) (NYSE: AXS) today announced that it expects to release financial results for the second quarter ended June 30, 2026 on Tuesday, July 28, 2026 after the close of the financial markets. Vince Tizzio, President and Chief Executive Officer, and Matthew Kirk, Chief Financial Officer, will host an investor teleconference, including a question and answer period, on Wednesday, July 29, 2026 at 8:30 a.m. ET to discuss the second quarter results as well as related matters. The teleconference can be accessed by dialing 1-877-883-0383 (U.S. callers), 1-866-605-3850 (Canada callers), or 1-412-902-6506 (international callers), and entering the passcode 1050848 approximately 10 minutes in advance of the call. A live, listen-only webcast of the call will also be available via the Investor Information section of the Company’s website at www.axiscapital.com. A replay of the teleconference will be available for one week by dialing 1-855-669-9658 (U.S. and Canada callers) or 1-412-317-0088 (international callers), and entering the passcode 5224605. The webcast will be archived in the Investor Information section of the Company’s website. About AXIS Capital AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders' equity of $6.4 billion at March 31, 2026, and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com. Follow AXIS Capital on LinkedIn and X Corp.

It has been about a month since the last earnings report for Axis Capital (AXS). Shares have lost about 4.6% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Axis Capital due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Axis Capital Holdings Limited before we dive into how investors and analysts have reacted as of late. AXIS Capital Q1 Earnings Beat Estimates on Solid Underwriting IncomeAXIS Capital Holdings Limited reported first-quarter 2026 operating income of $3.42 per share, which outpaced the Zacks Consensus Estimate of $3.23 and rose 7.9% year over year. The quarterly results benefited from higher net premiums earned and stronger underwriting income, partly offset by lower net investment income and higher expenses. Total operating revenues of $1.7 billion marginally beat the Zacks Consensus Estimate by 0.4%. The top line rose nearly 7.7% year over year on higher premiums earned. Net premiums written increased 9% to $1.9 billion, driven by a 24% rise in the Insurance segment, partially offset by a 13% decline in the Reinsurance segment. Net investment income decreased 11.1% year over year to $184.7 million, due to lower income from cash. The Zacks Consensus Estimate was pegged at $225.1 million.Total expenses in the quarter increased 3.8% year over year to $1.3 billion due to higher net losses and loss expenses, acquisition costs and reorganization expenses. Our estimate was pegged at $1.4 billion. Pre-tax catastrophe and weather-related losses, net of reinsurance, totaled $48 million, including $33 million from natural catastrophes. The remaining $15 million was attributable to the Middle East conflict.AXIS Capital’s underwriting income of $187 million increased 15% year over year. The combined ratio improved to 89.8 in the quarter from 90.2 a year ago, reflecting stronger underwriting performance. The Zacks Consensus Estimate was pegged at 93.1. Our estimate was 92.6. Insurance: Gross premiums written improved 19.8% year over year to $2 billion. Our estimate was $1.8 billion. Net premiums earned increased 23.8% year over year to $1.3 billion, driven by higher gross premiums written and a lower cession rate in liability lines, partly off...

PEMBROKE, Bermuda, May 13, 2026 (GLOBE NEWSWIRE) -- AXIS Capital Holdings Limited ("AXIS Capital" or the “Company”) (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on July 15, 2026 to shareholders of record at the close of business on June 30, 2026. In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) payable on July 15, 2026 to shareholders of record at the close of business on June 30, 2026. About AXIS Capital AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders' equity of $6.4 billion at March 31, 2026, and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com. Follow AXIS Capital on LinkedIn and X Corp.

