Buyback Radar
Company reports

Axis Capital

AXS

Axis Capital has retired 53.1% of its shares since 2004, from 155,619,498 to 72,966,317.

53.1%retired since 2004
13.9%last 5 years
5.3%last 12 months
73Mshares today

At $99.63 a share, a market value of $7.3B. P/E 6.8, trailing twelve months to March 2026.

Shares outstanding, 2003 to todaysplit adjusted, from SEC filings
a quarter gone 2012half gone 2024156M shares, 200473M20052010201520202025
2003, 152,474,0112026-07-24, 72,966,317
A share bought in 2003
2.1× more of Axis Capital today, without buying another share. It was one of 152,474,011 shares then. It is one of 72,966,317 now.
Every filing we read23 fiscal years, split adjusted
Fiscal yearDateShares outstandingFiling
20032004-01-31152,474,01110-Kcover page
20042005-01-31155,619,49810-Kcover page
20052006-02-28151,129,07910-Kcover page
20062007-02-23152,215,44610-Kcover page
20072008-02-20151,332,32310-Kcover page
20082009-02-19141,804,21210-Kcover page
20092009-12-31132,140,00010-K
20102011-02-14117,399,32010-K
20112012-02-07130,847,29210-K
20122013-02-08122,053,57510-K
20132014-02-10112,059,57610-K
20142015-02-11100,838,70410-K
20152016-02-1794,912,45810-K
20162017-02-1786,118,54010-K
20172018-02-2083,228,82910-K
20182019-02-2083,628,65110-K
20192020-02-2184,002,30010-K
20202021-02-2284,407,25710-K
20212022-02-2284,802,31810-K
20222023-02-2284,710,66210-K
20232024-02-2384,447,01410-K
20242025-02-2180,786,58410-K
20252026-02-2373,965,93910-K

Source: all 10-K filings of Axis Capital on EDGAR. Download this series as CSV. Licence CC BY 4.0, credit Buyback Radar.

The story

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What the buybacks cost, fiscal 2008 to 2025cash flow statement against share count
$4.8Bspent on buybacks
77Mfewer shares outstanding
12.2%buyback yield, last fiscal year’s spend on today’s market value

Cash spent comes from the cash flow statement. Shares outstanding fell by less than the company bought, because part of every buyback only replaces shares handed to employees. Today’s price is $99.63.

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Axis Capital buybacks, answered

Is Axis Capital buying back its stock?

Yes. Axis Capital has 5.3% fewer shares outstanding than twelve months ago, 72,966,317 as of July 24, 2026. Over five years the share count is down 13.9%.

How many shares has Axis Capital bought back?

Net of every new share it issued, Axis Capital has 82.7 million fewer shares than at its 2004 peak. That is 53.1% of the company.

How many shares does Axis Capital have outstanding?

72,966,317 shares, as of July 24, 2026, from the cover page of its latest 10-Q. At the 2004 peak it had 155,619,498.

What do Axis Capital's buybacks mean for a shareholder?

Each share is a bigger slice of the company. Someone who held Axis Capital stock in 2004 owns 2.1 times as much of the business today without buying another share. Whether that was a good use of cash depends on the price paid.

How does Axis Capital compare with other cannibal stocks?

Axis Capital ranks No. 74 of 467 companies on Buyback Radar by share of the company retired since its peak. Close to it on the list: Landstar System (53.2%), Crocs (53.2%), CSX (53.1%), Spectrum Brands (52.9%).

Every answer is computed from Axis Capital's own SEC filings and rebuilt every Monday. Latest count: 10-Q on EDGAR.

Insider buying, last 12 months

No open-market purchases reported in the last 12 months.

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