Axis Capital Financial Statements From 2010 to 2022

AXS
 Stock
  

USD 51.17  0.61  1.21%   

Axis Capital financial statements provide useful quarterly and yearly information to potential Axis Capital Holdings investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Axis Capital financial statements helps investors assess Axis Capital's valuation, profitability, and current liquidity needs.
There are over seventy-seven available fundamental signals for Axis Capital Holdings, which can be analyzed over time and compared to other ratios. Please make sure to validate Axis Capital's prevailing fundamental performance against the performance between 2010 and 2022 to make sure the trends are evolving in the right direction.
Axis Capital Earnings Before Interest Taxes and Depreciation Amortization EBITDA are relatively stable at the moment as compared to the past year. Axis Capital reported last year Earnings Before Interest Taxes and Depreciation Amortization EBITDA of 810.27 Million. As of 08/08/2022, Earnings before Tax is likely to grow to about 734.8 M, while Average Equity is likely to drop slightly above 5.2 B.
  
Check Axis Capital financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Axis Capital main balance sheet or income statement drivers, such as Consolidated Income of 667.4 M, Cost of Revenue of 3.1 B or Earning Before Interest and Taxes EBIT of 802 M, as well as many exotic indicators such as Asset Turnover of 0.19, Book Value per Share of 67.5 or Debt to Equity Ratio of 3.87. Axis Capital financial statements analysis is a perfect complement when working with Axis Capital Valuation or Volatility modules. It can also supplement Axis Capital's financial leverage analysis and stock options assessment as well as various Axis Capital Technical models . Please continue to the analysis of Axis Capital Correlation against competitors.

Axis Capital Revenues

5.4 Billion

Axis Capital Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets27.3 B27.4 B22.3 B
Increasing
Slightly volatile
Cash and Equivalents1.4 B1.3 B1.3 B
Increasing
Slightly volatile
Investments16 B15.1 B13.9 B
Increasing
Slightly volatile
Deferred RevenueB4.1 B3.2 B
Increasing
Slightly volatile
Property Plant and Equipment Net101.8 M103.3 M110.7 M
Decreasing
Stable
Trade and Non Trade Receivables7.2 BB4.3 B
Increasing
Slightly volatile
Trade and Non Trade Payables1.2 B1.4 B786.5 M
Increasing
Slightly volatile
Goodwill and Intangible Assets279.4 M309.5 M199.4 M
Increasing
Slightly volatile
Total Liabilities21.2 B22 B16.7 B
Increasing
Slightly volatile
Shareholders Equity5.2 B5.4 B5.6 B
Decreasing
Slightly volatile
Accumulated Retained Earnings Deficit6.5 B6.2 B5.6 B
Increasing
Slightly volatile
Accumulated Other Comprehensive Income72.4 M56.5 M77.8 M
Decreasing
Very volatile
Total Debt1.5 B1.4 B1.2 B
Increasing
Slightly volatile
Shareholders Equity USD5.2 B5.4 B5.6 B
Decreasing
Slightly volatile
Cash and Equivalents USD1.4 B1.3 B1.3 B
Increasing
Slightly volatile
Total Debt USD1.5 B1.4 B1.2 B
Increasing
Slightly volatile

Axis Capital Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Revenues5.4 B5.3 B4.5 B
Increasing
Slightly volatile
Cost of Revenue3.1 BB2.7 B
Increasing
Slightly volatile
Selling General and Administrative Expense691.3 M663.3 M588.6 M
Increasing
Slightly volatile
Operating Expenses1.7 B1.6 B1.4 B
Increasing
Slightly volatile
Interest Expense69.2 M62.3 M63.3 M
Increasing
Stable
Income Tax Expense67.3 M62.4 M13.9 M
Increasing
Slightly volatile
Consolidated Income667.4 M618.6 M345.4 M
Increasing
Very volatile
Net Income667.4 M618.6 M345.9 M
Increasing
Very volatile
Preferred Dividends Income Statement Impact31.6 M27.2 M39.8 M
Decreasing
Slightly volatile
Net Income Common Stock634.8 M588.4 M305.8 M
Increasing
Very volatile
Weighted Average Shares85.6 M84.7 M98.5 M
Decreasing
Slightly volatile
Weighted Average Shares Diluted86.5 M85.3 M100.1 M
Decreasing
Slightly volatile
Earning Before Interest and Taxes EBIT802 M743.3 M422.9 M
Increasing
Very volatile
Revenues USD5.4 B5.3 B4.5 B
Increasing
Slightly volatile
Net Income Common Stock USD634.8 M588.4 M305.8 M
Increasing
Very volatile
Earning Before Interest and Taxes USD802 M743.3 M422.9 M
Increasing
Very volatile
Gross Profit2.3 B2.3 B1.8 B
Increasing
Slightly volatile
Operating Income767.7 M711.5 M403.2 M
Increasing
Very volatile