Mercury General Corporation MCY reported first-quarter 2026 operating income of $3.50 per share, which beat the Zacks Consensus Estimate by 63%. The bottom line rebounded from a loss of $2.29 incurred in the prior-year quarter. Total operating revenues in the quarter were $1.5 billion, up 10.5% year over year. The top line surpassed the consensus estimate by 6.1%. The better-than-expected quarterly results were driven by higher net premiums, favorable investment results, lower catastrophe losses and improved operating expenses. Mercury General Corporation price-consensus-eps-surprise-chart | Mercury General Corporation Quote Net premiums earned climbed 13.2% year over year to $1.4 billion, which surpassed the Zacks Consensus Estimate by 6.7%. Net investment income, before income taxes, increased 5.1% year over year to $85.6 million, driven primarily by higher average invested assets and cash, along with an improved average yield. The figure missed the Zacks Consensus Estimate by approximately 3.5%. Total expenses decreased 15.1% year over year to $1.3 billion, primarily due to lower losses and loss adjustment expenses, policy acquisition costs and interest expenses. Catastrophe losses, net of reinsurance, totaled $93 million, lower than $447 million incurred in the year-ago quarter. The majority of 2026 catastrophe losses stemmed from the Palisades and Eaton wildfires in California, as well as severe storms in Texas, Oklahoma and California. The combined ratio — a measure of underwriting profitability — improved 2,990 basis points (bps) year over year to 89.3. The Zacks Consensus Estimate was pegged at 95.5. The loss ratio improved 3,090 bps to 64.2, while the expense ratio deteriorated 110 bps to 25.1. Mercury General exited first-quarter 2026 with total assets of $9.8 billion, which were 3.3% above the 2025-end level. As of March 31, 2026, MCY reported a solid cash balance of $1.3 billion, reflecting an increase of 2.7% from the 2025-end level. Notes payable of $574.6 million inched up 0.2% from the 2025-end level. The debt-to-total capitalization ratio improved 100 basis points year over year to 18.2% as of March 31, 2026. Shareholder equity was $2.5 billion as of March 31, 2026, up 7.1% from the 2025-end level. As of March 31, 2026, book value per share was $46.76, up 7.2% from the 2025-end level. The board of directors declared a quarterly dividend of 3...

Palomar Holdings, Inc. PLMR reported first-quarter 2026 operating income of $2.31 per share, which beat the Zacks Consensus Estimate by 6.4%. The bottom line increased 23.5% year over year. Total revenues improved 58.7% year over year to $281 million, mainly driven by higher premiums, commission, investment income and other income. The top line beat the Zacks Consensus Estimate by 7.8%. Palomar delivered robust first-quarter premium and revenue growth, supported by higher net earned premiums and investment income. However, higher losses and underwriting expenses pressured profitability, leading to a decline in underwriting income. Palomar Holdings, Inc. price-consensus-eps-surprise-chart | Palomar Holdings, Inc. Quote Gross written premiums increased 42.4% year over year to $629.8 million but missed our estimate of $659.9 million. Net earned premiums rose 59.3% year over year to $261.4 million, exceeding our estimate of $236.6 million and the Zacks Consensus Estimate of $242.5 million. Net investment income climbed 49% year over year to $18 million, driven by higher yields on invested assets and a larger average investment balance supported by strong operating cash flow. The figure surpassed both the Zacks Consensus Estimate of $16.6 million and our estimate of $16.4 million. Palomar reported adjusted underwriting income of $62.8 million, marking a 21.6% increase from the prior-year level. Reported underwriting income fell 8% year over year to $40.5 million, missing our estimate of $48.1 million. Total expenses rose 86.5% year over year to $225.5 million due to higher losses and loss adjustment expenses, increased acquisition costs, elevated underwriting expenses and higher interest expense. The figure exceeded our estimate of $189.6 million. The loss ratio was 33.3%, deteriorated 970 basis points year over year. It was higher than our estimate of 30% and the Zacks Consensus Estimate of 32.1%. The adjusted combined ratio worsened 750 basis points year over year to 76%, above the Zacks Consensus Estimate of 74.9%. Cash and cash equivalents declined 47.1% to $56.5 million from the 2025-end level. Shareholders’ equity increased 1.7% to $959 million from the 2025-end level. Annualized adjusted return on equity for the first quarter of 2026 was 26.6%, down 40 basis points year over year. During the quarter, the company repurchased 0.2 million shares for $23.1 mil...

