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AXIS CAPITAL HOLDINGS LTD（AXS）与Brighthouse Financial, Inc.（BHF）财务数据对比。点击上方公司名可切换其他公司
AXIS CAPITAL HOLDINGS LTD的季度营收约是Brighthouse Financial, Inc.的1.0倍（$1.7B vs $1.7B），AXIS CAPITAL HOLDINGS LTD净利率更高（16.7% vs 8.1%，领先8.6%），Brighthouse Financial, Inc.同比增速更快（40.2% vs 17.8%），过去两年AXIS CAPITAL HOLDINGS LTD的营收复合增速更高（10.3% vs 9.8%）
AXIS资本控股有限公司是AXIS集团的控股主体，通过百慕大、美国、加拿大、欧洲及新加坡的子公司与分支机构网络，提供各类风险转移产品及服务。保险业务覆盖财产、职业责任、恐怖主义、航运、能源、环境等领域，再保险业务包含财产、职业责任、信用债券等品类。
Brighthouse Financial是总部位于美国北卡罗来纳州夏洛特的保险公司，核心业务为销售年金和人寿保险产品。截至2018年3月，该公司是美国规模领先的年金和人寿保险提供商之一，总资产达2190亿美元，有效保单及年金合约数量约260万份。
AXS vs BHF — 直观对比
营收规模更大
AXS
是对方的1.0倍
$1.7B
营收增速更快
BHF
高出22.3%
17.8%
净利率更高
AXS
高出8.6%
8.1%
两年增速更快
AXS
近两年复合增速
9.8%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.7B | $1.7B |
| 净利润 | $289.6M | $137.0M |
| 毛利率 | — | — |
| 营业利润率 | 19.0% | 8.9% |
| 净利率 | 16.7% | 8.1% |
| 营收同比 | 17.8% | 40.2% |
| 净利润同比 | -1.4% | -79.6% |
| 每股收益（稀释后） | $3.63 | $1.84 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收AXSBHF
| Q4 25 | $1.7B | $1.7B | ||
| Q3 25 | $1.7B | $1.8B | ||
| Q2 25 | $1.6B | $871.0M | ||
| Q1 25 | $1.5B | $2.4B | ||
| Q4 24 | $1.5B | $1.2B | ||
| Q3 24 | $1.6B | $2.0B | ||
| Q2 24 | $1.5B | $1.4B | ||
| Q1 24 | $1.4B | — |
净利润AXSBHF
| Q4 25 | $289.6M | $137.0M | ||
| Q3 25 | $301.9M | $479.0M | ||
| Q2 25 | $223.4M | $85.0M | ||
| Q1 25 | $194.1M | $-268.0M | ||
| Q4 24 | $293.6M | $671.0M | ||
| Q3 24 | $180.7M | $176.0M | ||
| Q2 24 | $212.0M | $34.0M | ||
| Q1 24 | $395.5M | — |
营业利润率AXSBHF
| Q4 25 | 19.0% | 8.9% | ||
| Q3 25 | 22.1% | 32.2% | ||
| Q2 25 | 17.2% | 10.7% | ||
| Q1 25 | 15.5% | -14.8% | ||
| Q4 24 | 18.6% | 69.2% | ||
| Q3 24 | 14.2% | 9.3% | ||
| Q2 24 | 17.4% | 1.0% | ||
| Q1 24 | 19.0% | — |
净利率AXSBHF
| Q4 25 | 16.7% | 8.1% | ||
| Q3 25 | 18.0% | 26.4% | ||
| Q2 25 | 13.7% | 9.8% | ||
| Q1 25 | 12.8% | -11.2% | ||
| Q4 24 | 20.0% | 55.7% | ||
| Q3 24 | 11.2% | 8.7% | ||
| Q2 24 | 14.6% | 2.4% | ||
| Q1 24 | 27.8% | — |
每股收益（稀释后）AXSBHF
| Q4 25 | $3.63 | $1.84 | ||
| Q3 25 | $3.74 | $7.89 | ||
| Q2 25 | $2.72 | $1.02 | ||
| Q1 25 | $2.26 | $-5.04 | ||
| Q4 24 | $3.38 | $10.27 | ||
| Q3 24 | $2.04 | $2.47 | ||
| Q2 24 | $2.40 | $0.12 | ||
| Q1 24 | $4.53 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $820.3M | — |
