Axis Capital Q2 FY26 net income rises 16% to $251 million; combined ratio widens 4.2 percentage points to 93.1% - AXS News | RalliesAxis Capital Q2 FY26 net income rises 16% to $251 million; combined ratio widens 4.2 percentage points to 93.1%
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AXS• Q2 FY26 results
- Axis Capital posted Q2 net income available to common shareholders of $251 million, up 16%, or $3.38 per diluted share.
- The combined ratio widened 4.2 percentage points to 93.1%, producing underwriting income of $143 million, down 24%.
- Gross premiums written rose 6% to $2.7 billion, with insurance up 15% to $2.23 billion while reinsurance dropped 25% to $439 million.
- Book value per diluted share climbed to $80.67, up 14.7% year over year; total capital returned totaled $122 million.
- CEO Vince Tizzio cited an evolving risk landscape tied to the Middle East conflict, with Q2 catastrophe and weather-related losses of $80 million.
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