EverQuote, Inc. EVER reported first-quarter 2026 operating net income per share of 51 cents, significantly exceeding the Zacks Consensus Estimate by 18.6%. The bottom line increased 34.2% from the prior-year period level. Total revenues rose 15% year over year to $191 million. The top line exceeded the Zacks Consensus Estimate by 5.8%. The better-than-expected quarterly results were fueled by solid performance across both the Automotive insurance and Home and Renters insurance segments, supported by higher variable marketing investments. The upside was partly offset by an increase in operating expenses. EverQuote, Inc. price-consensus-eps-surprise-chart | EverQuote, Inc. Quote Revenues in the Automotive insurance vertical grew 13% year over year to $172.4 million, surpassing the Zacks Consensus Estimate of $164.1 million. Our estimate was $164 million. Revenues in the Home and Renters insurance vertical increased 33% year over year to $18.5 million, exceeding the Zacks Consensus Estimate of $13 million. Our estimate was $13.1 million. Revenues in the Other insurance vertical declined 100% year over year. Total costs and operating expenses rose 5.5% year over year to $167.4 million, mainly due to higher sales and marketing, research and development costs and general and administrative expenses. Our estimate was $159.2 million. EverQuote’s variable marketing dollars increased 19% year over year to $55.9 million, which beat the Zacks Consensus Estimate of $50.7 million. Adjusted EBITDA rose 30% year over year to $29.3 million, which outpaced our estimate of $24 million. The adjusted EBITDA margin expanded to 15.4% for the quarter. EverQuote exited the first quarter of 2026 with cash and cash equivalents of $178.4 million, up 4.1% from the 2025-end level. Total assets were $323.9 million, down 0.9% from the 2025-end level. Total stockholders' equity increased 1.2% from the 2025-end level to $240.8 million. Cash from operations was $29.6 million, which increased 27% year over year. During the quarter, EVER repurchased 1.1 million shares of its common stock for approximately $19.9 million. For the second quarter of 2026, EverQuote guided revenues in the $185-$195 million range, implying 21% year-over-year growth. Management expects variable marketing dollars in the $55-$57 million range, suggesting 23% year-over-year growth. Adjusted EBITDA is projected at $28-$30...

Aon plc AON reported first-quarter 2026 adjusted earnings of $6.48 per share, which surpassed the Zacks Consensus Estimate by 2.4%. The bottom line advanced 14.3% year over year. Total revenues of $5 billion grew 6% year over year. The top line beat the consensus mark by 1.5%. Organic revenue growth was 5%. The positive quarterly results were driven by consistent execution, steady organic growth, strong retention rates, margin expansion, and improved cash generation, particularly in its core Risk Capital businesses, further supported by disciplined capital allocation. However, gains were partly offset by weakness in Wealth Solutions. Aon plc price-consensus-eps-surprise-chart | Aon plc Quote Total operating expenses inched up 2% year over year to $3.3 billion due to higher expenses related to organic revenue growth, investments in long-term growth and unfavorable foreign currency translation. This was partly offset by lower expenses associated with the sale of NFP Wealth. The metric was in line with our estimate. Adjusted operating income amounted to $1.97 billion, which improved 8% year over year and beat our estimate of $1.93 billion. The metric gained as a result of organic revenue growth and net restructuring savings. Adjusted operating margin improved 70 basis points year over year to 39.1%. Commercial Risk Solutions: Organic revenues rose 7% year over year in the first quarter on the back of new business and strong retention rates across North America and EMEA. Revenues in this solution line advanced 11% year over year to $2.2 billion, which surpassed the Zacks Consensus Estimate by 3.4%. Reinsurance Solutions: Organic revenues grew 4% year over year, driven by increased treaty placements, new business wins and strong client retention, along with growth in facultative placements. Revenues amounted to $1.3 billion, which improved 8% year over year and beat the consensus mark by 1.9%. Health Solutions: Organic revenues inched up 4% year over year as a result of new business growth, strong retention rates and positive market impact. The solution line’s revenues increased 9% year over year to $1.1 billion, which beat the Zacks Consensus Estimate by 2.2%. Wealth Solutions: Organic revenue growth of 1% was driven by expansion in Retirement and sustained demand for advisory services in the UK and EMEA amid ongoing regulatory changes, partly offset by weaker a...