Axis Capital Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Net Cash Flow Investment Acquisitions and Disposals(1.1 B)(1.1 B)(351.6 M)
Increasing
Stable
Net Cash Flow from Financing(200.8 M)(186.1 M)(357.9 M)
Increasing
Stable
Issuance Repayment of Debt Securities (461.8 M)(450 M)25.6 M
Decreasing
Stable
Net Cash Flow from Investing(1.1 B)(1.1 B)(387.5 M)
Increasing
Stable
Net Cash Flow from Operations1.2 B1.1 B752.9 M
Decreasing
Slightly volatile
Effect of Exchange Rate Changes on Cash (75.9 K)(74 K)1.1 M
Increasing
Slightly volatile
Net Cash Flow or Change in Cash and Cash Equivalents(190.4 M)(185.5 M)4.9 M
Decreasing
Stable
Share Based Compensation37.8 M37.7 M42 M
Decreasing
Slightly volatile
Depreciation Amortization and Accretion55.2 M67 M34.7 M
Increasing
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Earnings per Basic Share7.56.953.3308
Increasing
Stable
Earnings per Diluted Share7.456.93.2906
Increasing
Stable
Earnings per Basic Share USD7.56.953.3308
Increasing
Stable
Dividends per Basic Common Share1.661.691.3318
Increasing
Slightly volatile
Return on Average Equity0.120.110.0577
Increasing
Very volatile
Return on Average Assets0.01770.0210.0144
Decreasing
Stable
Return on Invested Capital0.02240.0270.0188
Decreasing
Stable
Gross Margin0.40.4350.3997
Increasing
Very volatile
Profit Margin0.0910.1110.0709
Decreasing
Very volatile
EBITDA Margin0.120.1520.0995
Decreasing
Stable
Return on Sales0.110.140.0924
Decreasing
Stable
Asset Turnover0.190.1940.2019
Decreasing
Slightly volatile
Payout Ratio0.250.2431.8848
Decreasing
Slightly volatile
Enterprise Value over EBITDA5.775.61951.6248
Increasing
Stable
Enterprise Value over EBIT5.196.06.9377
Decreasing
Slightly volatile
Price to Earnings Ratio8.057.83765.9347
Decreasing
Slightly volatile
Sales per Share60.7162.82547.4629
Increasing
Slightly volatile
Price to Sales Ratio0.910.8671.0661
Decreasing
Slightly volatile
Price to Book Value0.940.8530.8525
Increasing
Slightly volatile
Debt to Equity Ratio3.874.0583.014
Increasing
Slightly volatile
Dividend Yield0.03180.0310.0274
Increasing
Slightly volatile
Free Cash Flow per Share14.213.1617.3882
Decreasing
Very volatile
Book Value per Share67.563.87558.1404
Increasing
Slightly volatile
Tangible Assets Book Value per Share304319234
Increasing
Slightly volatile

Axis Capital Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Earnings before Tax734.8 M681 M359.7 M
Increasing
Very volatile
Earnings Before Interest Taxes and Depreciation Amortization EBITDA874.2 M810.3 M458.9 M
Increasing
Very volatile
Earnings Before Interest Taxes and Depreciation Amortization USD874.2 M810.3 M458.9 M
Increasing
Very volatile
Market Capitalization4.4 B4.6 B4.7 B
Decreasing
Very volatile
Enterprise Value4.4 B4.6 B4.6 B
Increasing
Very volatile
Invested Capital27 B27.2 B22 B
Increasing
Slightly volatile
Average Equity5.2 B5.3 B5.5 B
Decreasing
Slightly volatile
Average Assets27.4 B27.5 B22.4 B
Increasing
Slightly volatile
Invested Capital Average27 B27.1 B22.1 B
Increasing
Slightly volatile
Tangible Asset Value27 B27.1 B22.1 B
Increasing
Slightly volatile
Free Cash Flow1.2 B1.1 B752.9 M
Decreasing
Slightly volatile

Axis Capital Fundamental Market Drivers

Forward Price Earnings6.95
Short Percent Of Float1.00%
Average Daily Volume Last 10 Day510.35k
Shares Short Prior Month862.07k
Average Daily Volume In Three Month483.5k
Date Short Interest15th of July 2022
Fifty Day Average55.08
Two Hundred Day Average54.92

Axis Capital Upcoming Events

Upcoming Quarterly Report26th of January 2022
Next Financial Report27th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End26th of January 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

About Axis Capital Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Axis Capital income statement, its balance sheet, and the statement of cash flows. Axis Capital investors use historical funamental indicators, such as Axis Capital's revenue or net income, to determine how well the company is positioned to perform in the future. Although Axis Capital investors may use each financial statement separately, they are all related. The changes in Axis Capital's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Axis Capital's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Axis Capital Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Axis Capital. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Deferred Revenue4.1 BB
Cost of RevenueB3.1 B
Revenues5.3 B5.4 B
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. The company was founded in 2001 and is headquartered in Pembroke, Bermuda. Axis Capital operates under InsuranceProperty Casualty classification in the United States and is traded on New York Stock Exchange. It employs 2082 people.

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Pair Trading with Axis Capital

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Axis Capital position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Axis Capital will appreciate offsetting losses from the drop in the long position's value.

Moving together with Axis Capital

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Moving against Axis Capital

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The ability to find closely correlated positions to Axis Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Axis Capital when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Axis Capital - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Axis Capital Holdings to buy it.
The correlation of Axis Capital is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Axis Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Axis Capital Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Axis Capital can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to the analysis of Axis Capital Correlation against competitors. Note that the Axis Capital Holdings information on this page should be used as a complementary analysis to other Axis Capital's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

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Is Axis Capital's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Axis Capital. If investors know Axis Capital will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Axis Capital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
-0.88
Market Capitalization
4.3 B
Quarterly Revenue Growth YOY
-0.11
Return On Assets
0.0086
Return On Equity
0.088
The market value of Axis Capital Holdings is measured differently than its book value, which is the value of Axis Capital that is recorded on the company's balance sheet. Investors also form their own opinion of Axis Capital's value that differs from its market value or its book value, called intrinsic value, which is Axis Capital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Axis Capital's market value can be influenced by many factors that don't directly affect Axis Capital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Axis Capital's value and its price as these two are different measures arrived at by different means. Investors typically determine Axis Capital value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Axis Capital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.