- AXIS delivered an annualized operating return on equity of 19% in Q2 2025, with record diluted book value per common share of $70.34, up 18.6% year-over-year.
- Catastrophe losses were $37 million, primarily from severe convective storms in the U.S., with a cat loss ratio of 2.6%.
- G&A ratio was 11.6%, slightly up from 11.4% a year ago due to severance and IT investments.
- Insurance segment gross premiums written were $1.9 billion, a 7% increase year-over-year, with an overall combined ratio of 85.3%.
- Investment income was strong at $187 million, benefiting from FX and a market yield of 5% above the 4.6% book yield.
- Net income available to common shareholders was $216 million or $2.72 per diluted common share; operating income was $261 million or $3.29 per diluted common share.
- Operating earnings per share reached an all-time high of $3.29, a 12% increase over the prior year quarter.
- Record second quarter premiums totaled $2.5 billion, including $732 million in new business, with a combined ratio of 88.9%.
- Reinsurance segment gross premiums were down 6.8%, with a combined ratio of 92% and underwriting income of $38 million.
- Reserve releases totaled $20 million from short-tail lines, split between insurance and reinsurance.
Explore Similar Insights
- Expense ratio improved to 28.5%, aided by scale in start-up units and technology-driven operational efficiencies.
- Net income of $511 million or $1.28 per share, with a 24.3% return on beginning of year equity, up nearly 40% from prior year quarter.
- Net premiums earned reached a record $3.2 billion, with gross and net premiums written at $3.8 billion and $3.2 billion respectively, growing across all lines.
- Operating income increased 12% to $440 million or $1.10 per share, with a 21% return on beginning of year equity.
- Pretax net investment income grew to $351 million, driven by 9.4% growth in core portfolio; fixed maturity portfolio book yield at 4.8%.
- Pretax underwriting income rose 8.2% to $287 million; calendar year combined ratio was 90.9%, accident year combined ratio ex cat was 88.4%.
- Stockholders' equity hit a record $9.8 billion, up 16.7% year-to-date, with financial leverage at historic lows of 22.5%.
- Strong operating cash flow of $2.6 billion year-to-date supports investment portfolio growth and capital return initiatives.
- Allowance for credit losses on loans was $83.2 million or 1.14% of loans, down 1 basis point from Q1.
- Annualized ROAA was 1.01% and ROATCE was 12.16%.
- During the quarter, 791,000 shares were repurchased at an average price of $26.08.
- Excluding purchase accounting accretion, net interest income was $93.1 million and margin was 3.95%, down slightly from 3.97%.
- Net interest income was $98.3 million, slightly down from $99.3 million in Q1, with net interest margin at 4.18% versus 4.2% in Q1.
- Non-interest expense was flat at approximately $70 million, better than planned.
- Non-interest income was $5.8 million, up from $5.5 million, boosted by Federal Reserve Bank dividend income from new Fed membership.
- Provision for credit losses was $1.1 million, driven by increased allowance for unfunded commitments and minimal net charge-offs.
- Stellar Bank reported Q2 2025 net income of $26.4 million or $0.51 per diluted share, up from $24.7 million or $0.46 per share in Q1.
- Tangible book value increased 10.8% year-over-year from $18 to $19.94 per share after dividends and share repurchases.
- Total risk-based capital was 15.98%, stable from 15.97% in Q1.
- Analytics recurring sales hit a Q2 record, driven mainly by equity risk models.
- Equity index ETF AUM linked to MSCI indices surpassed $2 trillion, with total index ETF and non-ETF AUM at $6 trillion.
- Fixed income index ETF AUM linked to MSCI indices reached $84 billion, contributing to the highest quarterly ABF revenue ever.
- MSCI Inc. delivered strong Q2 2025 financial results with revenue growth over 9%, adjusted EBITDA growth over 10%, adjusted EPS growth nearly 15%, and free cash flow exceeding $300 million.
- Private capital solutions run rate grew nearly 13%, with new product launches and strong client interest.
- Retention rates remained stable overall but showed softness in analytics, sustainability, and hedge funds segments.
- Subscription run rate growth was double-digit across banks, broker-dealers, wealth managers, hedge funds, and asset owners, with active asset managers holding steady at 6%.
- Sustainability and climate subscription run rate grew 11%, with climate solutions growing nearly 20%.
- Total run rate growth was 11%, driven by record ETF AUM linked to MSCI indices, with asset-based fee (ABF) run rate growth of 17%.
- Year-to-date, MSCI repurchased $286 million of shares at an average price of $557, reflecting confidence in the franchise.
- Bank lending balances rose sequentially to $174 billion, supporting net interest income growth to $2 billion.
- Institutional Securities revenues were $8.5 billion, driven by strong investment banking and equities performance.
- Investment Management reached a record $1.8 trillion in assets under management (AUM) with $1.7 billion in revenues.
- Morgan Stanley reported record revenues of $18.2 billion and EPS of $2.80 for Q3 2025.
- Net new assets totaled $81 billion, with fee-based flows exceeding $40 billion for the second consecutive quarter.
- Return on tangible common equity (ROTCE) was strong at 23.5%, reflecting operating leverage.
- Total client assets increased by $1.3 trillion year-over-year to $8.9 trillion.
- Wealth Management achieved record revenues over $8 billion with a 30.3% margin.
Dafinchi