AXIS CAPITAL HOLDINGS LIMITED (AXS) FY2026 YTD Q2 Statement of Cash Flows
2026-01-01 to 2026-06-30
Statement of Cash Flows
2026-01-01 to 2026-06-30
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Chart details
AXIS CAPITAL HOLDINGS LIMITED cash flow reconciliation, Jan 1, 2026 through Jun 30, 2026
Cash flows for Jan 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2025
- 1,321,185,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 1,150,940,000 US dollars. Net cash provided.
- Net income
- 512,859,000 US dollars
- Net investment (gains) losses
- negative 21,242,000 US dollars
- Net realized and unrealized gains on other investments
- negative 22,899,000 US dollars
- Amortization of fixed maturities
- negative 20,042,000 US dollars
- Interest in income of equity method investments
- negative 5,738,000 US dollars
- Other amortization and depreciation
- 29,479,000 US dollars
- Share-based compensation expense
- 31,076,000 US dollars
- Accrued interest receivable
- negative 8,303,000 US dollars
- Reinsurance recoverable on unpaid losses and loss expenses
- negative 11,447,000 US dollars
- Reinsurance recoverable on paid losses and loss expenses
- 21,771,000 US dollars
- Deferred acquisition costs
- negative 146,218,000 US dollars
- Prepaid reinsurance premiums
- negative 483,932,000 US dollars
- Reserve for losses and loss expenses
- 522,713,000 US dollars
- Unearned premiums
- 997,632,000 US dollars
- Insurance and reinsurance balances, net
- negative 145,475,000 US dollars
- Other items
- negative 99,294,000 US dollars
- Investing activities
- negative 979,633,000 US dollars. Net cash used.
- Fixed maturities, available for sale
- negative 5,401,587,000 US dollars
- Fixed maturities, held to maturity
- negative 95,614,000 US dollars
- Equity securities
- negative 51,702,000 US dollars
- Mortgage loans
- negative 11,403,000 US dollars
- Other investments
- negative 70,738,000 US dollars
- Equity method investments
- negative 10,459,000 US dollars
- Short-term investments
- negative 415,000 US dollars
- Fixed maturities, available for sale
- 3,848,161,000 US dollars
- Equity securities
- 30,326,000 US dollars
- Other investments
- 55,537,000 US dollars
- Equity method investments
- 39,716,000 US dollars
- Short-term investments
- 17,377,000 US dollars
- Proceeds from redemption of fixed maturities, available for sale
- 719,508,000 US dollars
- Proceeds from redemption of fixed maturities, held to maturity
- 86,075,000 US dollars
- Proceeds from redemption of equity securities (preferred stock)
- 8,517,000 US dollars
- Proceeds from redemption of short-term investments
- 509,000 US dollars
- Proceeds from the repayment of mortgage loans
- 28,330,000 US dollars
- Purchase of other assets
- negative 28,562,000 US dollars
- Loan advances made
- negative 143,209,000 US dollars
- Financing activities
- negative 268,532,000 US dollars. Net cash used.
- Repurchase of common shares
- negative 148,775,000 US dollars
- Taxes paid on withholding shares
- negative 30,934,000 US dollars
- Dividends paid - common shares
- negative 68,448,000 US dollars
- Dividends paid - preferred shares
- negative 15,125,000 US dollars
- Repayment of Federal Home Loan Bank advances
- negative 5,250,000 US dollars
- Operating adjustment reconciliation
- 1,602,671,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 268,532,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 5,813,689,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- negative 902,000 US dollars
- Ending cash on Jun 30, 2026
- 1,223,058,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 2,472,125,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 98,127,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 2.24×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $638.08M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
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