Axis Cap Hldgs Ltd Stock Price, News & Analysis

AXIS Capital (NYSE: AXS) has announced its latest quarterly dividend declarations. The company's Board of Directors has approved a quarterly dividend of $0.44 per common share, which will be paid on July 17, 2025, to shareholders of record as of June 30, 2025. Additionally, the Board has declared a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share), also payable on July 17, 2025, to shareholders of record as of June 30, 2025.

An AXIS Capital (NYSE: AXS) and Harris Poll survey reveals concerning mental health trends in the insurance industry. The study, conducted in April 2025 with 405 insurance professionals from the US and UK, shows that 88% acknowledge widespread stress and anxiety in the sector. Key findings include: 77% of employees sought mental health support in the past year, with higher rates among younger workers. UK employees report more stress (82%) compared to US (60%), correlating with increased workloads. 80% believe insurance lags behind other industries in mental health initiatives. While most employees are satisfied with work models (88%) and work-life balance (75%), only 64% are content with employer mental health resources. In response, AXIS has implemented new programs including a paid Mental Health Day and expanded educational resources.

AXIS Capital reported strong Q1 2025 financial results with net income of $187 million ($2.26 per diluted share) and operating income of $261 million ($3.17 per diluted share). The company achieved a combined ratio of 90.2% and record-level book value per diluted share of $66.48.

Key highlights include:

• Annualized operating return on equity of 19.2%
• Insurance segment delivered 86.7% combined ratio with $1.7B in gross premiums
• Reinsurance segment achieved 92.3% combined ratio with $1.1B in premiums
• Net investment income increased 24% to $208 million
• Book value per share grew 16.4% over 12 months

The company completed a loss portfolio transfer agreement with Enstar, covering $3.1B in net reserves. Despite active natural catastrophes including wildfires, AXIS maintained strong performance with catastrophe losses of $49 million, representing just 0.09% of industry losses.

AXIS Capital Holdings (NYSE: AXS) and Enstar Group (Nasdaq: ESGR) have successfully completed a previously announced loss portfolio transfer (LPT) transaction. The agreement covers $3.1 billion in reinsurance segment reserves from 2021 and prior underwriting years, primarily related to casualty portfolios.

The transaction is structured as a 75% ground-up quota share, with AXIS transferring $2.3 billion of reinsurance segment reserves to Enstar's subsidiary, Cavello Bay Reinsurance , which maintains S&P and AM Best 'A' financial strength ratings. The completion follows regulatory approvals and satisfaction of closing conditions.

AXIS Capital Holdings (NYSE: AXS) has scheduled the release of its first quarter 2025 financial results on Wednesday, April 30, 2025, after market close. The company will host an investor teleconference on Thursday, May 1, 2025, at 8:30 a.m. ET.

President and CEO Vince Tizzio and CFO Peter Vogt will lead the conference call to discuss Q1 results and related matters. Investors can access the call through various channels, including U.S., Canadian, and international dial-in numbers, or via a live webcast on the company's website.

AXIS Capital (NYSE: AXS) has announced two significant shareholder-focused initiatives. The Board of Directors declared a quarterly dividend of $0.44 per common share, payable on April 17, 2025, to shareholders of record as of March 31, 2025. Additionally, a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) was declared with the same payment and record dates.

The company also unveiled a new $400 million share repurchase program, replacing the previous $300 million program which had been exhausted. This open-ended program allows AXIS Capital to repurchase shares opportunistically in both open market and private transactions, with timing and amount dependent on market, economic, corporate, and regulatory conditions.

AXIS Capital (NYSE: AXS) reported strong Q4 2024 financial results with net income of $286 million ($3.38 per diluted share) and operating income of $252 million ($2.97 per diluted share). The company achieved a combined ratio of 94.2% and saw gross premiums increase by $191 million (11%) to $2.0 billion.

For full-year 2024, AXIS delivered net income of $1.1 billion ($12.35 per diluted share) and operating income of $952 million ($11.18 per diluted share). The company reported a return on average common equity (ROACE) of 20.5% and operating ROACE of 18.6%. Book value per diluted share increased by 20.7% to $65.27.

The Insurance segment grew 7.7% to $6.6 billion in premiums with an 89.1% combined ratio, while Reinsurance grew 7.9% to $2.4 billion with a 91.8% combined ratio. The company returned $350 million to shareholders through share repurchases ($200 million) and dividends ($150 million).

AXIS Capital Holdings (NYSE: AXS) has announced it will release its fourth quarter 2024 financial results on Wednesday, January 29, 2025, after market close. The company will host an investor teleconference on Thursday, January 30, 2025, at 8:30 a.m. ET.

President and CEO Vince Tizzio and CFO Peter Vogt will lead the conference call, which will include a Q&A session. Investors can access the call via phone using specific dial-in numbers for U.S. and international callers, or through a live webcast available on the company's website. A replay will be available for two weeks following the call.

AXIS Capital Holdings (NYSE: AXS) has announced that Sara Farrup has taken over as Head of Global Markets, following a planned leadership transition announced in September 2024. Farrup, who will be based in London, reports directly to AXIS President and CEO Vince Tizzio and joins the Company's Executive Committee. She succeeds Mark Gregory, who will continue as a strategic advisor through March.

Farrup expressed enthusiasm about joining AXIS at this stage, emphasizing her commitment to building on existing momentum and fostering a strong culture. CEO Tizzio highlighted Farrup's extensive specialty knowledge, understanding of international markets, and track record of success as key factors in her appointment.