AXIS Capital Declares Quarterly Dividends and Announces New Share Repurchase Authorization

Rhea-AI Summary

AXIS Capital (NYSE: AXS) declared a quarterly common dividend of $0.44 per share payable April 15, 2026 to holders of record as of March 31, 2026. The Board also declared a Series E preferred dividend of $34.375 per share payable April 15, 2026.

The Board approved a new open-ended $300 million share repurchase authorization, supplementing an existing program with $112 million available as of December 31, 2025. Repurchases may occur in the open market or via private transactions and will be opportunistic based on market and regulatory conditions.

Positive

• Common dividend of $0.44 per share declared
• Preferred dividend of $34.375 per Series E share declared
• $300M new share repurchase authorization approved
• $112M remaining under prior repurchase program (as of 12/31/2025)

Negative

• None.

Key Figures

Common dividend: $0.44 per share Preferred dividend: $34.375 per Series E share Depositary share dividend: $0.34375 per depositary share +5 more

8 metrics

Common dividend $0.44 per share Quarterly dividend payable April 15, 2026

Preferred dividend $34.375 per Series E share 5.50% preferred, payable April 15, 2026

Depositary share dividend $0.34375 per depositary share Equivalent to Series E preferred dividend

New repurchase authorization $300 million New share repurchase program approved by Board

Existing program remaining $112 million Capacity left under Sept 17, 2025 authorization as of Dec 31, 2025

Current price $102.59 Pre-news close vs 52-week high $110.3375

52-week range $84.81–$110.3375 Price is 7.02% below high, 20.96% above low

Shares outstanding 77,037,743 shares As of September 30, 2025 (from shelf filing)

Market Reality Check

Price: $105.72 Vol: Volume 575,801 is below t...

normal vol

$105.72 Last Close

Volume Volume 575,801 is below the 20-day average of 744,859, suggesting muted pre-news activity. normal

Technical Price 102.59 is trading above the 200-day MA at 99.79, indicating a still-positive longer-term trend.

Peers on Argus

Among close peers, only RDN appeared in momentum scans, moving down ~1.16% witho...

1 Down

Among close peers, only RDN appeared in momentum scans, moving down ~1.16% without news, while AXS was down 0.72%. With no broad peer participation or common headlines, the setup points to a stock-specific narrative rather than a sector-wide move.

Previous Buybacks,dividends Reports

3 past events · Latest: Sep 17 (Positive)

Same Type Pattern 3 events

Date	Event	Sentiment	Move	Catalyst
Sep 17	Dividends & buyback	Positive	+1.4%	Quarterly dividends plus new $400M repurchase authorization.
Feb 19	Dividends & buyback	Positive	+1.2%	Quarterly dividends and fresh $400M share repurchase program.
May 16	Dividends & buyback	Positive	+1.2%	Quarterly dividends plus new $300M buyback layered on prior plan.

Pattern Detected

Buyback and dividend announcements have historically produced modest positive next-day moves around +1–1.5%, suggesting the market typically views these actions favorably.

Recent Company History

Over the past two years, AXS has repeatedly paired $0.44 common dividends with sizable repurchase authorizations under the buybacks,dividends tag. Prior programs ranged from $300M–$400M, and each such announcement saw a positive 24‑hour reaction between +1.17% and +1.44%. Today’s news continues that pattern of capital returns alongside an already strong fundamental backdrop from recent earnings and capital return disclosures.

Historical Comparison

+1.3% avg move · In the past, three similar buyback/dividend announcements under this tag produced average 24‑hour mo...

buybacks,dividends

+1.3%

Average Historical Move buybacks,dividends

In the past, three similar buyback/dividend announcements under this tag produced average 24‑hour moves of +1.28%. Today’s modest -0.72% pre-news decline contrasts with that typically positive reaction pattern.

The company has repeatedly combined a $0.44 common dividend with sizable buyback authorizations, alternating between $300M and $400M programs while keeping them open-ended and opportunistic.

Regulatory & Risk Context

Active S-3 Shelf

Shelf Active

Active S-3 Shelf Registration 2025-11-04

AXIS Capital has an effective automatic shelf registration on Form S-3ASR filed on 2025-11-04, allowing issuance of various securities for general corporate purposes. As of the latest data, usage count is 0, indicating no takedowns have been executed under this shelf.

