Axis Capital (AXS) reported $1.71 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 7.4%. EPS of $2.84 for the same period compares to $3.29 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.72 billion, representing a surprise of -1.01%. The company delivered an EPS surprise of -12.07%, with the consensus EPS estimate being $3.23.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Axis Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Acquisition Cost Ratio - Total: 20.8% compared to the 21% average estimate based on two analysts.

• Net loss and loss expense ratio - Insurance: 59.5% versus 57.2% estimated by two analysts on average.

• Net loss and loss expense ratio - Reinsurance: 68.2% compared to the 65.9% average estimate based on two analysts.

• Combined Ratio - Insurance: 90% versus the two-analyst average estimate of 89.7%.

• Combined Ratio - Reinsurance: 94.5% versus the two-analyst average estimate of 92.1%.

• General and Administrative Expense Ratio - Reinsurance: 3% compared to the 3.1% average estimate based on two analysts.

• Net loss and loss expense ratio - Total: 61.4% versus the two-analyst average estimate of 60.4%.

• Net premiums earned: $1.52 billion compared to the $1.51 billion average estimate based on two analysts. The reported number represents a change of +9% year over year.

• Other insurance related income (loss): $5.6 million versus the two-analyst average estimate of $5.58 million. The reported number represents a year-over-year change of -35.3%.

• Net investment income: $181.59 million versus $208.68 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3% change.

• Net Premiums Earned- Reinsurance Segment: $331.82 million versus the two-analyst average estimate of $388.99 million. The reported number represents a year-over-year change of -8%.

• Net Premiums Earned- Insurance Segment: $1.19 billion versus the two-analyst average estimate of $1.12 billion. The reported number represents a year-over-year change of +14.9%.