Welcome to our dedicated page for Axis Cap Hldgs news (Ticker: AXS), a resource for investors and traders seeking the latest updates and insights on Axis Cap Hldgs stock.
Axis Capital Holdings Limited (AXS) provides specialty insurance and reinsurance solutions across global markets. This news hub offers investors and industry professionals centralized access to authoritative updates about the company’s operations and market position.
Track all material developments through press releases and verified news covering financial results, strategic initiatives, leadership updates, and industry recognition. Our curated collection simplifies monitoring of AXS’s specialty underwriting activities, reinsurance transactions, and risk management innovations.
Discover timely information about AXS Insurance and AXS Reinsurance segments, including product expansions in property/casualty lines and operational developments across key markets in Bermuda, Singapore, and North America. Content is organized to support informed analysis of the company’s disciplined underwriting culture and portfolio management strategies.
Bookmark this page for efficient access to AXS’s latest announcements and historical updates. Regularly updated content ensures stakeholders maintain current awareness of this global underwriter’s market activities.
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.
AXIS Capital (NYSE: AXS) and Enstar Group have entered into a loss portfolio transfer (LPT) reinsurance agreement covering AXIS's reinsurance segment business. Under the agreement, structured as a 75% ground-up quota share, AXIS will retrocede $2.3 billion of reinsurance segment reserves to Enstar, primarily from casualty portfolios related to 2021 and prior underwriting years totaling $3.1 billion at September 30th.
AXIS expects to recognize an approximate $60 million benefit from the excess of reserves ceded over the consideration over the next several years. The transaction, expected to close in the first half of 2025 subject to regulatory approvals, will be provided by Enstar's subsidiary Cavello Bay Reinsurance , which holds an S&P 'A' financial strength rating. AXIS will maintain claims control for the covered reserves.
AXIS Capital Holdings (NYSE: AXS) has announced that President and CEO Vince Tizzio and CFO Pete Vogt will participate in a fireside chat at the 2024 UBS Global Specialty Insurance/Reinsurance Virtual Conference. The discussion will be moderated by UBS analyst Brian Meredith and is scheduled for December 17, 2024, at 9:15 am eastern. The event will feature a live webcast, and an archived replay will be made available after the presentation.
AXIS Capital (NYSE: AXS) has announced its Board of Directors' declaration of quarterly dividends. The company will pay a dividend of $0.44 per common share and $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share). Both dividends will be payable on January 15, 2025, to shareholders of record as of the close of business on December 31, 2024.
AXIS Capital reported strong Q3 2024 financial results with net income of $173 million ($2.04 per diluted share) and operating income of $230 million ($2.71 per diluted share). Key highlights include a combined ratio of 93.1%, annualized operating ROACE of 17.3%, and book value per diluted share increase of 9.0% to $64.65. The company saw gross premiums written increase by 2% to $1.9 billion, with insurance segment up 5% and reinsurance segment down 9%. Net investment income rose 33% to $205 million. Despite impacts from Hurricanes Helene and Milton, AXIS maintained profitable operations while improving operating efficiency through their 'How We Work' program, reducing G&A ratio by 1.4 points to 12.1%.
AXIS Capital Holdings (NYSE: AXS) has announced leadership changes for its Irish legal entities, AXIS Re SE (ARe) and AXIS Specialty Europe SE (ASE), effective October 7, 2024. Dax Gulmohamed has been appointed CEO of ASE, succeeding Fintan Mullarkey who is departing after 21 years with AXIS. Gulmohamed will oversee ASE and its branches in Belgium and the UK.
For ARe, John O'Neill has been appointed CEO, replacing Mark McCormick who is leaving after 14 years with the firm. O'Neill will be responsible for the Ireland-based legal entity and its Zurich branch, while continuing his role as Senior Vice President of Life Reinsurance.
These appointments reflect AXIS Capital's commitment to strengthening its leadership in its European operations and specialty insurance business.
AXIS Capital Holdings (NYSE: AXS) has announced it will release its third quarter financial results for the period ending September 30, 2024, on Wednesday, October 30, 2024, after the financial markets close. The company will host an investor teleconference on Thursday, October 31, 2024, at 9:00 AM EDT to discuss the results and related matters.
The call will be led by Vince Tizzio, President and CEO, and Peter Vogt, CFO. Investors can access the teleconference via phone or listen to a live webcast through the company's website. An audio replay will be available for two weeks following the call, and the webcast will be archived on the AXIS Capital website.
AXIS Capital Holdings (NYSE: AXS) has announced quarterly dividend declarations. The company's Board of Directors has approved a $0.44 per common share dividend, payable on October 18, 2024, to shareholders of record as of September 30, 2024. Additionally, a dividend of $34.375 per Series E 5.50% preferred share (equivalent to $0.34375 per depositary share) has been declared, also payable on October 18, 2024, to shareholders of record at the close of business on September 30, 2024. This announcement demonstrates AXIS Capital's commitment to returning value to its shareholders through regular dividend distributions.
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