AXIS Capital Holdings Limited (AXS)

AXIS Capital Holdings Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,070	1,009	1,082	376.29	223.08	618.61
Depreciation & Amortization	56.95	56.38	55.31	75.55	68.29	66.98
Stock-Based Compensation	51.28	45.21	42.73	54.12	48.49	37.74
Other Adjustments	-179.19	-175.37	32.15	18.84	394.74	-306.37
Changes in Receivables	31.57	-16.35	94.12	49.13	197.61	435.6
Changes in Reinsurance Contract Assets	-2,355	-2,515	-578.47	-920.42	-909.33	-923.67
Changes in Deferred Acquisition Costs	-144.86	-115.44	-84.84	11.78	-10.55	-34.39
Changes in Unearned Premiums	707.64	614.48	482.87	388.75	287.08	409.86
Changes in Claims Reserves	815.54	906.3	841.73	1,273	544.46	737.34
Changes in Other Operating Activities	121.74	149.82	-122.57	-71.48	-45.85	155.98
Operating Cash Flow	169.39	-40.93	1,845	1,256	798.04	1,198
Operating Cash Flow Growth	-90.43%	-	46.93%	57.33%	-33.37%	248.67%
Purchases of Investments	-8,857	-9,881	-11,184	-6,861	-8,268	-13,036
Proceeds from Sale of Investments	7,676	9,442	11,433	6,387	7,649	11,961
Other Investing Activities	-233.87	-189.95	31.05	-380.99	-142.65	-121.6
Investing Cash Flow	-1,414	-628.73	280.45	-855.61	-761.62	-1,197
Repurchase of Common Stock	-532	-914.28	-215.87	-23.6	-48.98	-10.24
Net Common Stock Issued (Repurchased)	-532	-914.28	-215.87	-23.6	-48.98	-10.24
Common Dividends Paid	-138.28	-142.73	-151.77	-153.78	-149.34	-145.6
Preferred Share Dividends Paid	-30.25	-30.25	-30.25	-30.25	-30.25	-30.25
Other Financing Activities	-	-	-19.41	5.25	78.95	-
Financing Cash Flow	-700.53	-1,087	-417.29	-202.37	-149.62	-186.1
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.94	14.48	-28.34	11.75	-29.83	-0.07
Net Cash Flow	-1,945	-1,742	1,680	209.33	-143.04	-185.54
Free Cash Flow	169.39	-40.93	1,845	1,256	798.04	1,198
Free Cash Flow Growth	-	-	46.93%	57.33%	-33.37%	248.67%
FCF Margin	2.53%	-0.62%	30.97%	22.25%	15.54%	22.51%
Free Cash Flow Per Share	2.19	-0.52	21.66	14.60	9.32	14.04
Levered Free Cash Flow	-574.22	-830.98	803.83	-169.78	-417.52	263.12
Unlevered Free Cash Flow	38.55	-130.89	720.95	43.83	-448.58	454.69

Updated Apr 29, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q