AXIS Capital announced a new open‑ended share repurchase program authorizing the purchase of up to $300 million of its common shares, supplementing an existing buy‑back authorization that had $112 million remaining as of December 31 2025.
The existing authorization stems from a $400 million program approved on February 21 2025, which replaced a prior $300 million program authorized on September 17 2025. Between October 1 and December 31 2025, AXIS repurchased 2,930,273 shares for $291.53 million, and on November 19 2025 it agreed to buy 2,404,133 shares from T‑VIII PubOpps LP for approximately $238 million, fully utilizing the capacity announced on September 17 2025.
AXIS’s Q4 2025 results—net income of $282 million and a combined ratio of 90.4%—demonstrated strong underwriting profitability and cash‑flow generation. The company’s operating income of $250 million and earnings per share of $3.67 per diluted share underscored its ability to sustain capital returns while maintaining a solid financial footing.
The new program signals AXIS’s confidence in its cash‑flow outlook and its commitment to returning value to shareholders. By keeping the buyback open‑ended and tying execution to market, economic, corporate, and regulatory conditions, the board allows the company to capitalize on favorable pricing while preserving flexibility for future strategic needs.
Investors responded positively to the announcement, reflecting confidence in AXIS’s financial performance and its proactive capital‑return strategy.
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