The Allstate Corporation ALL reported a first-quarter 2026 adjusted net income of $10.65 per share, which outpaced the Zacks Consensus Estimate by 43.3%. The bottom line surged 201.7% year over year. Operating revenues of $17.3 billion grew 3.2% year over year. However, the top line missed the consensus mark by 2%. Allstate’s quarterly results were driven by higher property and casualty insurance premiums, improved net investment income and lower catastrophe losses. Lower expenses and strong underwriting performance further aided results. The Allstate Corporation price-consensus-eps-surprise-chart | The Allstate Corporation Quote Property and casualty insurance premiums improved 5.8% year over year to $15.6 billion. Net investment income of $938 million advanced 9.8% year over year on the back of a growing market-based portfolio. The metric beat the Zacks Consensus Estimate of $895 million and our estimate of $935 million. Market-based investment income rose 10% year over year to $791 million in the quarter under review. Total costs and expenses were $13.8 billion, which decreased 12.1% year over year and was lower than our estimate of $15.5 billion. The year-over-year decline was due to decreased property and casualty insurance claims and claims expenses, accident, health and other policy benefits and Pension and other postretirement remeasurement (gains) losses. Catastrophe losses of $1.2 billion dropped 43.7% year over year. Allstate’s pretax income increased significantly, up 332.3% year over year to $3.1 billion. As of Dec. 31, 2025, total policies in force were 212 million, up 2.5% year over year. The Property-Liability segment reported premiums earned of $14.8 billion in the first quarter, up 5.5% year over year, driven by higher average premiums in homeowners insurance and growth in policies in force. However, the metric missed both the Zacks Consensus Estimate and our estimate of $15.1 billion. Underwriting income in the segment surged 638.3% year over year to $2.7 billion. The underlying combined ratio improved 280 basis points to 80.3%. The Protection Services segment’s revenues advanced 7.2% year over year to $922 million, aided by Allstate Protection Plans and Roadside businesses. The metric lagged our estimate of $958.9 million. Adjusted net income of $47 million declined 14.5% year over year. Allstate exited the first quarter with a cash balan...

AXIS Capital Holdings Limited AXS reported first-quarter 2026 operating income of $3.42 per share, which outpaced the Zacks Consensus Estimate of $3.23 and rose 7.9% year over year. The quarterly results benefited from higher net premiums earned and stronger underwriting income, partly offset by lower net investment income and higher expenses. Axis Capital Holdings Limited price-consensus-eps-surprise-chart | Axis Capital Holdings Limited Quote Total operating revenues of $1.7 billion marginally beat the Zacks Consensus Estimate by 0.4%. The top line rose nearly 7.7% year over year on higher premiums earned. Net premiums written increased 9% to $1.9 billion, driven by a 24% rise in the Insurance segment, partially offset by a 13% decline in the Reinsurance segment. Net investment income decreased 11.1% year over year to $184.7 million, due to lower income from cash. The Zacks Consensus Estimate was pegged at $225.1 million. Total expenses in the quarter increased 3.8% year over year to $1.3 billion due to higher net losses and loss expenses, acquisition costs and reorganization expenses. Our estimate was pegged at $1.4 billion. Pre-tax catastrophe and weather-related losses, net of reinsurance, totaled $48 million, including $33 million from natural catastrophes. The remaining $15 million was attributable to the Middle East conflict. AXIS Capital’s underwriting income of $187 million increased 15% year over year. The combined ratio improved to 89.8 in the quarter from 90.2 a year ago, reflecting stronger underwriting performance. The Zacks Consensus Estimate was pegged at 93.1. Our estimate was 92.6. Insurance: Gross premiums written improved 19.8% year over year to $2 billion. Our estimate was $1.8 billion. Net premiums earned increased 23.8% year over year to $1.3 billion, driven by higher gross premiums written and a lower cession rate in liability lines, partly offset by a higher cession rate in property lines. Our estimate was $1.1 billion. Underwriting income of $157.4 million increased 17% year over year. The combined ratio improved 40 basis points to 86.3. The Zacks Consensus Estimate for the combined ratio was pegged at 88.4. Reinsurance: Gross premiums written decreased 2.2% year over year to $1.1 billion, mainly due to non-renewals and reduced line sizes in liability and motor lines, in line with our estimate of $1.1 billion. Net premiums earned i...