| 总债务越低越好 | — | $3.2B |
| 股东权益账面价值 | $6.4B | $6.8B |
| 总资产 | $34.5B | $241.8B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资AXSBHF
| Q4 25 | $820.3M | — | ||
| Q3 25 | $825.9M | — | ||
| Q2 25 | $852.1M | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.1B | $1.9B | ||
| Q3 24 | $981.0M | $1.8B | ||
| Q2 24 | $1.1B | $1.4B | ||
| Q1 24 | $1.1B | — |
总债务AXSBHF
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $3.2B | ||
| Q2 25 | — | $3.2B | ||
| Q1 25 | — | $3.2B | ||
| Q4 24 | — | $3.2B | ||
| Q3 24 | — | $3.2B | ||
| Q2 24 | — | $3.2B | ||
| Q1 24 | — | — |
股东权益AXSBHF
| Q4 25 | $6.4B | $6.8B | ||
| Q3 25 | $6.4B | $6.4B | ||
| Q2 25 | $6.2B | $5.7B | ||
| Q1 25 | $5.9B | $5.2B | ||
| Q4 24 | $6.1B | $5.0B | ||
| Q3 24 | $6.1B | $5.5B | ||
| Q2 24 | $5.7B | $4.1B | ||
| Q1 24 | $5.5B | — |
总资产AXSBHF
| Q4 25 | $34.5B | $241.8B | ||
| Q3 25 | $34.3B | $244.7B | ||
| Q2 25 | $34.2B | $242.6B | ||
| Q1 25 | $33.2B | $234.7B | ||
| Q4 24 | $32.5B | $238.5B | ||
| Q3 24 | $32.7B | $245.2B | ||
| Q2 24 | $32.1B | $237.4B | ||
| Q1 24 | $31.8B | — |
负债/权益比AXSBHF
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.50× | ||
| Q2 25 | — | 0.56× | ||
| Q1 25 | — | 0.60× | ||
| Q4 24 | — | 0.64× | ||
| Q3 24 | — | 0.57× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $630.4M | $-3.0M |
| 自由现金流经营现金流 - 资本支出 | — | — |
| 自由现金流率自由现金流/营收 | — | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 2.18× | -0.02× |
| 过去12个月自由现金流最近4个季度 | — | — |
8季度趋势，按日历期对齐
经营现金流AXSBHF
| Q4 25 | $630.4M | $-3.0M | ||
| Q3 25 | $673.8M | $117.0M | ||
| Q2 25 | $-1.7B | $-1.0M | ||
| Q1 25 | $309.1M | $146.0M | ||
| Q4 24 | $355.5M | $-118.0M | ||
| Q3 24 | $587.0M | $24.0M | ||
| Q2 24 | $518.1M | $334.0M | ||
| Q1 24 | $384.1M | — |
现金转化率AXSBHF
| Q4 25 | 2.18× | -0.02× | ||
| Q3 25 | 2.23× | 0.24× | ||
| Q2 25 | -7.41× | -0.01× | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 1.21× | -0.18× | ||
| Q3 24 | 3.25× | 0.14× | ||
| Q2 24 | 2.44× | 9.82× | ||
| Q1 24 | 0.97× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
AXS
| Reinsurance | $1.4B | 82% |
| Other | $311.3M | 18% |
BHF
| Annuities | $926.0M | 55% |
| Runoff | $319.0M | 19% |
| Life | $298.0M | 18% |
| Other | $78.0M | 5% |
| Distribution Service | $66.0M | 4% |
| Accident And Health Insurance Segment | $2.0M | 0% |
