Filing Flows › Axis Capital Holdings (AXS) › Q1 2025
Axis Capital Holdings (AXS) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Axis Capital Holdings (AXS) reported revenue of $1.5B for the first quarter 2025 (Q1 2025), +7% from a year earlier and +3% from the quarter before. Operating margin was 15.5%, net earnings $194M (12.8% of revenue).
Axis Capital Holdings, Q1 2025: revenue $1.5B (+7% year over year), operating margin 15.5%, net earnings $194M, operating cash flow $309M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.5B | +3% | +7% |
| Operating profit | $236M | -12% | -12% |
| Net earnings | $194M | -34% | -51% |
| Operating cash flow | $309M | -13% | -20% |
What changed
Revenue was $1.5B in Q1 2025, up 7% year over year and up 3% from the previous quarter.
Operating profit was $0.24B, a 15.5% margin (down 3.4 points year over year). Operating profit fell $0.03B even though revenue rose $0.10B versus a year earlier, so costs grew faster than sales. Total costs grew 11% against revenue growth of 7%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were $0.19B, down 51% year over year. The effective tax rate was 18.6%.
Operating cash flow was $0.31B (down 20% year over year), 159% of net earnings. Non-cash charges added back $0.01B of share-based compensation. Working capital and other items added $0.10B.
Questions
What was Axis Capital Holdings' revenue in the first quarter 2025?
Axis Capital Holdings (AXS) reported revenue of $1.5B for the first quarter 2025 (Q1 2025), +7% from a year earlier and +3% from the quarter before.
Was Axis Capital Holdings profitable in the first quarter 2025?
Operating profit was $236M (15.5% of revenue) and net earnings $194M.