Axis reported a strong Q1 with net income of $247 million, operating income of $257 million, an annualized operating ROE of about 18%, a combined ratio of 89.8%, and gross written premiums of $3.1 billion (up ~11% YoY), with short‑tail lines now ~60% of premiums. Growth is being driven by a shift into short‑tail business and structured capital solutions—insurance GWP rose ~20% led by expanded classes and AXIS Capacity Solutions (ACS) (including FAL and the Ryan deal)—while reinsurance is being pared back in long‑tail lines (reinsurance GWP down 2% overall, long‑tail down 24%), and management expects reinsurance premiums could be down double digits in 2026. Management highlighted efficiency and capital actions: consolidated G&A ratio improved to 10.7%, AI and workflow initiatives materially cut processing times, AXIS returned $93 million to shareholders and approved an additional $300 million buyback authorization, and executives said reserve levels remain comfortable despite unrealized investment losses weighing on book value. Interested in Axis Capital Holdings Limited? Here are five stocks we like better. A Quiet Outperformer With a Catastrophe Caveat Axis Capital (NYSE:AXS) reported a strong start to 2026 as management pointed to underwriting profitability, premium growth driven by short-tail lines, and improved operating efficiency during the company’s first-quarter earnings call. President and CEO Vincent Tizzio said the company entered 2026 “well-positioned” after a period of portfolio remediation, highlighting benefits from changes to AXIS’ operating model and investments in “products, distribution, technology, and talent.” Tizzio cited an annualized return on average common equity of 17%, a combined ratio of 89.8%, and gross written premiums (GWP) of $3.1 billion, up nearly 11% year-over-year. He added that short-tail lines now represent 60% of overall premiums. → Corning Beats Q1 Estimates but Drops 9% on Guidance Miss Chief Financial Officer Matt Kirk, appearing on his first AXIS earnings call in the role, reported net income available to common shareholders of $247 million, or $3.29 per diluted share. Operating income was $257 million, or $3.42 per diluted share, translating to an annualized operating ROE of 18%. Kirk said catastrophe losses were $48 million, producing a cat loss ratio of 3.2%, “largely driven from extreme winter weather in the U....

American International Group, Inc. AIG reported first-quarter 2026 adjusted earnings per share of $2.11, which topped the Zacks Consensus Estimate of $1.90 per share. The bottom line surged 80.3% year over year. Adjusted operating revenues advanced 5.4% year over year to $6.97 billion. The top line beat the consensus mark by 1.2%. The strong quarterly results were driven by improved underwriting results in the North America Commercial and Global Personal segments, supported by lower catastrophe losses and reduced total losses and expenses. However, the upside was partly offset by lower investment income. American International Group, Inc. price-consensus-eps-surprise-chart | American International Group, Inc. Quote Net premiums written totaled $5.6 billion, reflecting 24% year-over-year growth, driven by 21% growth in Global Commercial and 11% growth in Global Personal. Total net investment income declined 36% year over year to $712 million, which missed the consensus mark by 29.7%. The decrease was primarily due to changes in the fair value of its investments in Corebridge and equity securities, partly offset by higher income from available-for-sale fixed maturity securities. AIG holds a 5.6% stake in Corebridge. Total benefits, losses and expenses amounted to $5.7 billion, down 2.7% year over year, mainly due to lower losses and loss adjustment expenses incurred. Adjusted return on equity improved 450 basis points year over year to 10.9%, reflecting enhanced profitability and capital efficiency. Underwriting income for the General Insurance segment rose to $774 million, reflecting a more than threefold increase over the previous year. This result significantly outperformed the Zacks Consensus Estimate by 33.9%. The segment’s combined ratio improved 850 basis points to 87.3%, reflecting significantly stronger underwriting performance compared with the prior-year quarter. The segment’s net premiums written increased 37% year over year to $1.6 billion in the first quarter. The uptick was driven by a combination of organic growth in high-priority areas, key renewals from the Everest Group partnership, and optimized reinsurance program changes. Underwriting income surged 153% year over year to $327 million. This increase was mainly driven by lower catastrophe-related losses and higher favorable prior-year development. The combined ratio improved 840 basis point...