Market Pulse Summary

This announcement adds to AXIS Capital’s pattern of combining a $0.44 common dividend with new or su...

Analysis

This announcement adds to AXIS Capital’s pattern of combining a $0.44 common dividend with new or supplemental repurchase authorizations, this time for up to $300 million while $112 million remained on a prior plan. Historically, similar buybacks,dividends releases produced average 24‑hour moves of +1.28%. Investors may watch execution of repurchases versus available capacity, overall capital return levels, and any future use of the effective shelf registration.

Key Terms

share repurchase program, depositary share

2 terms

share repurchase program financial

"approved a new share repurchase program, authorizing the Company to purchase up to an aggregate $300 million"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

depositary share financial

"preferred share (equivalent to $0.34375 per depositary share) payable on April 15, 2026"

A depositary share is a special type of stock that represents ownership in a company but is traded on the stock market like regular shares. It often makes it easier for people to buy and sell shares of companies from other countries or smaller companies that don’t list directly on big exchanges.

AI-generated analysis. Not financial advice.

PEMBROKE, Bermuda, Feb. 26, 2026 (GLOBE NEWSWIRE) -- AXIS Capital Holdings Limited ("AXIS Capital" or the “Company”) (NYSE: AXS) today announced that its Board of Directors has declared a quarterly dividend of $0.44 per common share payable on April 15, 2026 to shareholders of record at the close of business on March 31, 2026.

In addition, the Board declared a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) payable on April 15, 2026 to shareholders of record at the close of business on March 31, 2026.

AXIS Capital also announced that its Board of Directors approved a new share repurchase program, authorizing the Company to purchase up to an aggregate $300 million of the Company’s common shares. This new share repurchase program supplements the existing share repurchase program, which was authorized on September 17, 2025, under which, as of December 31, 2025, $112 million remains available for use.

The new share repurchase program is open-ended, allowing the Company to repurchase its shares from time to time in the open market or in privately negotiated transactions. The Company will consider share repurchases on an opportunistic basis. The timing and amount of the repurchases will depend on a variety of factors, including market, economic, corporate and regulatory conditions.

About AXIS Capital
AXIS Capital, through its operating subsidiaries, is a global specialty underwriter and provider of insurance and reinsurance solutions. The Company has shareholders’ equity of $6.4 billion at December 31, 2025, and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a financial strength rating of "A+" ("Strong") by Standard & Poor’s and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.

Follow AXIS Capital on LinkedIn and X.

Investor Contact	Media Contact
Cliff Gallant	Nichola Liboro
+1 (415) 262-6843	+1 (212) 940-3394
investorrelations@axiscapital.com	nichola.liboro@axiscapital.com

FAQ

When is AXIS Capital (AXS) paying the declared common dividend and who is eligible?

AXS will pay the common dividend on April 15, 2026 to holders of record at close of business March 31, 2026. According to the company, shareholders on the March 31 record date will receive the $0.44 per share payment on April 15.

What is the Series E preferred dividend AXIS Capital (AXS) declared and when is it payable?

AXS declared a Series E preferred dividend of $34.375 per share payable April 15, 2026. According to the company, the dividend equals $0.34375 per depositary share and is payable to record holders as of March 31, 2026.

How large is the new AXIS Capital (AXS) share repurchase authorization and how will repurchases be made?

AXS authorized up to $300 million in new share repurchases under an open-ended program. According to the company, repurchases may occur opportunistically in the open market or in privately negotiated transactions over time.

How much remained available under AXIS Capital's prior repurchase program at December 31, 2025?

As of December 31, 2025, $112 million remained available under the prior repurchase program. According to the company, the new $300 million authorization supplements that remaining capacity for future repurchases.

What factors did AXIS Capital (AXS) say will determine timing and amounts of share repurchases?

AXS said repurchase timing and amounts depend on market, economic, corporate and regulatory conditions. According to the company, those factors will guide opportunistic repurchases and any decisions will reflect prevailing conditions.